Africa Investment

Museveni Commissions Umeme Upgraded Mbale Substation

President Yoweri Museveni this afternoon commissioned Umeme’s upgraded multibillion Mbale Substation near Bugema. Mr. Selestino Babungi, the Umeme Managing Director, explained that the $17m (about sh64b) modern substation will now make electricity supply in eastern region more reliable resulting from the integration of the new transmission 50MW substation at the Mbale Industrial Park. He said […]

Africa Industry Investment

HFB and AFD Sign a €10.5 Million Agreement Towards Affordable Housing in Uganda.

Kampala, November 13, 2020: Today, Mr. Michael MUGABI, the Managing Director Housing Finance Bank Uganda and Mr. Hatem CHAKROUN, the Agence Française de Développement (AFD) country Director in Uganda have signed two financing agreements to the tune of euro 10.5 million (UGX 46.5 bn). The line of credit and technical assistance aim at supporting the […]

Africa EAC Investment

Uganda: African Development Bank Grants $500,000 for Capacity Development of MSMEs Within The Petroleum Sector

Abidjan, Cote d’Ivoire, 11 November 2020 – The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the East African Crude Oil Pipeline Technical Assistance project. The project’s overall objective is to help develop capacity of local Uganda […]

Africa Investment

Uganda Tops African Countries with Well-Developed Electricity Regulatory Frameworks – ERI 2020 Report

Abidjan, Côte d’Ivoire, 10 November 2020 – Uganda has for the third time in a row emerged as the top performer in this year’s Electricity Regulatory Index Report published by the African Development Bank. The East African country, along with Namibia, Tanzania, Zambia and Kenya, the other top performers, have regulators with the authority to exert […]

In a bid to improve the reliability and the capacity of electricity supply in Northern Uganda, Umeme in collaboration with the Uganda Electricity Transmission Company Limited (UETCL) and Uganda Electricity Distribution Company Limited (UEDCL) together with several partners are executing several projects aimed at boosting quality and reliability of supply in the region.
Industry Investment Resources

Umeme projects on track to improve electricity reliability in Northern Uganda

In a bid to improve the reliability and the capacity of electricity supply in Northern Uganda, Umeme in collaboration with the Uganda Electricity Transmission Company Limited (UETCL) and Uganda Electricity Distribution Company Limited (UEDCL) together with several partners are executing several projects aimed at boosting quality and reliability of supply in the region. Umeme Head […]

Africa Investment Travel

Ethiopian’s New Aviation Infrastructure unveiled – Bole International Airport blends with Modernity and Bio Safety.

Addis Ababa, 25 August 2020 – Ethiopian Airlines Group, the Largest Aviation Group in Africa is pleased to announce that it has successfully completed a new passenger terminal at its hub Addis Ababa Bole International Airport with emphasis on Bio Security and Bio Safety measures. The new terminal has check-in hall with sixty check-in counters, […]

Africa Investment Opportunities

Somaliland, China Agree To Strengthen Long-standing Trade And Social Cooperation.

Odindo Ayieko This was part of the discussions during a meeting between the President of the Republic of Somaliland, Muse Bihi Abdi and a delegation led by the Chinese Representative for Africa-China Cooperation (FOCAC), Ambassador. Zhou Yuxiao at the Presidential Palace. China had intended to use the meeting to forestall the growing diplomatic relations between […]

The World Bank’s Board of Executive Directors has approved $150 million to enable greater access to higher-quality secondary education among Ugandan children in safer and better-equipped learning environments that are also supportive of girls’ education.
Industry Investment Jobs & career

World Bank Pumps $150 Million into Uganda’s Secondary Education

The World Bank’s Board of Executive Directors has approved $150 million to enable greater access to higher-quality secondary education among Ugandan children in safer and better-equipped learning environments that are also supportive of girls’ education. The project is financed by an International Development Association credit of $90 million, and a grant of $60 million from […]

The Uganda Investment Authority (UIA) has predicted a significant decline in both foreign direct investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors, due to the economic crisis induced by the COVID-19 pandemic and shutdown.
Industry Investment

Uganda Investment Authority predicts a decline in investments

The Uganda Investment Authority (UIA) has predicted a significant decline in both foreign direct investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors, due to the economic crisis induced by the COVID-19 pandemic and shutdown. According to the  “UIA Policy Paper on Boosting Investments during and post-COVID-19 Period” that was […]