American investors meet Speaker of Uganda’s Parliament, Rebecca Kadaga

By Henry Sekanjako

The Speaker of Uganda’s Parliament Rebecca Kadaga has implored American entrepreneurs to consider investing in Uganda for improved employment opportunities. Speaking during a meeting with a group of investors from the United States, at parliament Kadaga boasted of the peace and security in the country, which she said is a good environment for foreigners to invest in Uganda. Continue reading “American investors meet Speaker of Uganda’s Parliament, Rebecca Kadaga”

American investors in Uganda for tech summit

Top American business owners and investors have arrived in Uganda ahead of the business conference with tech entrepreneurs, which will take place on August 14, in Kampala.

The delegation made up of eight venture capitalists jetted into the country Monday, include Mr. Greg Dennerlein who serves as the director Venture DNA, and Mr. Chris Paladino who is the principal at NCP Equity LCC. Continue reading “American investors in Uganda for tech summit”

US-BASED PHARMACEUTICAL FIRM TO START MAKING CANCER DRUGS IN RWANDA

By Tobiloba Ishola

Lifting and Empowering All Families (L.E.A.F) Rwanda will start production of the first complex generic cancer medicine, L.E.A.F.-1404. This was announced after an agreement was reached with US Contract Manufacturing Organisation (CMO), through the firm’s parent company, LEAF Pharmaceuticals LLC, which is based in the United States. Continue reading “US-BASED PHARMACEUTICAL FIRM TO START MAKING CANCER DRUGS IN RWANDA”

Uber Considers Expanding into Senegal’s Capital

By Esha Sarai

But in a city full of taxis and drivers who don’t have smartphones, the San Francisco-based company will have to overcome a lot of challenges to be useful to Dakar residents and turn a profit. The city, like most African capitals, has an abundance of taxis. In most parts of the city, any time day or night, it’s easy to find a ride. But the city is rapidly expanding, and Uber says it has seen an opportunity to move in. Continue reading “Uber Considers Expanding into Senegal’s Capital”

Uber Targets Expansion In Fast-Growing West African Markets

By Alexis Akwagyiram

LAGOS (Reuters) – Global ride-hailing firm Uber Technologies Inc is in talks with regulators over plans to expand into two West African countries and provide a boat service in Nigerian megacity Lagos, a company executive has said .

In much of sub-Saharan Africa there are low levels of personal car ownership, rapidly expanding populations and a lack of efficient mass transport systems in fast-growing cities. Continue reading “Uber Targets Expansion In Fast-Growing West African Markets”

12 African Leaders Set To Attend US-AFRICA Summit

By Olumide Oyekunle

12 African leaders, over 1000 American and African private sector executives. Who is going and who is not?

Organizers hope to bring more than 1,000 American and African private sector executives, international investors, senior government officials, and multilateral stakeholders. The aim will be to open up the African market to US Investors in the wake of recent Chinese resolute incursions. Continue reading “12 African Leaders Set To Attend US-AFRICA Summit”

Microsoft to spend US$100 million on Kenya, Nigeria tech development hub

Microsoft Corp will invest US$100 million to open an Africa technology development centre with sites in Kenya and Nigeria over the next five years, the company said.

Global tech giants, including Alphabet Inc and Facebook, have been increasing investment on the continent in recent years to take advantage of growing economies with rising access rates to the internet by a youthful population. Continue reading “Microsoft to spend US$100 million on Kenya, Nigeria tech development hub”

Occidental inks deal to sell Anadarko’s Africa assets to Total

By Tom DiChristopher

Occidental Petroleum has reached a deal to sell Anadarko Petroleum‘s oil and gas assets in Africa to French oil major Total for $8.8 billion.

The agreement is contingent on Occidental first reaching an agreement to buy Anadarko and closing the deal. Occidental is competing with Chevron to acquire Anadarko. Continue reading “Occidental inks deal to sell Anadarko’s Africa assets to Total”