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M-Pesa now Working with China’s WeChat

- December 4, 2018

Tens of millions of people using Kenya’s dominant mobile money service M-Pesa will now be able to transfer cash to over a billion active...

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Humphrey Asiimwe, CEO, Uganda Chamber of Energy and Minerals (UCEM) will speak at this year’s African Energy Week (AEW): Invest in African Energies 2025, which returns to Cape Town from September 29 to October 3. With extensive experience in energy policy, local content development and regional cooperation, Asiimwe is set to provide key insights into Uganda’s expanding oil, gas and mineral sectors and the private sector’s role in driving sustainable industrial growth. His participate comes as Uganda’s energy and minerals sectors continue to gain momentum. In the oil and gas industry, the East African Crude Oil Pipeline has surpassed 58% overall progress, with engineering works nearly complete and over 2,400 personnel – 90% of them Ugandan – employed on the project. The 1,443-km heated pipeline – set to be the longest of its kind globally – will transport crude oil from Uganda’s Lake Albert basin to Tanzania’s Port of Tanga, positioning Uganda as a regional oil producer. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. Uganda’s mining industry is also undergoing a significant transformation. The country recently signed its first-ever Mineral Production Sharing Agreement for the redevelopment of the Kilembe copper-cobalt mine and launched a state-owned mining company to manage equity interests and promote domestic value addition. Uganda is seeking strategic partnerships and private investment to unlock large deposits of gold, copper, cobalt and rare earth elements, critical for clean energy technologies. Under Asiimwe’s leadership, UCEM has helped secure over $2.1 billion in local oil and gas contracts for Ugandan companies and facilitated the training of over 7,000 nationals in petroleum-related fields. He continues to champion policy harmonization across East Africa to unlock financing opportunities, enable small- and medium-sized enterprise participation and enhance regional cooperation. “Humphrey Asiimwe has played a central role in driving local participation, aligning regional policies and shaping sustainable energy growth through strategic partnerships and private sector leadership. His efforts have created real opportunities for Ugandan businesses and workers alike and he continues to be a key voice for local empowerment and long-term industrialization in East Africa,” states Tomás Gerbasio, VP of Commercial and Strategic Engagement, African Energy chamber.

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Tag: Wechat

M-Pesa now Working with China’s WeChat

MOST POPULAR

I&M Bank Extends Partnership with Backbase to Drive Digital Transformation and...

SasaPay, Oma Launch Special Payment Solution For Electric Buses

Uganda’s Energy Future to Take Center Stage with Uganda Chamber of...

Over 200 graduates emerge from the Ecobank Group and AUDA-NEPAD MSME...

HOT NEWS

Radisson Blu Hotel, Nairobi Upper Hill and Humming Bird Transport Partner...

Designing Competitive Tenders for Africa’s Upstream Markets

IHG® debuts upscale brand, voco™ in Africa with Valor Hospitality Partners...

Shelter Afrique Eyes Sovereign Lending Market

EDITOR PICKS

Radisson Hotels launch Long Stays

S&P Global Ratings Confirms ShafDB’s Sustainability Finance Framework Meets International Green...

Airtel Money deepens support for small businesses with Bizna Wallet

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Third Africa Islamic Finance Forum Confirmed for Nigeria March 2018

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