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, […]

Tanzanian President Wins the 2022 Babacar Ndiaye Trophy
Africa Investment

Tanzanian President Wins the 2022 Babacar Ndiaye Trophy

Abidjan, 7 April 2022 – Tanzanian President Samia Suluhu Hassan has been named the 2022 winner of the Africa Road Builders–Babacar Ndiaye Trophy. The prize is awarded to leading figures in Africa who have demonstrated their commitment to the development of transport infrastructure on the continent. The selection committee for the award commended Hassan for her “personal […]

AfDB Pledges $2.8B to South Africa
Africa Investment

AfDB Pledges $2.8B to South Africa

Johannesburg, 24 March 2022 – African Development Bank Group President Dr. Akinwumi A. Adesina has pledged his institution’s support for South Africa, announcing a $2.8 billion package for the country over the next five years. Some $400 million (ZAR 6 billion) will support South Africa’s Eskom and the country’s energy transition. Adesina was speaking at the […]

Stanbic Bank Retains 22% Bancassurance Market Lead
Africa Investment

Stanbic Bank Retains 22% Bancassurance Market Lead

Bancassurance contributed UGX103.5billion to the UGX1.1trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22 percent to consolidate its position as a market leader. Bancassurance is the sale of life assurance and other general insurance products through commercial banking institutions; in 2020, bancassurance sales contributed only UGX32bn […]