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 […]

US$42.1B Trade and Investment Deals Generated at IATF 2021
Africa Investment

US$42.1B Trade and Investment Deals Generated at IATF 2021

Durban, 29 November 2021 – The second Intra-African Trade Fair (IATF 2021) generated a record-setting US$42.1 billion in trade and trade-related investment deals, according to the latest tally released today by the IATF Advisory Council. The latest figures captured additional data submitted by Trade Promotion Agencies of Algeria, Nigeria and South Africa. Organised by African Export-Import Bank (Afreximbank), […]

US$250M Seed Capital For Sub Sovereign Governments 
Africa Investment

US$250M Seed Capital For Sub Sovereign Governments 

Durban, 19 November 2021 – African Export-Import Bank (Afreximbank) has committed US$250 million as seed capital towards the establishment of an African Sub Sovereign Governments Network.  Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank made the announcement yesterday during an inaugural conference of the Sub Sovereign Governments at the Moses Mabhida […]

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 […]