East African Business Notifier

  BY EABN CORRESPONDENT KAMPALA, UGANDA- The Textile, Apparel and Leather Investment Forum (TALIF), Private Sector Foundation Uganda (PSFU) and the African Integration Think Tank (AfITT) have partnered to ensure that the textile, apparel and leather sector gets its deserved share in the global market space. TALIF, Africa’s leading platform for sector-specific collaboration and investment, convene d a high-level Meeting in Kampala, where key players and stakeholders in the textile , apparel and leather industries gathered to deliberate on key issues affecting their sector and how they can overcome them. U nder the theme, “Fostering Synergies in the African Textile & Leather Industry ,” sector players pointed out some of the key challenges currently affecting the sector as lack of funding as well as embracement from the local populations. “The local community in Uganda have not appreciated and embraced locally made textiles. They think imported textiles are better tha...

BY PAUL TENTENA Oracle, a multinational computer technology company known for its database software, cloud computing services, and enterprise software particularly its Oracle Database and cloud applications has announced that it will open a data center in Kenya to cater for the eastern African region market. According to Sam Steins the Account Cloud Engineer/Director Oracle Cloud Infrastructure Africa, the move will ensure that Oracle taps into the growing market potential in the region. “We will soon open a data center in Kenya for this region. In Africa, we have our data centers in Johannesburg South Africa and Casablanca Morocco,” said Steins during the “ Empowering Innovation: The Digital Edge, ”  where cutting-edge technology meets real-world solutions to redefine the future of business in the digital era workshop held at Serena Kampala Hotel. The half-day workshop showcase d how innovation and technology can transform organization s while featuring industry-leading...

By Julie McCarthy The ten most expensive climate disasters of 2024 – the  hottest year on record  – cost more than  $229 billion , while extreme weather events have left fewer and fewer countries unscathed.  Deadly floods in China, Germany, and Kenya, scorching heat waves in India, prolonged droughts in Brazil, and, most recently, major wildfires in the United States and Ghana highlight the increasingly severe ripple effects of nature degradation and climate change on economies and societies. The global economy depends on a stable climate and reliable ecosystem services, including the provision of fresh water, healthy air, erosion and flood control, pollination, climate regulation, and carbon sequestration. According to the European Central Bank,  nearly 75%  of all eurozone bank loans are provided to firms that are highly dependent on at least one these ecosystem services. The economic implications of this dependence are profound. In the United Kingdom, en...

  The WMO Hurricane Committee has retired the names Beryl, Helene and Milton from its Atlantic basin name list and John from the eastern Pacific basin name list because of the death and destruction these storms caused in 2024. Hurricane Beryl was the earliest Atlantic basin Category-5 hurricane on record, with major impacts in the Caribbean. Hurricanes Helene and Milton caused catastrophic damage in the United States. Hurricane John triggered deadly and extended flooding in the Mexican state of Guerrero. The names Brianna, Holly and Miguel were selected as replacements in the Atlantic basin and Jake in the eastern Pacific. The  lists of names, which are overseen by WMO , help in the communication of storm warnings and to alert people about potentially life-threatening risks.  The names are repeated every six years, unless a storm is so deadly that its name is retired. The naming convention – whilst attracting the most public attention – is only a small part of the life-sa...