Nairobi: 10 May 2021 – Pan-African housing development financier Shelter Afrique has signed a Memorandum of Understanding (MOU) with Juba-based real estate firm, Triangle Real Estate to develop 26,000 housing units for South Sudan Defense Forces at an estimated cost of USD1.5bn through a public-private-partnership special purpose vehicle. The MOU was signed in Nairobi by Shelter Afrique Chief […]
Kampala, Uganda – 27th April 2021: Portman Square Limited signed an agreement with Marriott International to debut the Four Points by Sheraton brand in Uganda. Scheduled to open in 2022, Four Points by Sheraton Kampala will reflect the brand’s promise of ‘travel reinvented’, providing everything that matters most to today’s independent travelers who seek balance […]
https://www.gco.gov.qa/en/Qatar is looking at the Republic of Somaliland as a key trade and development partner in the Horn of Africa. In line with this, the Qatar government is at an advanced stage in plans to open a diplomatic mission in the Somaliland capital, Hargeisa and appoint an ambassador to head it. This was part of […]
Kampala 20th April 2021: Japan International Cooperation Agency (JICA) in partnership with the Ministry of Science, Technology and Innovation and The Innovation Village has awarded three Ugandan Start-ups for their innovative business models and technologies in response to changes in social and economic activity following the arrival of the COVID-19 pandemic. These startups won the Uganda […]
Eric Xu, Huawei’s Rotating Chairman said Huawei is optimizing its portfolio to boost business resilience to cope with the uncertainty brought by geopolitical tension, the resurgence of COVID-19, and US bans. Eric Xu made the statement when delivered a keynote speech at the company’s 18th Global Analyst Summit. More than 400 people, including industry and […]
KAMPALA: 13th April 2021 – The recent conclusion of key oil and gas agreements has opened up opportunities for the participation of Ugandans. Speaking at a press conference, Dr. Kitutu Kimono Mary Goretti (MP), the Minister of Energy and Mineral Development (MEMD) highlighted specific areas that are now a reality for Ugandans who would like […]
Partners of the Lake Albert development project concluded the final agreements required to launch this major project. Present during the signing ceremony held yesterday in Entebbe, was, Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of Total, as well as […]
Kampala, Uganda; Wednesday, 31st March 2021: Stanbic Uganda Holdings Limited (SUHL) to which Stanbic Bank Uganda Limited (SBU) is a subsidiary, published its 2020 full-year results, with profit after tax of UGX 242 Billion. Andrew Mashanda, Chief Executive of Stanbic Uganda Holdings Ltd said, “2020 was quite a challenging year given the impact of the […]
The new Africa Centre of Excellence for Sustainable Cooling and Cold Chain (ACES) has taken a major step forward in Rwanda with a $3.5 (£2.4 million) million funding boost. The UK Government’s Department for Environment, Food & Rural Affairs (DEFRA) earmarked this contribution for the Centre’s design and technology kit-out, supporting the work of British universities (Birmingham, […]
Abidjan, 23 March 2021 – The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component. The fund will be capitalized through a combination of CAD 122.9 million ($104.8 […]
The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The north of Angola has a surplus of more than 1,000 […]
Mbarara, Uganda: In line with the government of Uganda’s agenda to boost industrialization, the Uganda Investment Authority (UIA) provides serviced industrial and business parks to investors across the country. These Parks ease access of land to investors, create more jobs, introduce new research and technology, boost skills developments and increase Uganda’s exports base. It […]
Somaliland’s Berbera Port on Monday received three new ship-to-shore container cranes – the first of their kind in the region. The arrival of the STS cranes, according to the CEO of the Port Authority, Saeed Hassan Abdullahi, makes Berbera port ready to take up its role as a competent African hub for trade inbound to […]