The objective of the project is to help reduce rural poverty in Uganda by facilitating access to and utilization of affordable financial and business development services for an estimated 1.4 million rural poor in the country's districts.
United Bank for Africa (UBA) Liberia Limited has signed a $10 million financing deal with Liberia's leading telecom company, Lonestar Limited; a company owned 51% by MTN Communications Limited for a network expansion programme. The deal is one of the biggest single projects financing by a commercial bank in the country and underscores UBA Group's role in project financing across Africa.
The second phase of the Dar es Salaam-Isaka-Kigali/Keza-Musongati Railway project study will cover the existing 970-km Dar es Salaam-Isaka railway link and its extensions.
SUSTAINABLE Capital, an asset manager based in Mauritius, last week launched Africa's first sustainable investment fund, with seed capital from Sanlam Investments.
