Kampala, Uganda | THE INDEPENDENT | Exim Bank Uganda has launched “Deals Move with Exim Trade Finance Solutions,” a new trade finance campaign aimed at enabling businesses to operate without interruption and seize opportunities in an increasingly competitive market, it said in a media release dated Apr.9. Trade finance is critical …
Read More »Gulf shock, African shield
Afreximbank deploys $10 billion to cushion economies from a new global disruption Cairo, Egypt | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, has approved a $10 billion emergency facility to shield African and Caribbean economies from the fallout of escalating tensions in the Gulf, as policymakers race …
Read More »East African crude oil pipeline project secures massive financial injection from African banks
EACOP Ltd announces the closing of the first financing tranche for the East African crude oil pipeline project Kampala, Uganda | THE INDEPENDENT & URN | EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to …
Read More »Future-fit financing for African mining hinges on ESG
COMMENT | Dean Hack & Chetan Jeeva |The world is rewriting its rulebook. It’s no longer just about what you produce but how you produce it. For resource-rich regions like Africa, the implications are profound: the value of its vast reserves of critical minerals is now tied not only …
Read More »Wealthy countries agree to $300bn climate financing
Baku, Azerbaijan | THE INDEPENDENT | Major countries of the world have agreed to pay $ 300 billion each year for the next 10 years to climate financing to help mitigate global climate changes. Sitting in Baku Azerbaijan, the United States, the United Kingdom, the European Union, and Australia among …
Read More »UDB champions green financing in Africa
Domestic banks, pension funds and financial institutions play a critical role in mitigating these climate-related risks and providing partners with the tools to invest with confidence ANALYSIS | THE INDEPENDENT | State-owned development financing institution, Uganda Development Bank on Nov.15 convened a high-level meeting with key stakeholders on the sidelines of …
Read More »How G7 leaders can unlock financing for Africa
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 …
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