Author: Massamba KANE

2024 was particularly challenging for Umeme Limited, the main electricity distributor in Uganda. The company announced on Friday, June 13 a net loss after taxes of 511 billion Ugandan shillings ($140 million) in 2024, a first in several years, marking a turning point in its economic model as it approaches the end of its concession. In 2024, Umeme recorded a revenue of 2,314.77 billion Ugandan shillings, up 5.4% from 2,196.36 billion in 2023. Gross profit also increased by 10.1%, reaching 821.88 billion, compared to 746.72 billion the previous year. These performances illustrate commercial resilience, despite the upcoming end of the…

On the sidelines of Expo Universal Osaka 2025, Ivory Coast organized an international economic forum on June 12, 2025, under the auspices of the Center for Investment Promotion in Ivory Coast (CEPICI). In front of a group of Japanese investors, diplomats, and business leaders, the Minister of Commerce and Industry, Dr. Souleymane Diarrassouba, presented the National Development Plan (PND) 2021-2025, estimated at $100 billion (56,570 billion CFA francs), 75% financed by the private sector. This initiative aims to accelerate the industrialization and economic transformation of the country, while consolidating sustainable strategic partnerships, away from aid logic. “We are not looking…