News, Stories, Events, & Trends that shape the Eastern African region
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative solutions
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Despite being largely responsible for the worsening climate crisis in East Africa, rich nations paid Ethiopia, Kenya, Somalia and South Sudan just $2.4 billion in climate-related development finance in 2021, in stark contrast to the $53.3 billion East Africa says it needs annually to meet its 2030 climate goals. Oxfam’s “Unfair Share” report published today,
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In the heart of Uganda’s urban hubs, supermarkets have transcended their traditional role as mere shopping destinations, emerging as pivotal contributors to the country’s economic development. Beyond the aisles stocked with essentials, these retail giants hold the potential to invigorate local economies, empower communities, and drive transformative change. Uganda’s Evolving Supermarket Landscape Amidst a global
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Growth In Assets Of 23% To Reach Kshs.1.645 trillion.
Net Loans Register 26% Growth
Subsidiaries Contribute 46% Total Assets And 45% Profit Before Tax
27.7% Return on Equity