Uganda's State Minister for Investment Evelyn Anite (4L) with the New Board Members of Uganda Investment Authority.
Industry Investment

‘Investors’ mortgaging Uganda Industrial Park Land

Uganda’s State Minister for Investment Evelyn Anite has tasked the New Board of Directors of Uganda Investment Authority to attract high-quality Foreign Direct Investments saying such investments will attract decent jobs and add value. The Minister said for many years, Uganda has attracted some quack investors who, instead of carrying out investments on land freely […]

The Memorandum of Understanding (MoU) addresses the country’s energy and infrastructure sectors.
Africa Industry Investment Resources

Ethiopia collaborates with Siemens to address urgent energy challenges

Siemens has announced that it has signed a Memorandum of Understanding (MOU) with the Federal Democratic Republic of Ethiopia to support the government’s objective of becoming a low middle-income country by 2025. The Memorandum of Understanding (MoU) addresses the country’s energy and infrastructure sectors. Other key aspects of the agreement include financing concepts that will […]

From a development perspective, the Bank investment will provide growth capital to African SMEs
Africa Industry Investment Opportunities

AfDB Approves €12.5m Fund for SMEs in Francophone West Africa

ABIDJAN – The Board of the African Development Bank has approved a€12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises ( SMEs)  in Francophone West Africa. With a target fund size of €75 million, the Fund will take minority stakes in SMEs that are […]

Electricity distributor Umeme Ltd has set aside US$70million (Ush230billion) to upgrade its infrastructure network this year despite having just six years to the end of their current concession.
Industry Investment Resources

Umeme sets aside US$70 million for network upgrade despite contract uncertainty

Electricity distributor Umeme Ltd has set aside US$70million (Ush230billion) to upgrade its infrastructure network this year despite having just six years to the end of their current concession. The company, in 2005, was given a 20 years concession to maintain, manage and distribute power in Uganda, which concession is due to end in 2025, six […]

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo.
Africa Industry Investment

Taxify re-brands to ‘Bolt’

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo. The update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing, with cars and motorbikes, to scooter sharing. Speaking on why the company chose to make the […]