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AfDB Signs Shs920bn Deal With ABSA To Address Africa’s Trade Financing Gap

 The African Development Bank (AfDB) has signed an unfunded $250-million (Shs920bn) Risk Participation Agreement (RPA) facility with ABSA - a pan-Africa financial institution with a solid presence in 12 African countries. The 3-year RPA facility was signed November 12, on the sidelines of the Africa Investment Form through its trade

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Quality Chemicals Flags Off First Consignment Of Malaria Medicine To Rwanda

Cipla Quality Chemical Industries Limited (CiplaQCIL) has flagged off the first consignment of anti-malarial drugs to Rwanda as part of the President’s Malaria Initiative (PMI). The company was awarded the PMI contract several months ago to manufacture and supply malaria treatments (Artemether Lumefantrine) to African countries and those outside Africa

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Consumers Grill Telecoms On Service Delivery At Lira Consumer Parliament

It is not often that communications service providers and their regulator jointly subject themselves to public questioning regarding service delivery. The Communications Consumer Parliament in Lira Town last  Friday provided this rare opportunity. As the more than three hundred people who turned up at Margaritha Palace Hotel can testify, the

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FeaturedNewsReal Estate

5-Point Plan For African Gov’ts To Address Housing Finance Shortage

Following the successful completion of their 35th Annual Conference, the members of the African Union for Housing Finance together agreed on a Cape Town Declaration on Housing Finance, at their Annual General Meeting on 6 November 2019.  The 35 active AUHF members expressed their commitment to realising housing affordability across

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Analysis & OpinionsFeatured

IMF: Rwanda Continues To Make Notable Progress In Sustaining High And Inclusive Growth

The International Monetary Fund (IMF) staff team  led by Laure Redifer, visited Kigali during October 31- November 13, 2019 to hold discussions on the first review of Rwanda’s Policy Consultation Instrument (PCI)-supported program. Ms. Redifer issued the following statement at the end of the visit: “Economic activity outpaced expectations in

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European Investment Bank Announces Shs4 Trillion Lending Programme For African Female Entrepreneurs

The European Investment Bank (EIB) has announced a $1.1 billion (Shs4 trillion) lending programme to help women entrepreneurs on the African continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to boost sustainable development on the continent. But the major deal is what

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HARD TIMES! Cipla Quality Chemical Industries Warns Shareholders To Expect Losses

Cipla Quality Chemical Industries Limited (CiplaQCIL), a pharmaceutical manufacturing company in Uganda has issued a profit warning informing shareholders that the company is likely to record losses this year. A profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns investors that

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