East African Business Notifier

  COMESA Court of Justice will temporarily relocate its Registry Operations from Khartoum, Sudan owing to the current political instability in the country, which has affected its operations. The decision was made by COMESA Ministers of Justice and Attorneys General during  their 26th Meeting held on 22 September 2023 in Lusaka, Zambia. This followed a request submitted by the Court requesting for temporary relocation to Zambia, where COMESA has its headquarters. Making the request, Judge President of the Court, Lady Justice Lombe Chibesakunda  expressed the Court’s empathy by the turn of events in Sudan, one of the founding Member States of COMESA. “Unfortunately, the situation as it stands now underscores the urgency of considering  alternative measures to ensure the Court continues delivering on its mandate,” she said in her address to the meeting. The Court has been based in Khartoum, since 2014 pursuant to a 2003 COMESA Decision...

Ugaanda’s First 5G Network, Airtel Uganda has climaxed its monthly mug with senior golfer mmanuel Mwaka emerging winner after gaining 43 points on the Kitante Golf Course. In partnership with Uganda Golf Club, Airtel Uganda has continued to host the popular Wednesday club nights dubbed Airtel’s Wednesday Club Nights , where Golfers get a chance to engage with the brand and win lots of goodies that culminate into a bigger monthly club night activation, at the end of each month. The September monthly mug comprised of 120 Golfers received Airtel Goodies after teeing off a 72-par course at the Uganda Golf Club today.  The winners walked away with Airtel branded umbrellas, Airtel 4G Smartphones, Airtel 4GMiFi that connects up to 10 users with 15GB free data. Mwaka outshone more than 120 skilled competitors to claim the September championship title.  His victory serves as an inspiration to young Ugandans, encouraging them to pursue their passions with dedication and enthusiasm. He...

  The Harvard Club New York played host to a landmark event, the Human Capital Africa (HCA) Roundtable on the learning crisis in Africa. The event was held alongside the United Nations General Assembly and brought together Heads of State, Ministers of Education, business leaders, civil society organizations, and distinguished African intellectuals from different sectors. The aim was to discuss the crucial role of foundational learning in enhancing education for the future of Africa and to highlight the leadership being demonstrated across the continent to tackle this issue.   Frank Nweke, a member of the Human Capital Africa corporate board, opened the roundtable on behalf of the Chair of the Advisory Board, former President of Malawi, Dr Joyce Banda. She highlighted the magnitude of the learning crisis in Sub-Saharan Africa and shared some hope that evidence-based approaches can help reverse the situation.   The event commenced with a compelling address by the ...

African leaders and global policymakers recently gathered in Nairobi, Kenya, for the inaugural  Africa Climate Summit  to discuss the challenges of funding climate solutions. The summit showed that private-sector investments, in particular, could go a long way toward accelerating the continent’s energy transition. Efforts are already underway to attract more foreign capital, especially from the United States. When US Vice President Kamala Harris visited Ghana, Tanzania, and Zambia earlier this year, she announced  nearly 30 private-sector and philanthropic commitments  to support climate resilience, adaptation, and mitigation across Africa. But the continent’s needs are far from being met. An estimated  $700 billion  will be required to develop green energy in Africa, and yet it received  only 2% of the $2.8 trillion  invested globally in renewables between 2000 and 2020. The main barrier to increasing green financing is risk perception: many priv...

  T he Uganda Revenue Authority (URA) has said that it has collected UGX 256 Billion from the use of Exchange of Information on Request (EOIR), a tool that allows tax authorities to share information with other countries. The Commissioner General of URA, John R. Musinguzi, revealed this at the opening of the 2nd Round Peer Review on EOIR at Sheraton Kampala Hotel t his week . Musinguzi said that EOIR has helped the URA to detect and deter tax evasion and fraud, increase voluntary compliance, and gain more knowledge of taxpayer operations. He also said that Uganda is currently rated "Largely Compliant" by the Organisation for Economic Cooperation and Development (OECD) Global Forum, which assesses the compliance of countries with the international standards on EOIR. He added that Uganda's goal is to achieve a "Compliant" rating, which would have positive effects on the country's reputation, business climate, and investment flows. He warned that a neg...