African countries pay interest rates eight times higher than those of the typical World Bank loan COMMENT | WILLIAM RUTO | Climate change continues to ravage Africa, which is enduring extreme weather and natural disasters on an unprecedented scale. My own country, Kenya, has just emerged from its longest drought on …
Read More »New financing tool aims to increase access to lifesaving mosquito nets
The Revolving Facility will negotiate improved supply terms for health products using advanced market commitments, including volume guarantees, to drive more affordable access and innovations at greater scale Kampala, Uganda | AGENCIES | More people in some of the world’s poorest communities will have access to quality health products such as …
Read More »Navigating automotive financing options: A comprehensive guide for prospective car buyers in Uganda
Kampala, Uganda | THE INDEPENDENT | Owning a car is a significant milestone for many Ugandans, providing convenience, freedom, and mobility. However, with the rising cost of vehicles, navigating the world of automotive financing becomes crucial for prospective car buyers in Uganda. Understanding the various financing products available and choosing …
Read More »Millennials lead in car purchases on loan
Kampala, Uganda | ISAAC KHISA | Ugandan’s are now embracing use of loans to acquire cars of their choice as they strive for a convenient transport means. Faith Margaret Naikayu, the Commercial Manager at Autochek Uganda, a digital car financing marketplace in an interview spoke about the new trends in car …
Read More »Afreximbank, EIB unveil €200m pharmaceutical financing scheme for sub-Saharan Africa
Kampala, Uganda | RONALD MUSOKE | The European Investment Bank (EIB), the world’s largest multilateral bank, and Afreximbank, the pan-African multilateral financial institution, have joined hands to finance healthcare and pharmaceutical manufacturing projects across sub-Saharan Africa in an attempt to strengthen health resilience on the continent. The new €200 million healthcare …
Read More »Uganda to benefit from cheaper, de-risked World Bank financing
KAMPALA | THE INDEPENDENT | Uganda is one of several countries in Sub-Saharan Africa that stands to benefit from a new World Bank financing facility that aims to support private sector access more affordable capital for investment. Under the 18th replenishment of the International Development Association (IDA18) – the World …
Read More »UN chief says $100 bln climate fund far from guaranteed
United Nations, United States | AFP | UN Secretary-General Antonio Guterres on Friday said a $100 billion annual fund to help developing countries tackle climate change was crucial to achieve the goals of the Paris climate deal. “We need to mobilize the agreed $100 billion annually for developing countries,” Guterres …
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