Umeme invests USD 4.2m in Luuka
Africa Investment

Umeme invests USD 4.2m in Luuka

Umeme has commissioned another multi-billion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification. The US$ 4,205,623 (about sh15.2b) project, which involved the construction of over a 500km distribution line, with 96 transformers, will benefit up to 1,000 households. The funding is part of the $100m (about […]

Egyptian Businesses Set for AfCFTA at IATF2021
Africa Investment

Egyptian Businesses Set for AfCFTA at IATF2021

Cairo, 7 October 2021: – The organisers of the Intra-African Trade Fair (IATF2021) met with the business community in Cairo, Egypt, on 5 October to raise awareness and encourage attendance to the second Intra-African Trade Fair (IATF2021). Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) […]

Germany Commits €100m Investment for Renewable Energy
Africa Investment

Germany Commits €100m Investment for Renewable Energy

Abidjan, 30 September 2021– The German government will contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 […]

Africa Investment

Uganda Launches Electricity Access to Rural Communities

Iganga, 24 September 2021 – With support from the African Development Bank and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity connection […]