Uganda is in advanced stages of issuing its first sovereign sukuk to cover 15% of a $3.17 billion Standard Gauge Railway project, with 60% expected from export credit agencies and 25% from development finance institutions.
The UNCDF and Bayer Foundation have made their first investments under the Food Systems Innovation Finance Facility, providing $500,000 each to Omia Agribusiness in Uganda and SokoFresh in Kenya, amid a record 23.1% drop in official development assistance in 2025.
1 month ago • Germany;Kenya;Uganda;United StatesIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.