The European Investment Bank (EIB) just announced US $78 million in financing for four new projects it is backing, including 3G and 4G expansion for Telekom Kenya Ltd. and support of the Medical Credit Fund across the continent.
Uganda Tender and Business News
According to consulting group PwC's just-released annual Africa Oil & Gas Review, the outlook for the continent's oil and gas industry is favorable over the near term. The reason is the industry has been aggressively cost-cutting as price pressures grew tighter.
The European Union just awarded the Government of Uganda a grant of $23.8 million to rebuild a once very important 375 kilometer stretch of railway known as the Tororo-Gulu line.
The African Development Bank has launched a new global program to turn the African Savannah from its current status as "Sleeping Giant" to becoming the cradle of the continent's green revolution.
To support a long-term government objective to improve reliability of the power supply in the country, the government of Uganda just announced a plan to invest $4.5 billion over the next ten years in its electricity transmission and distribution network.
After many complaints from opposition and civil society leaders, the government of Uganda has formally withdrawn a bill which would have allowed it to acquire land from private owners – even without their approval.
The African continent’s emphasis on new hydroelectric power could put it in serious trouble as climate change drives temperatures up and dries out waterways.
Whistleblowing is risky enough almost anywhere, but now that Tanzania implemented its online content communication starting in June, even some of the boldest are pulling back to protect themselves.
German pharmaceutical company Boehringer Ingelheim recently announced a new initiative targeting providing quality human and animal healthcare within the African continent. It's called "In Reach Africa".
Egypt is providing a grant to build a new 4 MW solar power plant in Uganda. When finished, it will be the third largest power station in Uganda.
Hapag-Lloyd, a major shipping company based in Hamburg, Germany, announced an expanded focus on the growing market in East Africa with a number of new routes now available for marine-based shippers.
When countries in Africa clashed in the past, there was little in the way of alternative to war and inter-tribal battles. Softer approaches to conflict resolution are now replacing that, starting with the border regions in Eastern Africa.
The "In Reach Africa" program, an initiative targeted at providing quality and innovative human and animal healthcare access across the African continent, was just launched by Boehringer Ingelheim, a major global pharmaceutical company based in Germany.
Tugende Limited, a small business lending and transportation company operating in Uganda, has received a $5 million loan from the United States Overseas Private Investment Corporation (OPIC), to help fund lease-to-own financing to motorcycle taxi drivers.
In a decision released on July 27, the Kenyan High Court judge Msagha Mbobholi ordered the government to pay 16 traders in the East African Freight Forwarders Association $63 million for damage to trucks and goods lost during rioting and more after the 2007-2008 elections.
As the 10th BRICS summit held in July 25-27 in Johannesburg reached its conclusion, Chinese President Xi Jinping called for deepening the friendly and mutually beneficial cooperation between his country and that of Uganda.
The Uganda Development Bank (UDBL), a unique financial enterprise which was in fact the first development finance institution established by the Government of Uganda in 1972, has been granted a US $20 million loan by the African Development explicitly to support the higher-risk investment needs of small-to-medium enterprises.
Uganda's Strategic Towns Water Supply and Sanitation Project (STWSSP) just received a US $62 million concession loan from the African Development Bank.
A new 5-month, modular training and development program to build business and leadership skills, the Amani Leadership and Management for Impact program (ALMI) is being launched in Uganda. It is targeted at managers of small and medium businesses across East Africa.
The Africa Financial Sector Deepening Fund, a financial instrument designed to strengthen the capital base of local financial institutions and stimulate Africa's corporate bond market, just received a US $10 million investment from the African Development Bank.
On May 30, the parliament of Uganda approved a major overhaul of its excise tax system. Effective July 1, all citizens using social media and related services, plus anyone using mobile banking, will be charged taxes just for accessing the services. The tax is being raised mostly to help fund public services.
The UK-based Royal United Services Institute (RUSI) hopes to curb illegal wildlife trade in East and Southern Africa, by focusing a new research and training program on disrupting the money flow connected with that trade.
According to Bowmans, a Pan-African law firm with a primary headquarters in South Africa, the East African economy has grown so much and matured so that large brand owners are taking to courts to protect their brands and other intellectual property.
The Commonwealth Countries in Africa will be showcasing their successes and challenges in recovering millions of dollars from criminal and corrupt officials, during the upcoming 8th Commonwealth Conference on Heads of Anti-Corruption Agencies in Africa.
Uganda's Communications Commission (UCC) has selected Intelsat satellite services and Gilat Satellite Networks's ground infrastructure for an advanced 3G wireless communications infrastructure installation across the country.