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 […]
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 […]
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, […]
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 […]
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 […]
Kampala, June 8, 2022 – TotalEnergies EP Uganda has today launched the Tilenga Biodiversity Program, an initiative aimed at protecting and conserving biodiversity in and around the Tilenga project area. The Biodiversity Action Plan is hinged on four key pillars. • Reducing human pressures and strengthening the ecological resilience of the Murchison Falls protected area […]
The world’s largest insurance broker, Marsh McLennan, has broken ranks and agreed to arrange cover for the proposed East African Crude Oil Pipeline (EACOP) which will ferry the commodity from Uganda’s western oilfields to the Tanzanian port of Tanga. However, in light of the opposition to development of new carbon projects amidst mounting concerns about […]
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 […]
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 […]
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 […]
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 […]
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, […]
KAMPALA, April 13th, 2022: As Uganda gears up to become a regional oil-producing economy, works on the critical oil and gas infrastructure have progressed significantly. This observation was made by Dr. Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PS/ST) while on a three-day working field visit to the oil and gas operational […]