Adesina announced the launch on Monday of the Africa Adaptation Acceleration Program (AAAP) to mobilize $25 billion to scale up and accelerate climate change adaptation actions across Africa. The announcement came during the Climate Adaptation Summit (CAS) 2021, hosted by the government of the Netherlands and the Global Center on Adaptation. The AAAP, a joint […]
Taiwan Representative Office in the Republic of Somaliland has officially opened applications for scholarships for Somaliland students. Taiwan envoy to Somaliland Ambassador Allen C. Lou took took time to demonstrate how to apply for the Taiwan Scholarship and the TaiwanICDF Scholarship. This was a follow-up of the signing of the Bilateral Protocol Convention by H. […]
Improved access to schools, hospitals and farms expected to benefit 1 million people in southwestern Uganda Abidjan, Côte d’Ivoire, 3 December 2020 – The Board of the African Development Fund (ADF) has approved a loan of $71.5 million to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance […]
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 […]
“We promise to champion African excellence and deliver a befitting event. We will leave no stone unturned to ensure that this is a seminal event.” – Kenneth Ofori-Atta I would like to assure you of the Bank’s full commitment and availability to accompany the Government of Ghana on this journey – Vincent O. Nmehielle Accra, Ghana, 13 […]
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 […]
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 […]
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 […]
Kampala, Uganda, October 29, 2020 – President Yoweri Museveni has launched the Rwenzori Investment Profiles aimed at publicizing the vast investment opportunities in the Rwenzori Region in western Uganda to both domestic and foreign investors. The President, in a speech delivered by Vice President Edward Sekandi at the Rwenzori Investor’s Roundtable in Kampala, said […]
The Bank of Uganda, at the Monetary Policy Committee (MPC) meeting of October 2020 has maintained the Central Bank Rate (CBR) at 7 per cent. The high-frequency indicators for economic activity in the quarter to September 2020, point to a mild recovery of economic activity with estimated growth of 2 per cent from a sharp […]
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 […]
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, […]
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 […]