Aircraft might turn out to be difficult to maintain, finance and resell Kampala, Uganda | ISAAC KHISA | On July 18, Uganda’s aviation sector marked a new beginning. The government signed agreements with two aircraft manufacturers, Airbus and Bombardier, for delivery of six airplanes during the Farnborough Air Show, ahead of …
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Kampala, Uganda | ISAAC KHISA | High operating profits coupled with lower financing costs helped the tobacco maker, British American Tobacco, to record a 77% rise in net profit to Shs6.2bn for the half year ending June 30. The latest financial results shows that the company recorded an increase in the …
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The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …
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Kampala, Uganda | ISAAC KHISA | Pan-African lender, United Bank for Africa, plans to roll out its mobile banking platform mid this month and later agent banking to facilitate customer convenience and also tap into the unbanked population. UBA Uganda CEO Johnson Agoreyo said the lender is in the final stage …
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Kampala, Uganda | ISAAC KHISA | The cairo-based African Export-Import Bank (Afreximbank) has entered into an agreement under which the African Development Bank will provide it with a $500,000 grant from its African Private Sector Assistance (FAPA) programme to be used in supporting emerging factoring firms in Africa. A factoring …
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Afreximbank is expected to provide finance to export projects in manufacturing, mining, infrastructure and related ventures Nairobi, Kenya | ISAAC KHISA | The African Export-Import Bank (Afreximbank) has ditched Nairobi in favour of Kampala to set up its regional headquarter. Benedict Oramah, the bank’s president, told The Independent in an …
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Albert Muchangais the commissioner for trade and industry at the African Union.He spoke to The Independent’s Isaac Khisa on the progress made with the planned African Continental Free Trade Area on the sidelines of Afrexim bank’s 25th Anniversary and Annual General Meeting recently held in Abuja, Nigeria. What progress have you registered in the implementation of AfCFTA? We are making good progress. In March this year in Kigali, Rwanda, we had 44 …
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Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) and the World Trade Center Miami Inc (WTCM) have signed a three-year memorandum of understanding that will enable the two institutions benefit from each other’s knowledge, experience and capabilities in pursuing the expansion of US-Africa business relationships. The MoU …
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Abuja, Nigeria | ISAAC KHISA | The African Export-Import Bank (Afreximbank) entered into a cooperation with an Angola-based pan-African conglomerate, Aenergy, to develop a low carbon sustainable economy and a climate finance strategy to support projects and national initiatives in the sector across Africa. The cooperation agreement, signed on …
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Lagos, Nigeria | ISAAC KHISA | The Nairobi-based African Trade Insurance Agency (ATI) has urged the African countries to focus on de-risking their economies to drive future investment growth. This was revealed during the Afreximbank’s 2018 Annual Meetings and 25th anniversary celebrations in Abuja, Nigeria. ATI’s Chief …
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