The call for applications for the 8th Orange Social Venture Prize in Africa and the Middle East opened Wednesday and will run through 31 May 2018, under the “Orange Social Venture Prize”. This prize, awarded by Orange, rewards innovative projects based on Information and Communication Technologies (ICT) which improve the
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The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) Friday entered into a re- guarantee transaction of an amount of up to USD 74 million (Shs269.3bn) with GuarantCo, to increase its guarantee capacity for SME financing. SMEs have a large and growing impact on GDP in emerging markets and
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In partnership with Google, Mara Corporation Limited (MC) is set to release the Mara X for the African market in the second quarter of 2018. The Mara X will be a one-of-a-kind high-quality, smartphone. Mara Corporation Limited is owned by Ashish J Thakkar, one of the richest Ugandans. The Mara
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Last year, Uganda Development Bank Limited (UDB) in partnership with the Resilient Africa Network (RAN Lab) rolled out the UDB i-Growth Accelerator Program focusing on supporting commercialization of local start-ups and stimulating a culture of innovation in Uganda so as to make a remarkable contribution to the country’s social economic
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Kenyan multi-millionaire Chris Kirubi has reportedly acquired a 51% stake in fast moving consumer goods manufacturer Haco Tiger Brands East Africa from Tiger Brands of South Africa, Forbes reports. The acquisition means that Kirubi, 77, has taken back full control of the company after selling the 51% stake in the
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Do you have a small piece of land and want to put it to better use? Do you want to earn from farming throughout the year? Green house farming is the answer. A greenhouse is a structure with walls and roof made essentially of transparent material, such as glass, in
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The future of regional retailer Uchumi Supermarkets hangs in balance, with efforts to get an investor to save it delaying to yield results. Uchumi quit Uganda in 2015 after accumulated unprecedented levels of debts. The latest from Kenya is that Uchumi Supermarkets will on Sunday close its prime Sarit Centre
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Uganda’s health sector is in the news more often than not, for the wrong reasons. It cannot be overstated that as a country, we ought to do better. While it is the norm to cry foul to the government, a good health sector is a concerted effort by not just
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Millions more people in Africa now have access to financial systems thanks to cashless systems using digital technology, and more people are seeing the benefits of mobile banking, according to Ecobank, the leading independent pan-African banking group. Ecobank is the main sponsor at the Africa Tech summit currently taking place
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A football franchise generates money from a number of avenues but most funds are raised from sponsorships. On top of that, football teams make money from TV sponsorships, sale of merchandise like club t-shirts or scarves, partnerships, gate collections and donations. In Uganda, the economic potential has not fully been
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