Africa Opportunities

Umeme Signs MoU with Directorate of Industrial Training (DIT) to Promote Skilling

Utility company Umeme Limited has signed a memorandum of understanding with the Directorate of Training (DIT) to promote skilling of underprivileged communities. The partnership aims to expand the scope of Pamoja project, a Umeme initiative which is aimed at building trust and developing productive linkages within while facilitating access to safe, clean and reliable power. […]

Africa Opportunities

African Development Bank, Partners, Agree to Strengthen Commitment to Gender Equality

Bank Director for Women, Gender and Civil Society at Finance in Common summit online panel highlighted the Bank’s commitment to achieving gender equality.  Abidjan, Cote d’Ivoire, 13 November 2020 – Under the theme “Development Banks as Actors for Change towards Gender Equality,” the African Development Bank’s Director for Gender, Women and Civil Society, Vanessa Moungar, joined high-level […]

Africa Industry Investment

HFB and AFD Sign a €10.5 Million Agreement Towards Affordable Housing in Uganda.

Kampala, November 13, 2020: Today, Mr. Michael MUGABI, the Managing Director Housing Finance Bank Uganda and Mr. Hatem CHAKROUN, the Agence Française de Développement (AFD) country Director in Uganda have signed two financing agreements to the tune of euro 10.5 million (UGX 46.5 bn). The line of credit and technical assistance aim at supporting the […]

Africa EAC Investment

Uganda: African Development Bank Grants $500,000 for Capacity Development of MSMEs Within The Petroleum Sector

Abidjan, Cote d’Ivoire, 11 November 2020 – The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the East African Crude Oil Pipeline Technical Assistance project. The project’s overall objective is to help develop capacity of local Uganda […]

Africa Investment

Uganda Tops African Countries with Well-Developed Electricity Regulatory Frameworks – ERI 2020 Report

Abidjan, Côte d’Ivoire, 10 November 2020 – Uganda has for the third time in a row emerged as the top performer in this year’s Electricity Regulatory Index Report published by the African Development Bank. The East African country, along with Namibia, Tanzania, Zambia and Kenya, the other top performers, have regulators with the ity to exert […]

Africa Opportunities

48th EAST AFRICAN REVENUE ITIES (EARACGs) MEETING COMMUNIQUE

 11th November 2020, The East African Revenue ities’ Commissioners General meet twice a year with the objective of sharing experiences and addressing common challenges facing tax administrations in the Region. The 48th East African Revenue ities Commissioners General meeting was held virtually due to the new working arrangements under the COVID-19 pandemic. The meeting was hosted […]

Africa Opportunities

Digital Energy Festival for Africa on Continent’s ‘Staggering’ Hydropower Potential

“No development partner and country can do it alone” Hydropower plays a key role in all of the African Development Bank’s High 5 priority areas that are intended to support the continent’s achievement of the UN Sustainability Goals. This is according to Batchi Baldeh, director of power systems development at the AfDB, who took part in […]