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TodayThursday, April 23, 2026

African Development Bank- Page 2

STANDING TALL: Double-digit growth in deposits, lending, income and assets underpins yet another profitable year for Centenary Bank, which this year celebrates its 40th anniversary.

CONTINENTAL EXCELLENCE: Centenary Bank listed among African Banker Award nominees for 2022

Centenary Bank has made it to the highly coveted list of over 60 nominees for this year’s African Banker Awards. The African Banker magazine, (a continental business publication) has announced the shortlist
May 4, 2022
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The Covid-19 crisis put the viability of MSMEs under acute pressure and efforts to expand inclusive financial solutions are crucial for a successful recovery. Courtesy photo

Global development finance coalition commits over US$ 5.5 billion for Micro, Small & Medium Enterprises financing in Africa

The coalition for a sustainable and inclusive recovery of the private sector an international group of 20 development finance institutions that came together in 2020, today announced commitments of over USD 5.55 billion of
February 17, 2022
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Minister of Energy and Mineral Development Ruth Nankabirwa launches the launches the US$4.2 million power line in Luuka. Looking on is African Development Bank Country Manager Augustine Kpehe Ngafuan

Umeme invests UGX15.2 billion to power communities in Luuka

Umeme has commissioned another multibillion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification. The US$ 4,205,623 (UGX15.2 billion) project, that involved the construction
October 12, 2021
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Minister of Energy and Mineral Development Ruth Nankabirwa launches the last mile connections of 87,500 customers in Luuka district. Looking on is African Development Bank Country Manager Augustine Kpehe Ngafuan

More than 87,000 to get connected as Government hands over materials to Umeme for last mile connections

The Government of Uganda has secured $100m (UGX360 billion) funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme footprint. Up to 87,500
September 15, 2021
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Equity Group managing director and CEO Dr James Mwangi. he says that Covid-19 acted as a tailwind to their efforts of digitising the business.

Equity Group Holdings Plans Trans-Africa Expansion with US$100m Loan from African Development Bank

Equity Group Holdings (EGH) has signed a USD $100 million (UGX364 Billion) loan facility to support its expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises
April 11, 2021
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