Kampala, Uganda | AGENCIES | Telecom firm, Airtel Africa is in talks for a $200 million loan from the International Finance Corporation (IFC), the World Bank’s arm focused on financing private sector ventures in emerging markets. The African subsidiary of Bharti Airtel plans to utilize the funds to cover its capital …
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The east african country is estimated to have only 65% mobile network coverage Kampala, Uganda | THE INDEPENDENT | TowerCo of Africa Uganda, a subsidiary of pan-African telecommunications service provider Axian Telecom, has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank …
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Africa has a combined SACCO membership of more than 43 million, holding about USD 24.5 billion in assets Kampala, Uganda | ISAAC KHISA | In an ever-evolving financial landscape, Savings and Credit Cooperative Societies (SACCOs) are emerging as impactful entities, harnessing influence grounded in community trust and convenience to bring about …
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How did we come so late to the claim of Putin’s megalomania as the cause of European instability? THE LAST WORD | Andrew M. Mwenda | NATO leaders meeting in Vilnius, Lithuania, have resolved that once the war in Ukraine ends, that country will be admitted into the alliance. Since the war began, …
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Arua, Uganda | THE INDEPENDENT | Officials at Muni University have appealed to the government to donate part of the land hosting Arua Central Forest Reserve, commonly known as Barifa Forest for expansion. The University’s acting Vice-Chancellor, Associate Professor Simon Anguma Katrini says that additional land is needed to facilitate the …
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Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …
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Upcountry destinations within Rwanda, more cities across Africa targeted Kampala, Uganda | STEPHEN NUWAGIRA | AC Group, the firm behind the Tap & Go e-payment system on public transport buses in Kigali now plans to expand both within and outside the country. AC Group chief executive officer, Patrick NsengaBuchana, says the …
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Sadolin partners with local investors in expansion plan Kampala, Uganda | STEPHEN MUNEZA | Sadolin opened two more color centers in Ntinda suburb and the industrial area in a bid to expand market reach and consolidate its position in the Ugandan market. The color centers are setup through franchise agreements …
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Kampala, Uganda | ISAAC KHISA | Kamal Budhabhatti is the founder and CEO of Craft Silicon, a Kenyan software company with a local base and global aspirations that is steadily making inroads in the world of financial technology as well as transport. He spoke to The Independent’s Isaac Khisa about their …
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