Frankfurt-listed FinTech, MyBucks S.A. had secured a term loan facility arranged by Symbiotics S.A to finance SME lending in Uganda.

The funding forms part of a broader strategy within MyBucks to increase long-term funding at subsidiary level, thus providing a platform to enhance financial inclusion and to promote sustainable development in Africa.

OBUL, with the assistance"...

The Lusaka City Council (LCC) has launched a Social Inclusion and Gender Policy with support from the American government through the Millennium Challenge Corporation (MCC) aimed at ensuring that LCC promotes and maintains a conducive and enabling working environment and ensures that its services reach all intended beneficiaries.

This is part of institutional strengthening support to LCC under the US$355 million Lusaka Water Supply, Sanitation and"...

Kenya Power, the East African nation’s energy supplier, has set aside Kshs1.63 billion ($16.1 million) to finance various projects aimed at strengthening the distribution network in the country’s North Rift region.

The utility company aims to provide an adequate and reliable power supply in the area.

The ongoing projects, which should be completed by the end"...

West Kenya Sugar Company Limited, a leading sugar processing firm based in Kenya’s Kakamega County, has denied involvement in a sugar distribution racket relating to the importation and selling of counterfeit products.

The company, which produces popular local sweeteners such as Kabras Premium White Sugar and Kabras Brown Sugar, had recently been implicated in a scam where contraband sugar containing traces of copper and mercury was sold to"...

The Commission has announced today €68 million in humanitarian assistance for vulnerable communities in Sudan and South Sudan.

The funding comes as millions of people across both countries are in need of assistance, with the conflict in South Sudan triggering an influx of refugees into neighbouring Sudan.

'The EU is stepping up its support as many people in Sudan"...

AETOSWire, the news distribution arm of News Services Group and the exclusive representative of Business Wire, a Berkshire Hathaway company, in the MENA region, launched the innovative Press Video Service that transforms textual press releases into a less than 60-Seconds Animated Press Video.

To keep pace with the ever-evolving and advancing communications"...

(AETOS Wire) -- Unilever is calling on content creators and distributors to act now to eliminate outdated stereotypes. The move marks the latest step in the company’s industry-leading Unstereotype initiative, which launched two years ago with the aim of eliminating harmful and diminishing portrayals of people across advertising.

As part of its Unstereotype commitment Unilever is expanding that initiative"...

Domestic and cross-border Initial Public Offering (IPO) capital raising by African issuers in the first half of 2018 (H1) increased by 33% year-on-year to USD 396 million, while volume grew by 25% to 5 IPOs. This is according to Baker McKenzie’s Cross-Border Index for H1.

However, the Index also shows that when compared to the same period in previous years, IPO activity in H1 2018 is low: compared with H1 2016, capital raising is lower by"...

Thor Explorations Ltd. has announced positive results from its first set of drill results from its ongoing 8,000 metre RC drill program on its Douta Gold Project in south-east Senegal.

The 2018 RC Program has been designed to test the extension of the mineralization zone previously delineated by the 2017 RC Drilling Program. The results have confirmed continuous mineralisation both down dip and along strike for 3km. The mineralisation zone remains"...

The World Bank has approved an International Development Association (IDA) credit of $40 million to improve Madagascar’s electricity sector governance and operations.

The Madagascar Electricity Sector Operations and Governance Improvement Project (EGOSIP) will help ensure full implementation of the Performance Improvement Plan of JIRAMA that has been prepared in 2016, in particular, the organizational restructuring of the company. This project"...