Uganda Financial News
29.08 / 21:17
U.S.
Pride
LGBTQ
Canada advises LGBTQ2 travellers to be aware of U.S. state laws
U.S. states targeting the LGBTQ2 community, Canada has updated its travel advisory for the country specifically advising people to check state and local laws before visiting.While overall travel advice around risk levels or health concerns has not changed for the U.S.
29.08 / 17:31
UPS
IPO
Provident
Mobile
country
Airtel Uganda to roll out $216 million IPO
MUMBAI/ NEW DELHI : Billionaire Sunil Mittal backed telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings or $216 million in an initial public offering (IPO), it said in a statement Tuesday. The company set the price for its initial public offering (IPO) at 100 Ugandan shillings (UGX) apiece, and will offer up to 20% stake or 8 billion shares, the company told the Uganda Securities Exchange. The IPO also fulfills regulatory requirements under which the company has to mandatorily list by 16 December.
29.08 / 10:45
UPS
IPO
Provident
Mobile
Airtel Uganda plans $216 million IPO
telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings (UGX) or $216 million in an initial public offering (IPO), it said in a statement on Tuesday. The company set the price for its initial public offering (IPO) at 100 UGX a piece, and will offer up to 20% stake or 8 billion shares, the company told the Uganda Securities Exchange. The IPO also fulfills regulatory requirements under which the company has to mandatorily list by 16 December 2023.
20.08 / 09:31
Man
Progressive
Indian
Mumbai
Indian Passenger arrested with ₹15 crore worth of Cocaine at Mumbai airport
₹15 crore at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on Sunday. THE DRI official recovered 1,496 grams of a white powder, purported to be cocaine. The value of the drug is said to be approximately ₹15 crore in the illicit market.
17.08 / 20:43
Blockchain
Ethereum
NFT
ICO
Tragedy or rug-pull? Inside the collapse of a ‘charitable’ NFT project
Launched in November 2021, non-fungible token (NFT) marketplace Orica (ORI) held itself as an "ethical platform" benefitting artists, collectors, and charities alike. At the time, the organization was involved in prominent projects such as building a school in Uganda to aiding victims of human trafficking, to helping Ukraine.
15.08 / 11:51
Uganda central bank lowers policy rate to 9.5% as inflation falls
KAMPALA (Reuters) — Uganda's central bank on Tuesday lowered its key lending rate to 9.5% from 10.0%, as inflation has fallen sharply since the start of the year.
14.08 / 14:07
COST
UPS
Provident
Remark
show
country
Indian
International
Rupee goes international: Journey of Indian currency since 1947
Keeping other aspects of the economy aside, let us have a glance at how the Indian rupee from being a relatively weak currency started its journey toward internationalisation. The value of a country's currency and its usage for global trade are among the key indicators for gauging its economic stride. Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
28.07 / 21:21
Provident
Action
exclusive
Netball World Cup 2023 begins today. Know how to watch, participating teams and more
Netball World Cup 2023 begins this Friday i.e. July 28 and sixteen teams are ready to hit the court in Cape Town. It will run through August 6 (Sunday).
28.07 / 13:41
Blockchain
Adoption
Agriculture
Africa
Blockchain technology lets East African farmers sell globally
Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe.
16.07 / 19:09
BLOCK
Platform
India blocks China, Pakistan move to have BRI in NAM papers
China Pakistan Economic Corridor (CPEC) in the Non-Aligned Movement (NAM) document at a recent ministerial meet of the grouping in Baku (capital of Azerbaijan). India was also successful in nixing efforts by Pakistan (at China's behest) to include reference to South China Sea disputes in the NAM document, ET has reliably learnt. SE Asian states, who are members of NAM and party to the South China Sea dispute, worked closely with India to defeat plans by Pakistan, hinted persons familiar with the development.
14.07 / 16:21
Twitter
Target
Fighting
From Priyanka Chopra to husband Asser Malik all shower Malala Yousafzai with birthday wishes on social media
A post shared by Asser Malik (@asser.malik) Actress Priyanka Chopra also extended her birthday wishes to Malala on Instagram, hoping for the best for her always. To commemorate Malala Day, Michelle Obama took to Twitter to express her admiration for Malala Yousafzai and the impact she has made on girls worldwide. Michelle Obama, through her organization Girls Alliance, reached out to members from Namibia, India, Nepal, Guatemala, and Uganda, asking them to share why Malala inspires them.
12.07 / 13:03
UPS
Provident
FIVE
Williams
Manufacturing
Platform
Continental
Iran's president begins a rare visit to Africa 'to promote economic diplomacy'
Iran’s president has begun a rare visit to Africa as his country under heavy U.S. economic sanctions seeks to deepen partnerships around the world
13.06 / 11:49
Adoption
Bitcoin Payments
Bitcoin Community
Bitcoin Wallet
Bitcoin
Ugandan Bitcoiner dreams of the secular economy: BTC Prague 2023
A Ugandan Bitcoiner embarked on a community-funded trip from East Africa to Central Europe after winning tickets to BTC Prague for his adoption-driving efforts in his home country.
20.04 / 20:41
Blockchain
Adoption
regulation
Crypto exchange Roqqu receives South African approval to expand operations
Nigerian crypto exchange Roqqu has been granted regulatory approval to operate in South Africa, allowing users to purchase cryptocurrencies and withdraw funds with the country's fiat currency, the South African Rand, according to local media reports.
30.03 / 09:05
29.03 / 17:27
business
Binance
Binance concealed ties to China for years, even after 2017 crypto crackdown: Report
Binance CEO Changpeng "CZ" Zhao and other senior executives have been for years concealing the crypto exchange ties with China, according to documents obtained by the Financial Times.
23.03 / 00:13
Law
regulation
SEC
TRON
SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering
The United States Securities and Exchange Commission, or SEC, has called for a jury trial against Tron founder Justin Sun for the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.”
13.01 / 00:27
business
Europe
Nigerian crypto exchange Roqqu receives European virtual currency license
Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world's largest crypto markets.
29.12 / 12:43
Citi
Fighting
The City’s failing diversity playbook, and why greenwashing fears may actually be ‘healthy’
Well, we’ve reached that time again — the year is nearly done and we reflect on what 2022 was.
08.11 / 07:11
business
Technology
Law
Bitcoin
Countries ignoring crypto AML rules risk placement on FATF's 'grey list' — Report
Countries failing to adhere to anti-money laundering (AML) guidelines for cryptocurrencies could find themselves added to the Financial Action Task Force’s (FATF's) “grey list."
07.11 / 21:35
COST
FIVE
Extreme
compensation
Climate compensation and extreme weather warnings: 5 Key takeaways from the second day of COP27
Today, world leaders, ambassadors and representatives gathered for the official opening of the UN climate conference in Sharm El Sheikh, Egypt.
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