Absa Bank Uganda to facilitate UEDCL million power distribution expansion plan

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Absa Bank Uganda’s landmark $50 million facility to UEDCL is a catalytic investment in Uganda’s economic infrastructure, marking the distributor’s first major debt financing. The capital will directly expand electricity access to over 200,000 new customers by 2026 while modernizing the grid to improve reliability and integrate renewables. This strategic partnership underscores how targeted private-sector financing is essential for achieving national development goals, specifically Uganda’s Vision 2040 and NDP IV targets for industrialization. Ultimately, the dealContinue Reading

FINCA Malawi launches “FINCA Ikuoneka Kumeneko Campaign” – Face of Malawi

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FINCA Malawi is launching a major national campaign, “FINCA Ikuoneka Kumeneko,” to enhance visibility and promote key products, including a Village Bank Loan with a newly reduced interest rate and higher loan limits. This initiative is a strategic move to deepen customer engagement and reaffirm its decades-long commitment to financial inclusion across Malawi. The campaign’s timing capitalizes on the institution’s recent recognition as the country’s Best Microfinance Institution, leveraging this credibility to strengthen its market presence. Ultimately,Continue Reading