East African Business Notifier

Asian countries’ ability to thrive in the world economy over the next few decades hinges on their capacity to sustain their competitive advantages through continuous innovation.  But to meet their commitments under the 2015 Paris climate agreement, the region’s economies must overhaul their production, consumption, and resource-allocation strategies, potentially postponing the long-anticipated “Asian century.” With the latest Intergovernmental Panel on Climate Change report  showing  that global warming is on track to rise 1.5° Celsius above pre-industrial levels within the next decade, the urgent need to accelerate efforts to mitigate climate change has moved to the forefront of the international policy debate. In March, shortly after the United Nations  warned  that the “climate time bomb is ticking,” a gathering of central bank governors from member states of the Association of Southeast Asian Nations (ASEAN)  underscored  the importance of aligning...

Ugandans seeking to work in Qatar can finally smile as the Government of Uganda is set to sign a Bilateral Labour Agreement with the State of Qatar. According to the President's Office for Diaspora Affairs, the Bilateral Labour Agreement (BLA) with the State of Qatar, will be signed during the Doha Dialogue Conference, which will be held later this year.  This, will be key in labour migration governance, to ensure safe, orderly & regular labour migration, cooperation on the protection & promotion of rights and welfare of Ugandans working in Qatar. The BLA is to ease way for the employment of skilled and unskilled workers from Uganda, with an aim of ensuring continued labour cooperation, promoting rights and welfare of Ugandan migrant workers, labour exporters, and regulating contractual relationship. Annually, Government of Uganda collects about $1.3 billion globally from labour export business, with $700 million from the Gulf Region, alone. Notably, the President of the Re...

  BY SAMUEL NABWIISO The Inter-University Council of East Africa has held a groundbreaking ceremony for the construction of the second phase of its headquarters in Kampala. The project will cost $8.4 million and is expected to be completed within 18 months. Speaking at the groundbreaking ceremony held at IUCEA Headquarters in Kampala, the Chief Guest, the 1 st  Deputy Prime Minister and Minister for East African Community (EAC) Affairs, Republic of Uganda, Rt. Hon. Rebecca Kadaga, reiterated the commitment of EAC Partner States to support IUCEA to deliver its mandate including operationalisation of EAC Common Higher Education Area. She commended IUCEA for supporting regional integration through harmonisation and quality assurance of higher education system and supporting regional mobility of staff and students in universities and other tertiary institutions. “Higher Education should ensure increased access to relevant education, improve competitiveness of graduates, ensure com...

  A total of 35 Senior Police officers from ten countries across the African continent received their Post-Graduate Diplomas in Strategic Leadership and Management – a programme delivered by the African Leadership University School of Business – in a memorable graduation ceremony held at the Rwanda National Police College in Ruhengeri. The officers were from Ethiopia, Kenya, Malawi, Namibia, Lesotho, Nigeria, Somalia, South Sudan, Tanzania, and Rwanda. The African Leadership University (ALU) was delighted to work in partnership with the Rwanda National Police, in providing a programme that enhances the capabilities and leadership skills of Senior Police officers and staff across Africa. Over the course of the eight-month programme, the officers studied the fundamentals of leadership, and received practical training in how to successfully manage individuals, teams, and organisations across different levels. Offered as part of the Police Senior Command and Staff Course, t...

Ubuntu Towers Uganda has announced the successful completion of its rebranding to TowerCo of Africa Uganda, which is 90% owned by TowerCo of Africa (TOA), a fully owned subsidiary of AXIAN Telecom. Under a new identity, the company forges ahead with its journey towards redefining connectivity in Uganda.   Geoffrey Donnels Oketayot, CEO at TowerCo of Africa Uganda, said they are thrilled to officially unveil TowerCo of Africa Uganda and embark on an exciting next chapter in what has been a very fulfilling journey. “ Our rebranding represents a transfer of the positive legacy from Ubuntu Towers to the TowerCo of Africa brand. “ It also marks an important milestone in our evolution, which is punctuated by our ambition to be the best green passive infrastructure solutions provider in Uganda , " said Oketayot. At a celebratory event graced by the Uganda State Minister of I nformation and Communications Technology, Joyce Juliet Nabbosa Ssebugwawo, and other dignitaries as ...

  The Euromoney Awards for Excellence 2023 have picked Stanbic Bank, the anchor subsidiary of Stanbic Uganda Holdings Limited, as winners in the category of Best Bank in Uganda. The announcement was made last week during celebrations of the achievements of the world's best banks at a ceremony held in London.     Euromoney deliberated over 269 different awards categories in 2023, determining winners at country, regional and global level. The London-based publication is the leading authority for the world’s banking and financial markets.   The Euromoney Awards for Excellence were started in 1992 and were the first of their kind in the global banking industry. They remain the worldwide gold standard in this regard and are determined by an editorial panel of judges following a three-month research and interview process. Other award winners include BNP Paribas, that won the world’s best bank and also named the world’s best bank for sustainable finance. While Morga...

  Qatar is no more just a place where Ugandans work, but consider another home away from home. With the opening of our Embassy in 2019, this, has become a second home to the Ugandans, with the Uganda Community in Qatar falling between 5000 to 6000. This, was revealed today, as the Senior Presidential Advisor on Diaspora Affairs, Ambassador Hajji Abbey Walusimbi, held talks with Deputy Head of Mission in Qatar, Ambassador Muhammad Kezaala, who paid a courtesy visit to him in Kampala. The two supremos discussed matters regarding labour externalisation, including well-being and challenges facing Ugandans working in Qatar, among others. On his part, Ambassador Walusimbi thanked H.E. President Museveni for fronting the dignity of his 'Bazukulu', abroad. Additionally, he said government will have a robust monitoring unit, to look into the welfare of Ugandans working abroad, especially in Qatar, which will be charged with ascertaining living and working conditions, and handling disput...