Uganda
Microsoft 4Afrika selects five African startups for innovation grant
US tech giant Microsoft selected five African tech startups to receive innovation grants, technical support, and mentorship from Microsoft under its venture arm extension, the Microsoft 4Afrika Initiative.
China's Sinohydro to invest in infrastructure projects in Laos, Shandong province
China's biggest hydroelectric dam contractor Sinohydro Group Ltd. will be investing up to USD39.2 million in an hydroelectric project in Laos. The said company will also be investing USD724 million in a construction project in Shandong province.
Ugandan energy distributor Umeme secures USD190 million fund
Ugandan energy company Umeme Ltd. obtained USD190 million in funding from the International Finance Corporation, Standard Chartered Bank and Stanbic bank. The long-term loan would be used for the company's capital investment program.
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