Tag: Uganda
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πΊπ¬ Salaam Bank launches Uganda’s first Islamic bank
A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic banking in the east African country last year. Islamic finance follows Islamic religious principles such as bans on…
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Uganda future oil projects
πΊπ¬π’ Uganda has launched its first drilling rig to develop the Kingfisher oil field. On Jan. 24 first four oil rigs were commissioned. Starting drilling is a pivot point for the country that is planning to get first oil output in 2025 after a long delay. βͺοΈThe Kingfisher project is expected to boost Uganda’s oil…
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AU Passport Would Provide Boon To Intra-Africa Air Travel
Southern Africa Tourism Update reports on new study by the international airline organization IATA and the AU efforts to expand inter and intra connectivity of Africaβs airports and countries. IATA announced a 26.1% year-on-year rise in African air traffic; a leading aviation analytics firm believes that the adoption of an African Union (AU) Passport would…
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Enhancing Bilateral Ties: PAPSS Visits LBDI in Monrovia, Liberia
In a significant diplomatic development, Monrovia, the capital city of Liberia, recently played host to high-profile visits from the Pan-African Parliament Secretariat (PAPSS) and the Liberia Bank for Development and Investment (LBDI). The interactions during these visits underscored the commitment to strengthening diplomatic and economic ties between Liberia and the broader African community. The Pan-African…
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