UGX. 60bn Earmarked for Schools Re-opening-Stanbic
Africa Investment

UGX. 60bn Earmarked for Schools Re-opening-Stanbic

Kampala, Wednesday— January 5, 2022 —Stanbic Bank Uganda has today announced the immediate availability of UGX60billion in hugely discounted ‘booster financing’ to the education sector a move aimed at supporting the ongoing nationwide reopening of schools after nearly two years of inactivity. Lender to also write-off accumulated interest on loans owed by indebted private schools […]

$47.09M Agro-industrial Processing Zone-Mozambique
Africa Investment

$47.09M Agro-industrial Processing Zone-Mozambique

Abidjan, 5 January 2022 – The Board of Directors of the African Development Bank Group has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a Special Agro-Industrial Processing Zone. The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness development in the Niassa province by […]

Africa Cannot Afford a Second Cold War
Africa Opinions

Africa Cannot Afford a Second Cold War

Hippolyte Fofack, CAIRO – More than 20,000 Africans were killed in violent conflicts in 2020, an almost tenfold increase from a decade ago. Concurrently, and perhaps not coincidentally, Sino-American rivalry has escalated sharply. A new cold war, this time between the United States and China, along with other regional security threats, could be disastrous for Africa’s economic […]