Close Menu
Xsum NewsXsum News

    Stay Updated.

    Get the latest Africa-focused business & infrastructure news and more directly to your inbox.

    What's Hot

    Mining Review Africa launches French and Portuguese versions to bridge regional digital divide

    Building South Africa’s next chapter through sustainable infrastructure

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    Facebook X (Twitter) Instagram
    Trending
    • Mining Review Africa launches French and Portuguese versions to bridge regional digital divide
    • Building South Africa’s next chapter through sustainable infrastructure
    • Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region
    • Sustainable infrastructure strengthens South Africa’s future
    • Initial 11 rail operators selected for 41 routes as South Africa takes major step in opening up freight rail to private sector
    • Risk mitigation focused as SA opens rail and port networks to private participants
    • AIHS partners with Federal Department of Housing and Urban Development at 18th Housing Show
    • AIHS mourns Raila Odinga and celebrates his work in affordable housing and urban development
    X (Twitter) Instagram YouTube LinkedIn TikTok
    Xsum NewsXsum News
    • African Development Bank
    • Africa Finance Corporation
    • All Africa – Construction & Infrastructure
    • Africa Intelligence
    • Construct Africa
    • More
      • Mining Review Africa
      • Energy Capital Power
      • Sustainability & Climate-Resilient Infrastructure
      • Private-Sector Infrastructure Players
      • Urban Development & Housing
    Xsum NewsXsum News
    You are at:Home»African Development Bank»ADB and Kabale University announce Sh1 billion incubation center
    African Development Bank

    ADB and Kabale University announce Sh1 billion incubation center

    Xsum NewsBy Xsum NewsNovember 17, 2025No Comments3 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    The African Development Bank, in partnership with Kabale University, has launched a Sh1.058 billion Business Incubation Center at Kabale University with the aim of fostering youth innovation and supporting women entrepreneurs to create reputable enterprises that improve social welfare and contribute to national development.

    Speaking at the launch, the University’s Vice-Chancellor, Professor Joy Kwesiga, said the center was established to answer the question of how universities can support youth job creation to solve the problem of unemployment in the Kigezi sub-region.

    “In 2022, the then United Nations Development Program Uganda Country Representative, Her Excellency Elsie Attafau, paid a courtesy visit to Kabale University and we presented several proposals, but the idea of establishing a business incubation center caught her eye. When Her Excellency Elsie Attafaw left, Her Excellency left Kabale University.” We are grateful for UNDP’s support, ranging from the provision of state-of-the-art equipment, ICT infrastructure, conferencing systems, and equipment procurement, which is worth N1.058 billion (US$290,000),” said Professor Kwesiga.

    He said the project shows that innovation is no longer a luxury but a necessity, and reaffirms the university’s commitment to becoming a university for community change, where ideas are not just taught, but practiced, tested and turned into solutions.

    “The center will particularly foster entrepreneurship and incubation support, upskilling programs, research and commercialization, and community engagement. The business incubation center model combines both equity and fee-based approaches to ensure sustainability while nurturing start-ups that can eventually become independent,” Professor Kwesiga said.

    UNDP Uganda Representative Nwanne Huwede Obahor commended the Kabale University authorities for their exceptional leadership and the Uganda Development Bank for their partnership with UNDP in the design and establishment of the Business Incubation Center and the support of the flagship program within the Incubation Center, the Potato Value Chain Program.

    “This launch comes at a pivotal time as Uganda implements the Fourth National Development Program (NDPIV), which prioritizes agricultural industrialization and innovation as drivers of job creation, import substitution and inclusive growth. I am optimistic that this business incubation center will become a regional innovation hub serving students, farmers, small businesses and entrepreneurs. Youth and women in the region should seize these opportunities for innovation, enterprise creation and livelihood transformation.” UNDP stands ready to continue providing technical, strategic and catalytic support to deepen impact and scale successful models across the country,” said Nwanne Fwede Obahor.

    Permanent Secretary of the Ministry of Education and Sports, Dr. Kedres Tulyajenda, who was represented by the guest of honour, Haji Muzammil Mkwatampora, said the established center will bridge the gap between knowledge and enterprise development, what can be taught and what can be done.

    ADB announce billion center incubation Kabale Sh1 University
    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleSouth Africa investigates mystery of plane arriving from Gaza carrying over 150 Palestinians
    Next Article Lasina Kohn: “Artificial intelligence in Africa must be inclusive and rooted in our reality”
    Xsum News
    • Website

    Related Posts

    Africa: 1.3 billion Africans expected to live in urban areas

    March 26, 2026

    Companies pledge $100 million to help electrify Africa

    March 26, 2026

    TAAT holds strategic meeting to accelerate agricultural transformation across Africa – EnviroNews

    March 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    African Development Bank Group and Nedbank Group sign multi-billion rand funding partnership to transform housing access and boost African trade

    December 19, 202529 Views

    A United Continent on the Move: Ambassador Kouyateh’s Call for an African Logistics Renaissance

    November 20, 202529 Views

    Eni secures multi-million dollar loan for African FLNG project

    January 26, 202622 Views

    African Development Fund and WHO collaborate to save Sudan’s health system

    November 17, 202522 Views
    Don't Miss
    Mining Review Africa April 17, 2026

    Mining Review Africa launches French and Portuguese versions to bridge regional digital divide

    670 VUKA Group’s flagship publication, Mining Review Africa, this week launched a French and Portuguese…

    Building South Africa’s next chapter through sustainable infrastructure

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    Sustainable infrastructure strengthens South Africa’s future

    Stay In Touch
    • Twitter
    • Instagram
    • YouTube
    • LinkedIn
    • TikTok

    Stay Updated.

    Get the latest Africa-focused business & infrastructure news and more directly to your inbox.

    About Us
    About Us

    Xsum News is Africa’s digital window into the future of business. We tell stories of innovation, enterprise, and investment that are shaping the continent’s economic rise. African Business, Added Up.

    X (Twitter) Instagram YouTube LinkedIn TikTok
    Our Picks

    Mining Review Africa launches French and Portuguese versions to bridge regional digital divide

    Building South Africa’s next chapter through sustainable infrastructure

    Southern Africa Eco-Infrastructure Summit 2026 accelerates sustainable infrastructure and green real estate investment across the southern region

    Most Popular

    African Development Bank praises Algeria’s development model, aims to replicate its success across the continent

    Considering the redefinition of African capital by UBA and Arauba

    G20 Energy Investment Forum brings together Africa’s top finance, insurance and technology leaders

    © 2026 Xsum News. All Rights Reserved.
    • 🌍 About Xsum News
    • 📬 Contact us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.