CAPTION: Ojangole says the way that information is handled can determine whether an auditor strengthens or damages an institution.By Our reporterKAMPALA – Uganda Development Bank’s Managing Director, Patricia Adongo Ojangole, says institutional collapse rarely happens suddenly, suggesting that institutions weaken gradually, through ignored risks, broken controls, compromised governance, and small ethical decisions that accumulate over […]
Patrick Ayota, NSSF MD By Our reporter KAMPALA – The National Social Security Fund recorded an 85 percent increase in total revenue in the financial year ended June 2026, with income rising to 6.51 trillion shillings. NSSF Managing Director Patrick Ayota attributed the growth to improved performance of the economy and the sectors and markets […]
By Phabian MoukNAIROBI – Disclosed private investment deals in East Africa rose 10 percent to 66 in the seven months to July 2026, from 60 a year earlier. Kenya accounted for 43 of them. Uganda had 12.The count comes from I&M Burbidge Capital’s East Africa Financial Review for July 2026, as reported by the […]
By Sam NkurunzizaKIGALI – Rwanda has taken a bigger position in the supply chain of one of the world’s most strategically sensitive minerals, with the government acquiring a 25% stake in a new tungsten venture with US-listed Almonty Industries.Under the agreement signed on September 14, Rwanda will contribute the Shyorongi tungsten exploration concession in Rulindo […]
CAPTION: A Kenyan farmer in his maize garden in Kisumu Market recently. (File photo). By Gilber Koech NAIROBI – Experts have called for radical reforms in Kenya’s food system to build a more sustainable, inclusive and resilient structure. Food systems expert Nancy Rapando said Kenya’s food systems face unprecedented challenges that require a holistic […]
CAPTION: A collage of the Jomo Kenyatta International Airport (JKIA) and President William Ruto, August 28th, 2026. By Our reporterNAIROBI – Kenya is seeking fresh financing from the Asian Infrastructure Investment Bank (AIIB) to fund major infrastructure projects, including a 243-kilometre Mau Summit-Malaba expressway.Prime Cabinet Secretary Musalia Mudavadi said on Thursday, September 10, that part of […]
CAPTION: Ms Kairuki at the Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference in Seoul on Thursday, September 11th, 2026. (Courtesy Photo). By Our reporterSOUTH KOREA / SEOUL – Tanzania plans to establish artificial intelligence (AI) data centres as the country prepares for wider use of the technology across key sectors of the economy, the Minister for Communication and […]
CAPTION: A communication dish for sending and recieving signals through the setlite. (File Photo). By Shabelle Media Network, MogadishuSEOUL – Somalia’s Finance Minister Bihi Iman Egeh has called for greater investment in energy, fibre-optic networks, data infrastructure and accountable financing as African countries seek to harness artificial intelligence to accelerate economic development.Speaking at the eighth Korea-Africa Finance […]
SINGAPORA – Uganda has formally introduced its crude oil, branded Pearl Sweet, to the global petroleum market at the Asia Pacific Petroleum Conference (APPEC) 2026 in Singapore, as the country moves closer to first oil production. The unveiling on Tuesday followed President Yoweri Kaguta Museveni’s naming of Uganda’s crude oil as Pearl Sweet during his […]
CAPTION: Burundian nationals gather outside their embassy to apply for border passes as they prepare to travel back to their country following the Kenyan government’s directive on undocumented small-scale traders, in Nairobi on September 7, 2026. (Courtesy Photo). By Agency NAIROBI – The government of Kenya has halted the expulsion of foreign traders, especially from the […]