The World Bank Group (WBG) has slapped a 30-month ban on Kenya-based Ernst & Young LLP (EY Kenya), which is in connection with sanctionable practices as part of the Somali Core Economic Institutions and Opportunities Program (SCORE) and the Second Public Financial Management Capacity Strengthening Project (PFM II) in Somalia. SCORE was designed to improve the enabling environment for private…
Absa Group Ltd has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. In 2019, MIGA issued capital guarantees worth USD 497 million to Absa Group in support of managing certain climate risks in countries including Ghana, Kenya, Mauritius, Mozambique,…
Parliament of Uganda has approved a request for government to borrow up to US$331.5 million (UGX1.23 trillion), from the International Development Association of the World Bank Group, upon which it…
FutureLink Technologies has been named Platinum winner of Product Innovation of the Year at the 2022 Global SME Finance Forum Awards. This is the first time an African company wins…
Uganda has emerged 4th out of 33 countries who have completed a pan African Robotics Competition in Senegal. The win has also placed Uganda in the first position in East…
By Xiaoyan Liang, Kaboko Nkahiga, Kirill Vasiliev, Annet Kiura, Biruk Gabreyohannes, and Innocent Mulindwa Countries in East Africa, led by Ethiopia, Kenya, and Tanzania, have taken a big step towards…
The International Finance Corporation ( IFC), part of the World Bank Group has appointed Farid Fezoua as the Director of Health & Education. The appointment was made earlier today in…
Last year Parliament approved loans to the tune of UGX18.69 trillion, according to the report detailing the business transacted by the House in the year 2020. The approved loans are…
Jibu, a social enterprise pioneering a powerful franchising model to supply safe drinking water across 7 African countries, has won the Transformational Business Award for Transformational Solutions in Urban Infrastructure. …
The World Bank Board of Directors has approved a grant of $130.8 million from the International Development Association (IDA) to ease the movement of goods and people and improve access to social services and job opportunities in the refugee hosting districts in the West Nile sub-region…
