Kampala, Uganda | THE INDEPENDENT | The Entrepreneurial Development Bank FMO has extended a $20 million senior unsecured facility to I&M Bank Uganda Limited to expand financing for small and medium-sized enterprises (SMEs), in a move aimed at strengthening business growth and financial inclusion in Uganda. The financing arrangement includes an initial $10 million senior debt commitment, …
Read More »
Kampala, Uganda | THE INDEPENDENT | In a significant boost to Africa’s clean transportation sector, the Dutch entrepreneurial development bank FMO has approved a loan of up to $1 million to Zembo Motorcycles, a Ugandan-based electric mobility company. The funding is aimed at accelerating the company’s mission to provide sustainable, affordable, and efficient transport solutions …
Read More »
European Investment Bank and FMO sign up to renewAfrica covenant Luxembourg, LUX | THE INDEPENDENT | In a continued effort to back the development of renewable energy on the African continent, the EIB and FMO on Wenesday committed to support the “renewAfrica” initiative, championed by RES4Africa. The renewAfrica Initiative is a …
Read More »
Kampala, Uganda | THE INDEPENDENT | Emerging Africa Infrastructure Fund (EAIF) and the Dutch Development Bank (FMO), will provide US $29.3 million to refinance the 13 MW Bugoye hydro-electric power station in Kasese, western Uganda. Bugoye has been generating electricity since 2008 and this power is being feed into the …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
