PostBank’s Authorized Share Capital to Increase by 400%
Africa Investment

PostBank’s Authorized Share Capital to Increase by 400%

PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods,  has today, held its annual general meeting at the Ministry of Finance, Planning and Economic Development. The shareholders, Ministry of Finance, Planning and Economic Development, also committed to inject UGX. 50 Bn in the bank and push for its capitalization. Speaking […]

PAU, EWURA Strengthen Partnership Ahead of EACOP Project
Africa Investment

PAU, EWURA Strengthen Partnership Ahead of EACOP Project

KAMPALA, Tuesday August 23rd, 2022; The Petroleum Authority of Uganda (PAU) and the Energy and Water Utilities Regulatory Authority (EWURA) of Tanzania have renewed their commitment to jointly cooperate in the regulation and monitoring of the design, construction, operation, maintenance and decommissioning of the East African Crude Oil Pipeline (EACOP) Project. The commitment was re-echoed […]

$9.4 B for Private Sector Development in Africa-IFC
Africa Investment

$9.4 B for Private Sector Development in Africa-IFC

Nairobi, Kenya, July 25, 2022—IFC provided record financing in Africa in fiscal year 2022 helping to develop regional pharmaceutical manufacturing, increase intra-Africa trade, expand access to climate financing, and strengthen food security among many other pressing development needs.  IFC made $9.4 billion in investments between July 1, 2021 and June 30, 2022 across 36 countries, […]

US$6bn Water Investment Programme to transform Zambia by 2030
Africa Investment

US$6bn Water Investment Programme to transform Zambia by 2030

Alex Simalabwi, This week the Zambian Government launches its game-changing US$6billion Zambia Water Investment Programme during the African Union mid-year Summit in Lusaka. The Programme is part of the Continental Africa Water Investment Programme (AIP) that was adopted by African Union Heads of State and Government as part of the Programme for Infrastructure Development in […]

Nigeria Pays USD7.15m for Additional Stake in Shelter Afrique
Africa Investment

Nigeria Pays USD7.15m for Additional Stake in Shelter Afrique

Nairobi:  16 June 2022 – Pan-Africa housing development financier, Shelter Afrique has received USD7.15 million in additional capital subscription from the Federal Government of Nigeria.  · Additional capital subscription places Nigeria just one-percentage point behind top shareholder,  Kenya.  · The Company also received additional capital subscriptions from Swaziland (USD317,854.54) and Burkina Faso (USD34,610.00).  The Additional stake now takes Nigeria’s […]

Ethiopia’s Financial Markets Receive Boost
Africa Investment

Ethiopia’s Financial Markets Receive Boost

Addis Ababa, May 23, 2022: Ethiopia’s financial markets have been boosted by a series of announcements and commitments by Financial Sector Deepening (FSD) Africa, a specialist development agency working to strengthen financial markets across sub-Saharan Africa. Launch of FSD Ethiopia and partnerships with Ethiopia Investments Holding enhances efforts to deliver beneficial development and financial outcomes […]

Janet Museveni Today Commissions the Iconic Bell Tower Reconstruction
Africa Investment

Janet Museveni Today Commissions the Iconic Bell Tower Reconstruction

Nearly two years after the close to the 100-year-old iconic bell tower of the Makerere university administrative building was engulfed in flames and caused widespread public despair, First Lady Janet Museveni will today officially commission the works for its reconstruction and other projects. For decades, any mention of the ‘Ivory Tower’ has been synonymous with […]

AfDB Group Chief Garners Strong Global Support for Africa
Africa Investment

AfDB Group Chief Garners Strong Global Support for Africa

Abidjan, 25 April 2022 – African Development Bank Group President Dr Akinwumi Adesina concluded a three-day official visit to Washington DC on Saturday. Alongside the Spring Meetings of the International Monetary Fund and World Bank, the visit included several bilateral engagements with stakeholders on African development. Adesina garnered broad strong support for a robust 16th replenishment of […]

Air Pollution from Tilenga Activities-Clarification
Africa Investment

Air Pollution from Tilenga Activities-Clarification

KAMPALA, TUESDAY APRIL 14th, 2022: The Petroleum Authority of Uganda (PAU) has noted several media reports regarding air pollution from the Tilenga oil project activities in Buliisa District. The reports indicate that “community members from five villages neighbouring the oil Central Processing Facility in Buliisa District have petitioned the Ministry of Health complaining about the […]

Equity Signs MOU with Uganda National Oil Company
Africa Investment

Equity Signs MOU with Uganda National Oil Company

Kampala, 13 April 2022. Equity Bank Uganda and the Uganda National Oil Company (UNOC), today, signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for MSMEs, clean energy use and environmental conservation sectors. Also, financing will be supplied in support of farmers, […]