East African Business Notifier

Merck Foundation , the philanthropic arm of Merck KGaA Germany, has conducted the   13 th  Edition of Merck Foundation Africa Asia Luminary 2026   through an online videoconference.   The annual conference was inaugurated by   Prof. Dr. Frank Stangenberg-Haverkamp, Chairman of Merck Foundation Board of Trustees , and   Dr. Rasha Kelej, CEO of Merck Foundation and Chairperson of Merck Foundation Africa Asia Luminary  along with   The First Ladies of 12 African and Asian countries , who joined as the   Guests of Honor   and   Keynote Speakers. Senator Dr. Rasha Kelej (Ret.), CEO of Merck Foundation, President of “More Than a Mother”  and Chairperson of Merck Foundation Africa Asia Luminary said that it was a great privilege to welcome distinguished Guests of Honor and Keynote Speakers, The First Ladies of Africa and Asia, who are the Ambassadors of our ‘More Than a Mother’ campaign to the 13 th ...

  The African Union has said that following consultations with the Government of Egypt, the African Union Commission and other key stakeholders, a decision has been taken to  postpone the African Union Mid-Year Coordination Meeting and the inaugural Alamein Africa Forum , which were scheduled to take place in Alamein, Egypt, between the 25–27 June 2026. This decision the body said was made in light of the evolving public health situation in the continent especially Ebola outbreak in DR Congo and Ugand, and reflects the collective commitment of the organisers and participating institutions to host an inclusive, continent-wide event, whilst also safeguarding the health, safety and wellbeing of delegates, government officials, business leaders and partners from across Africa and around the world. "New dates will be announced in due course following further consultations with participating governments and partner institutions. "We would like to express our sincere appreciation fo...

Standard Chartered Bank Uganda and Absa Bank Uganda Limited have received regulatory approval from the Bank of Uganda for Standard Chartered Bank Uganda Limited to sale its Wealth and Retail Banking (WRB) business to Absa Bank Uganda Limited.  The approval marks an important milestone for Uganda’s banking sector and reflects continued confidence in the strength, stability, and regulatory oversight of the country’s financial system. It also reinforces Absa’s position as a well-capitalised financial institution with a strong governance framework and a long-term commitment to the Ugandan market. Sanjay Rughani, CEO & Managing Director, Standard Chartered Uganda, added: “This approval is a testament to the strength and vital contribution of both banking institutions to the banking industry.   This decision reflects our continued commitment to align our operations with the Standard Chartered’s  global strategy, focusing on our core strengths in Corporate & Investment B...