Private equity fund unveils US$9.19m to support agribusinesses in Uganda

Private equity fund unveils US$9.19m to support agribusinesses in Uganda

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UGANDA – The Yield Uganda Investment Fund, an European Union (EU) backed agribusiness impact fund has injected US$9.19 million (UGX34bn) into Uganda’s agribusiness sector. The new financing follows the joining of Soros Economic Development Fund, part of Open Society Foundation (OSF) and…

Financial group I&M Holdings invests US$180m in Kenyan unit

Financial group I&M Holdings invests US$180m in Kenyan unit

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KENYA – I&M Holdings, a conglomerate comprising financial service providers, says it has invested an additional US$180 million (Sh1.8 billion) in its fully-owned Kenyan subsidiary whose operations expanded following the acquisition of Giro Commercial Bank. The Nairobi Securities Exchange-listed firm made the…

Trustco enters warrant agreement with Evo Fund as it seeks to raise US$141.28m

Trustco enters warrant agreement with Evo Fund as it seeks to raise US$141.28m

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NAMIBIA – Namibian investment company, Trustco, has said that it has entered into a derivative agreement that could result in a US$141.28 million (N$2bn) capital raise and improved liquidity of its shares. Trustco said that the warrant agreement with Evo Fund could…

AfDB approves US$24.7m for Water and Sanitation Development in South Sudan

AfDB approves US$24.7m for Water and Sanitation Development in South Sudan

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SUDAN – The Board of Directors of the African Development Bank (AfDB) has approved a proposal to commit US$24.7 million to finance the South Sudan Strategic Water Supply and Sanitation Improvement Project. The project will support the rehabilitation of approximately 50km of…