Settlement with BB Energy restores crude-backed financing access while underscoring the need for careful management of future petroleum revenues Juba, South Sudan | AGENCIES | South Sudan has regained limited access to advance financing against its future crude oil exports after reaching an agreement with commodities trader BB …
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Equity Bank Uganda Steps In to Bridge School Financing Gaps Kampala, Uganda | NEWS CORRESPONDENT | Equity Bank Uganda has concluded its School Bridge Financing campaign with a dedicated education sector engagement held on June 23 at Hotel Africana. The event brought together school proprietors, administrators, and education leaders to …
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Dubai, UAE | THE INDEPENDENT | African electric mobility company Spiro has secured a fresh $55 million investment from Chinese growth-stage fund NewTrails Capital, bringing the company’s latest funding round to $270 million as it accelerates expansion of its electric vehicle and battery-swapping infrastructure across the continent, the company …
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Experts blame outdated credit ratings, underperforming guarantee Instruments, and short-term loans for infrastructure built to last decades COMMENT | ANA M.CAMELO VEGA | In African countries, there’s a gap between the financing available for renewable energy and the projects it’s meant to reach. Funds are not reaching the right …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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The Independent Uganda: You get the Truth we Pay the Price
