Nairobi, Kenya | Xinhua | The Africa Export Import (Afrexim) Bank has committed 133 billion shillings (about 1.2 billion U.S. dollars) to fund industrialization in Africa, the bank said on Thursday. Maureen Mba, head of MANSA Initiative, Afrexim Bank told Xinhua in Nairobi that the funds will be made available to …
Read More »Parliament closes with the approval of 5 trillion shillings loans
Kampala, Uganda | THE INDEPENDENT | The 10th Parliament has come to an end with the approval of five loans worth 4.8 trillion shillings in a few days. Parliament’s five-year term concludes today, Tuesday the 11th of May 2021 according to the Speaker Rebecca Kadaga. On Monday, Parliament approved two loans …
Read More »Attorney General denies plan to sell land to gov’t
Kampala, Uganda | THE INDEPENDENT | The Attorney General William Byaruhanga has denied allegations that his company Pine Investments intends to sell 2.2 acres of land at Nakasero to government for the Afrexim Bank project. The land will house the headquarters of Africa Export-Import Bank also referred to as the …
Read More »