Uganda
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Fintech Firm JUMO Gives US$2.5b Credit To Their Markets In Africa And Asia
AFRICA – Fintech firm JUMO, has extended over US$2.5-billion in credit in their six markets in Africa and Asia. A statement released by the company says…
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CrossBoundary Energy Raises $40M To Scale Financed Solar for Businesses In Africa
Pan African energy firm driving energy transition across the continent, CrossBoundary Energy is currently operating or delivering $57M in assets, serving 20 customers across…
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Uganda MSMEs Receive $500 000 Grant
The African Development Bank has collaborated with the Government of Uganda to sign a $500 000 grant agreement to support micro,…
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25 Young African Agripreneurs Advance To ‘Boot Camp’ In The African Development Bank’s $120,000 AgriPitch Competition
(AfDB ) – Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s…
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Uganda Approves US$575m Tullow Stake Sale To Total
UGANDA – Tullow Oil has received an approval from the Ugandan government for the sale of a $575 million stake in an oil…
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Why Africa's Animation Scene Is Booming
Nigerian animator Ridwan Moshood was so determined to learn how to make cartoons, he spent hours in internet cafés in…
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TLG Capital Acquires 49% Stake In Opportunity Bank Uganda Ltd
UGANDA – TLG Capital (TLG) has announced the purchase of 49% stake in Opportunity Bank Uganda Ltd (OBUL), a tier commercial…
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Africa’s Mobile Industry Contribution To GDP To Expand To US$184Bn By 2024- GSMA
AFRICA – Africa’s mobile industry which currently contributes US$155 billion to the continent’s Gross Domesitc Product (GDP) is expected to expand…
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Ugandan arm of Ciel Healthcare receives $6.5 million from shareholders, including IFC
The International Finance Corporation (IFC) approved a $4 million loan to International Medical Group (IMG), the Ugandan subsidiary of Ciel Healthcare,…
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Ugandan Fintech Startup Eversend Raises $706k Through Crowdfunding
At a time when investors are conserving their cash, Ugandan digital-only finance platform, Eversend, which is providing cross-border money transfers…
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