Majid Al Futtaim, a Carrefour franchise holder, said on Wednesday that it had struck an agreement to buy six shops in Uganda from South African retailer Shoprite. Shoprite (SHPJ.J) said last month that it will close operations in Uganda and […]
South Sudan’s oil supplying giant, Trinity Energy Ltd launched a 2 million litre fuel storage depot in Nesitu on Wednesday afternoon. The company said that it’s part of the 75 million litre targets, aimed towards securing the future of South […]
Kenyans have expressed outrage after the Energy and Petroleum Regulatory Authority (EPRA) announced the new prices on Tuesday, September 15, 2021. The new price guide saw fuel prices in Kenya jump to a historical high with petrol retailing at Sh134.72 […]
As part of attempts to strengthen peace between Sudan and South Sudan, the two governments signed a series of agreements on restarting commerce and expanding cooperation in transportation and security last month. The signing occurred during a three-day visit by […]
The country is on the verge of another fast economic catastrophe due to continuous deterioration in the exchange rate of South Sudanese Pounds against the dollar and constantly increasing prices of essential consumer goods. The repercussions were evident during the […]
In a letter dated 26th August 2021 seen by NCMP, the Jonglei Civil servant complained of appalling working conditions, threaten to lay down tools if their demands are not attended to within 48hours Find the memo below: Dear Honorable Acting […]
KCB Group has completed the acquisition of Rwandese lender Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited. KCB Group chief executive Joshua Oigara said the lender has secured regulatory approvals in Kenya and Rwanda for the […]
The Central Bank of South Sudan has received $334 million from the International Monetary Fund (IMF) to help finance its economic recovery programs. The financial institution announced Tuesday that the money has been allocated under the Special Drawing Rights. “South […]
Kenya and Tanzania have set December as the deadline for these two neighboring countries to resolve most of the non–tariff barriers that affect cross–border trade. The decision arose from a meeting of the Joint Cooperation Committee (JCC), a bilateral body […]
In less than three years, OPay has gone from a curious startup known for its motorcycles in Lagos, Nigeria, to a financial services company worth $2 billion. The latest valuation comes after it raised $400 million from a round led […]
The goal of NCMP is to bring news and well-researched op-eds to our readers and followers, balancing what has become a chronic problem of quasi-journalism in the region
