Afreximbank Funds $36.4 Million Stadium Project in Uganda

10 Nov 2025 CW Team

The African Export–Import Bank (Afreximbank) has extended a $36.4-million contract financing facility to Egypt’s SAMCO–National Construction Company (SAMCO) for the construction of the Akii Bua Olympic Stadium in Lira, Uganda.

The project is part of Uganda’s preparations to co-host the 2027 Africa Cup of Nations (AFCON) alongside Kenya and Tanzania. The funding was granted under Afreximbank’s Engineering, Procurement and Construction (EPC) programme, which supports African contractors undertaking large-scale infrastructure projects across the continent.

Signed in Cairo, the agreement was formalised by Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank, and Engineer Sameh Soliman, Chairman of SAMCO.

Mrs Awani said, “This partnership demonstrates our commitment to empowering African EPC companies and promoting sustainable economic growth through modern infrastructure.”

Engineer Soliman added, “This collaboration strengthens SAMCO’s position as a pan-African contractor delivering impactful projects that drive regional growth and development.”

The stadium project will enhance Uganda’s sports infrastructure, create employment, stimulate local supply chains, and promote tourism. It is also expected to strengthen Uganda’s capacity to host CAF- and FIFA-approved tournaments, marking a milestone in East Africa’s return to the continental football stage after nearly five decades.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..