This landmark initiative will accelerate climate adaptation and sustainable infrastructure across Africa The European Investment Bank (EIB) has committed to join Africa Finance Corporation (AFC) in financing a $750 million Infrastructure Climate Resilient Fund (ICRF). This landmark initiative will accelerate…
Gil Holzman, President & CEO, Eco Atlantic Oil & Gas, will speak at the Invest in African Energy Forum 2025 in Paris, following the company’s recent expansion in the Orange Basin and strategic approach to low-carbon exploration in Africa Gil…
The social bond investment promotes inclusive economic development, particularly for SMMEs with a turnover below R300 million and loan sizes under R40 million The African Development Bank Group and Standard Bank Group (SBG) on Monday signed a landmark financial agreement…
The exemptions, granted under Section 40(1) of the Tax Procedures Code Act, 2014 were based on financial hardships and the strategic importance of the entities to economic development Parliament has approved tax waivers of over Shs9.5 billion for selected local…
KCB Group CEO Paul Russo has been named the African Business Leader of the Year by Africa Leadership Magazine. Russo’s selection followed rigorous and competitive competition on the African continent, with leadership qualities, transformative vision, and outstanding contributions being key…
MTN Uganda has its financial performance report for the first quarter ended 31 March 2024, indicating growth across all segments of the business. According to the report, despite MTN Uganda operating in a difficult business environment characterised by a struggling…
Uganda’s business community is set to strengthen its connections and seize new opportunities as Business Network International (BNI) Uganda hosts the BNI Expo, scheduled to take place on May 31 and June 1, 2024, at the UMA Show Grounds in…
The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this…
Letshego has appointed Aobakwe “Aupa” Monyatsi as Group Chief Executive. Prior to this appointment, Aupa held the same role in an interim capacity from 4 May 2022, having led the inclusive finance entity’s digitalization of systems and operations for the…
On March 30, Stanbic Bank donated Shs 70 Million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge and volunteerism, in their various professional backgrounds. “We live in…
Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…