Most of the world can’t afford insurance. It’s a product for the rich. In Africa, 90% of people have no safety net to catch them if they get sick or are in an accident. 100 million people fall into poverty every year as a result of having to make out-of-pocket payments to cover health expenses.
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African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative solutions
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Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals. Oxfam’s “Unfair Share” report published today,
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In recognition of the relationship between climate change and Africa’s development, African Heads of State have agreed to lead the way in finding sustainable solutions to the climate crisis during the Africa Climate Summit, held at the Kenyatta International Convention Centre in Nairobi and presided over by H.E William Ruto. The African leaders expressed their
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In the heart of Uganda’s urban hubs, supermarkets have transcended their traditional role as mere shopping destinations, emerging as pivotal contributors to the country’s economic development. Beyond the aisles stocked with essentials, these retail giants hold the potential to invigorate local economies, empower communities, and drive transformative change. Uganda’s Evolving Supermarket Landscape Amidst a global
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Growth In Assets Of 23% To Reach Kshs.1.645 trillion.
Net Loans Register 26% Growth
Subsidiaries Contribute 46% Total Assets And 45% Profit Before Tax
27.7% Return on Equity
The project was designed in collaboration with the Ministry of Agriculture and aligns with its National Post-Harvest Management Strategy
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According to Joshua Karamagi, UETCL CEO, management in May 2022 took a decision to lay off 66 staff whose contracts expired on 30 June 2023 after failing to secure funds from government
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In an effort to restore dignity and empower the girls and women in Bidibidi refugee settlement, Uganda Red Cross Society (URCS) through the Bimysawa and Humanitarian Protection 1 projects have distributed Menstrual Hygiene Management (MHM) Kits to over 4,500 beneficiaries. These projects, with support from the Austria Development Cooperation, Belgian Red Cross Flanders, and Austrian
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outh have been urged to open their minds towards sustaining interventions and enterprises for young people. The call was made by the State Minister for Youth and Children Affairs, Hon. Sarah Mateke, while addressing participants of the Sixth National Youth Parliament. The sitting held in the Parliament Chambers on Friday, 11 August 2023 brought together
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