Business

Rwanda unveils plans for African Grand Prix as Formula 1 prepares to return to the continent

A 6km circuit featuring 17 corners, steep hills and a lakeside setting will be built in Bugesera under a 10-year agreement with Formula 1. Rwanda...

Africa needs 71,000 aviation professionals as Airbus forecasts demand for 1,640 aircraft

ADDIS ABABA, 13 October 2026 Africa will need an additional 20,000 pilots, 30,000 aircraft mechanics and 21,000 cabin crew as airlines prepare for a sharp...

Nigeria’s Dangote refinery extends IPO

Lagos, Nigeria A Nigerian oil refinery owned by Africa's richest man is extending the deadline for its initial public offering in order to broaden participation, its...

Uganda Turns to Domestic Investors as Public Debt Rises

David Mwanje Uganda is turning more to the domestic market to finance government spending, putting Treasury bills and bonds at the centre of its borrowing...

Uganda’s Private Sector Growth Slows as Fuel and Transport Costs Rise

By David Mwanje Uganda’s private sector expanded in September, recording its slowest growth since January as businesses faced higher fuel and transport costs, delayed customer...

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