Kampala Uganda, 7th January 2022. Equity Bank Uganda has officially launched the Equity Leaders Program (ELP) by admitting its first cohort of 123 top-performing scholars from the 43 Districts where the Bank has a branch presence. The launch of the Equity Leaders Program, a mentorship and leadership development program, plays a significant role in extending Equity […]
Early this week, TotalEnergies EP Uganda launched an online talent search that will eventually see employment of Ugandans for key positions in the drilling operations at its Tilenga oilfield in western Uganda and fast-track its commitment to National Content Development. Dubbed the Tilenga Massive Open Online Courses (Tilenga MOOC), it is a free online program to […]
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 […]
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 […]
In 2022, the Ugandan economy is expected to benefit from a raft of foreign investments ultimately intended to make the country a commercial oil producer within the next three to four years. Backed by a government policy to encourage local participation, Ugandan companies could earn up to $1.5 billion from contracts associated with the development […]
Nairobi, 4th January 2022. Equity Group has acquired a US$ 165 million (Ksh 18.6 billion) loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges. The loan from IFC, which is a member of the […]
WASHINGTON, December 20, 2021—The World Bank approved $200 million to help the Government of Uganda mitigate the effects of COVID-19 on private sector investment and employment and to support new economic opportunities, including in refugee and hosting communities. Of this amount, $96 million is a credit from the International Development Association (IDA) while $104 million […]
Kampala, Monday, December 20th, 2021: Power distributor Umeme connected 125,000 new customers to the grid in the 11 months to November 2021. This represents a 54% growth in new connections from 57,000 recorded in the same period in 2020. “Of the 125,000 connected customers, 53,000 were self-funded and the remaining 72,000 through the Government-subsidised programme […]
Kampala, 17th December 2021- Airtel Uganda in partnership with Buganda kingdom have today relaunched the Airtel K2 partnership. This was revealed at a press briefing held today at Bulange in Mengo. Starting in August 2018, the Airtel K2 partnership saw the integration of K2 customers into the Airtel fold under the number ranges 708 and […]
The LC5 Chairperson of Busia, Mr Stephen Wasike Mugeni has asked Ugandans to buy shares in Umeme to benefit from the good performance of the Utility. Wasike, while speaking at the opening of the Busia Service Centre this week said Umeme’s performance over years was glowing and the locals should be part of the success […]
Abidjan, 16 December 2021 – Ethiopian President Sahle-Work Zewde met with African Development Bank President Dr. Akinwumi A. Adesina while on a working visit to Côte d’Ivoire. Meeting Thursday at the Bank’s headquarters in Abidjan, they discussed Ethiopia’s current and post-Covid-19 development priorities. Describing the African Development Bank as Ethiopia’s development partner of choice, President Zewde commended the […]
Lagos, Nigeria: The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme. The 2021 beneficiaries were selected from a pool of over 400,000 applications, based on their innovation, performance, and growth potential to create jobs and eradicate […]
Abidjan, 14 December 2021 – A $210 million loan approved by the African Development Bank’s Board of Directors on Monday could impact the lives of millions of people in Africa’s most populous country. The loan will co-finance Phase 1 of the Nigeria Special Agro-Industrial Processing Zone Program. The program will help to unlock Nigeria’s agriculture sector […]