MADRID | Xinhua | Spain will recognize a Palestinian state including the Gaza Strip and the West Bank, unified under the Palestinian National Authority and with East Jerusalem as its capital, Spanish Prime Minister Pedro Sanchez announced on Tuesday. Meanwhile, the Israel Defense Forces (IDF) confirmed a “shooting incident” occurred …
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Kampala, Uganda | THE INDEPENDENT | The number 3 most read story on The Independent website in 2023 was the story of Tanzania moving its capital from Dar es Salaam. Tanzania has moved its capital from Dar Share on: WhatsApp
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The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The …
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Second Annual Meeting of Africa Sovereign Investors Forum Kampala, Uganda | AGENCIES | African Development Bank Vice President for Private Sector, Infrastructure, and Industrialisation Solomon Quaynor has called for unity to unlock the potential of African sovereign wealth funds, strategic investment funds, pensions, and life insurance assets, estimated at $2.3 trillion. …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank hopes to strengthen the country’s financial sector by leveraging on the revised minimum capital requirements. The Bank of Uganda said in a statement on July 06 that it is confident that the attainment and maintenance of the revised minimum capital by financial …
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But how ready is Dodoma? Kampala, Uganda | THE INDEPENDEENT | Tanzania designated Dodoma as its new capital in place of the seaside city of Dar es Salaam following a public referendum 50 years ago. Since then, the country has made small steps towards this goal including the relocation of Parliament …
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Some lenders have either voluntarily exited the market or offered themselves for acquisitions to meet the new capital requirements Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has got the nod from the Capital Markets Authority to go ahead with the bonus issue to raise capital to meet the new …
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Kampala, Uganda | THE INDEPENDENT | Indian based Venture Capitalists, Aavishkaar Capital (Aavishkaar) in partnership with KfW, a German state-owned investment and development bank, have unveiled US$ 250 million “ESG First Fund” focused on strengthening the Environmental, Social and Governance (ESG) practice of mid-cap businesses while offering them flexible capital …
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Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common …
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Bunyagabu, Uganda | THE INDEPENDENT | Small scale agro-processors in Bunyangabu District are struggling to operate. They cite lack of advanced machinery, lack of storage facilities, poor road network, high cost of production and insufficient capital, as the major challenges. Deo Musiga, the proprietor of Buka Foods Cottage Limited in Kibiito …
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