Discussions centered on innovative strategies for mobilizing African capital, strengthening financial institutions, and leveraging the role of African Multilateral Financial Institutions (AMFIs) in financing critical development sectors On the sidelines of the 38th Ordinary Session of the Assembly of the African…
The Stanbic Bank Economic Insights Forum, a premier event for business leaders, investors, and policymakers, is set to take place on Tuesday, March 11, 2025, in Kampala. This year’s forum will be themed “Globalisation Reshaped-Riding the Waves of Economic Shifts,”…
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…
Airtel Uganda’s recent announcement of a record-breaking interim dividend of Shs100 billion for the quarter ending December 31, 2024, has set new benchmarks for shareholder returns while sending ripples across Uganda’s competitive telecom market. Airtel Uganda, which went public in…
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…
As a key G20 member, Brazil is deepening its energy cooperation with African nations through strategic investments, partnerships and knowledge exchange, with this year’s African Energy Week: Invest in African Energies conference paving the way for greater collaboration As a…
Taking place March 13, 2025, the Invest in African Energies investor forum will explore new opportunities for Chinese companies in Africa The upcoming Invest in African Energies investor forum in Shanghai on March 13, 2025, is set to highlight the…
The upcoming launch of the South African National Petroleum Company reflects a broader trend across Africa, where nations are restructuring their state-owned energy enterprises to attract investment, improve efficiency and enhance energy security The upcoming launch of the South African…
With Chevron’s latest farm-in offshore Namibia highlighting Africa’s investment appeal, African Energy Week: Invest in African Energies 2025 will explore strategies for structuring attractive PSCs and securing high-impact farm-in agreements in Africa’s oil and gas sector Africa’s oil and gas…
International Oil Companies highlighted Mozambique as an attractive investment destination during the African Energy Chamber’s Invest in African Energies: Mozambique Roundtable in Maputo on Thursday Global energy major, ExxonMobil has invested over $20 million in Mozambique as part of its…
TDB Group and Anzana Electric Group (“Anzana”) announce the financial close and first utilization of a portfolio project debt package for two run-of-river hydropower projects in Burundi developed by Songa Energy. This USD 35 million 10.65MW long-term debt financing facility…
The Uganda Tourism Board (UTB) announced today that its outgoing Chief Executive Officer, Lilly Ajarova, has been appointed as a Senior Presidential Advisor on Tourism. Ms. Ajarova, a respected figure in the Ugandan tourism industry, has served as UTB’s CEO…
The National Social Security Fund (NSSF) of Uganda has reported significant returns on its investment in MTN Uganda, the country’s largest telecom operator. According to a recent press release, NSSF has earned a total of Shs 80.6 billion (approximately USD…
The Minister of Gender, Labour and Social Development has appointed Mr. Gerald Paul Kasaato as the substantive Deputy Managing Director of the National Social Security Fund (NSSF), Uganda. His appointment follows a recommendation from the NSSF Board of Directors after…
IFC, a member of the World Bank Group, and Absa Group Limited, a South African-based bank, will provide an up to US$60 million commodity trade finance facility to Volcafe, a leading global green coffee merchant, to strengthen the company’s operations…