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Finance · Real estate

After AFCON 2027, What Is the Plan for Uganda’s Three New Stadiums?

Uganda is spending hundreds of millions of dollars rebuilding three stadiums for AFCON 2027. The question now is whether a commercial operating plan for the post-tournament period can be in place before the first ball is kicked. Paulo J. Cruz, CEO of African Collaborations Group (ACG) (www.ACGafrica.com), made that case in an interview published this week in the Daily Monitor, Uganda’s largest independent daily newspaper. Full interview: https://apo-opa.co/4sBPT6A The numbers The Mandela National Stadium at Namboole is being expanded to 45,000 seats. A new 20,000-seat stadium is under construction in Hoima. Akii-Bua Stadium in Lira is being built to 20,000 seats. Combined public investment exceeds USD 300 million. AFCON 2027 runs from 21 June to 17 July 2027. After that date, Uganda will own 85,000 seats of stadium capacity with no published revenue model, and no masterplan for the land surrounding any of the three venues. The Uganda Premier League draws average attendances of 3,000 to 5,000 per match. A 45,000-seat stadium hosting a 4,000-attendance league match is operating at under 10% capacity. What the interview argues “The pattern across the continent is consistent: a government builds one or more stadiums for a tournament, the tournament ends, and the stadiums become a public liability,” said Cruz, who spent 28 years originating infrastructure projects exceeding USD 10 billion across Africa, the Middle East, and Europe, most recently as Senior Vice President at DAMAC Group, the Middle East’s largest private real estate developer. “Uganda has a window of eight months before AFCON to put a commercial plan in place. After AFCON, that window closes and the costs begin.” Cruz argues that the solution is not to stop building stadiums but to embed them in integrated sport and entertainment districts combining 15 to 20 asset types: indoor arenas, aquatics centres, sport training academies, sports science facilities, schools, fitness centres, hotels, conference and exhibition centres, retail, cinemas, restaurants, nightlife, residential, commercial offices, public spaces and parks, transport infrastructure, and media production and broadcast facilities, designed to generate diversified revenue every day of the year. ACG (www.ACGafrica.com) originates such districts in partnership with African governments, investing at the pre-development stage to create the conditions for institutional and private investors to finance projects that are bankable, investable, and financially sustainable. The government’s budget is not touched. Context: Uganda’s own policy documents call for this Uganda Vision 2040 identifies the young population as an opportunity for developing sport as a business. The Fourth National Development Plan (NDP IV) lists sport and AFCON among priorities and expects the private sector to fund 30.4% of the plan. The Tenfold Growth Strategy commits to leveraging AFCON 2027 for sporting facilities and hotel capacity expansion. The PPP Act 2015 allows unsolicited proposals from private investors. A precedent already exists. In 2014, President Museveni endorsed a private lease for Nakivubo Stadium in Kampala, stating the principle that private capital, not public budgets, should develop sport facilities. The commercial district that emerged around Nakivubo, now known as Ham’s Nakivubo Stadium, is cited locally as a model for sport-led urban development. Questions people are asking Question: What will happen to Namboole Stadium after AFCON 2027? Answer: Without a post-tournament commercial strategy, the stadium will revert to hosting Uganda Premier League matches (average attendance 3,000 to 5,000) in a 45,000-seat venue, plus occasional international fixtures. Paulo J. Cruz of ACG argues that embedding the stadium in an integrated sport and entertainment district with 15 to 20 revenue-generating asset types is the alternative to that outcome. Question: How much is Uganda spending on AFCON 2027 stadiums? Answer: Combined public investment across Namboole (45,000 seats), Hoima (20,000 seats), and Akii-Bua in Lira (20,000 seats) exceeds USD 317 million. All three are being built by the UPDF Engineering Brigade. Afreximbank and ICIEC backed Akii-Bua with a USD 36.4 million facility and USD 65 million in insurance. Question: What is an integrated sport and entertainment district? Answer: A masterplanned, mixed-use development anchored by a stadium or arena, combining 15 to 20 asset types: sport venues, hotels, conference centres, training academies, retail, entertainment, residential, and commercial space. Designed to generate diversified revenue 365 days a year rather than depending on matchday income alone. ACG (www.ACGafrica.com) originates and develops such districts across Africa. Question: Can African stadiums be financially self-sustaining? Answer: Standalone stadiums rarely are. Research published in the Journal of Sports Economics, the Journal of Economic Surveys and by dozens of papers published by ACG´s worldclass independent Research and Investigation Advisory Board shows that single-venue sport facilities do not generate economic benefits sufficient to justify public investment. Integrated districts with diversified revenue sources are the alternative model. ACG’s feasibility studies, independently reviewed by 14 scholars including the Editor-in-Chief of the Journal of Sports Economics and taking into account each country specific parameters, are designed to test whether a specific district can meet that standard. Distributed by APO Group on behalf of African Collaborations Group (ACG). Media contact: marie@apo-opa.com About African Collaborations Group (ACG): www.ACGafrica.com) originates bankable sport and entertainment district ecosystems across Africa. Founded by Nicolas Pompigne-Mognard, who was appointed to the FIFA Task Force for Infrastructure Development in Africa in 2022 and personally mandated by FIFA President Gianni Infantino to develop an integrated district concept for the continent. 28-member Advisory Board includes former FIFA Secretary General Fatma Samoura and former World Bank Executive Director Paulo Gomes. CEO Paulo J. Cruz brings 28 years of infrastructure origination experience across Africa, the Middle East, and Europe.

Oct 28 · 14:28APO Group
Finance · Investing & markets

Kalmar’s financial information in 2027

KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 28 OCTOBER 2026 AT 4:15 PM (EET)

Oct 28 · 14:15GlobeNewswire
Finance · Healthcare

Starting today, every home booked on Airbnb will help house people in crisis

Starting today, Airbnb will donate a portion of its revenue from every stay to Airbnb.org, which provides free, temporary housing to people in times of crisis. The new funding model will help provide $500 million USD to Airbnb.org over the next five years, putting the nonprofit on a path to provide 1 million nights of free housing annually. This funding will also allow Airbnb.org to expand its work to support families traveling for medical care, survivors fleeing domestic violence and expl... Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=363452

Oct 28 · 14:14WebWire
Finance · Investing & markets

Borregaard ASA: Reporting of transactions in Borregaard ASA's shares made by person discharging managerial responsibilities

Kristin Misund, Senior Vice President, R&D and Business development, has on 28 October 2026 sold 25,000 shares in Borregaard ASA at an average price of NOK 153.80 per share. Following this transaction, Kristin Misund owns 45,223 shares and holds 52,500 options in Borregaard ASA. The shares are sold at Oslo Stock Exchange.

Oct 28 · 14:12GlobeNewswire
Finance

Levi & Korsinsky Notifies Investors of Pending Investigation Into Securities Claims Involving SLM Corporation (SLM)

SLM Corporation cut its 2026 EPS outlook by $1.15 per share on October 22, 2026, three months after its CFO described a "viable path" to the higher range. Shareholders who lost money may have the right to seek recovery. NEW YORK, Oct. 28, 2026 -- SLM Corporation (NASDAQ: SLM)...

Oct 28 · 14:09PR Newswire
Finance

Levi & Korsinsky Notifies Investors of Pending Investigation Into Securities Claims Involving Csquare, Inc. (CSQR)

With only $66 million of revolver capacity left undrawn, Csquare's May 2026 IPO filing said its cash and operating cash flows would cover obligations for the next twelve months. CSQR investors who lost money after today's short report have rights. NEW YORK, Oct. 28, 2026 --...

Oct 28 · 14:09PR Newswire
Finance · Industrial

Linde Declares Dividend in Fourth Quarter 2026

Linde plc (Nasdaq: LIN) announced its Board of Directors has declared a quarterly dividend of $1.60 per share. - - The dividend is payable on December 17, 2026, to shareholders of record on December 3, 2026. - - About Linde - - Linde is a leading global industrial gases and engineering company with 2025 sales of $34 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more... Read the full story at https://www.webwire.com/ViewPressRel.asp?aId=363449

Oct 28 · 14:07WebWire
Finance

Smoke Detector Market Set for US$ 6.62 Billion Valuation Driven by Fire Safety Mandates

The Smoke Detector Market size is expected to reach US$ 6.62 billion by 2033 from US$ 2.11 billion in 2025. The market is estimated to record a CAGR of 15.36% from 2026 to 2033. The retrieved public source material for ... Read more

Oct 28 · 14:02PR News Releaser
Finance · AI

phData Raises New Funding to Turn Enterprise Data Into Trusted AI Answers and Reliable Agents with Claude

As a member of the Claude Partner Network, phData will add more than 300 data and AI experts and expand the AI-ready data services that help enterprises get trusted answers and reliable agents from Claude. MINNEAPOLIS, MN / October 28, 2026 / phData , an AI and data services leader that helps enable ente

Oct 28 · 14:00ACCESS Newswire
Finance · AI

USTA and IBM Announce Five-Year Renewal of Longstanding Partnership

Oct 28, 2026 NEW YORK, October 28, 2026 – The USTA and IBM (NYSE: IBM ) today announced a five-year renewal of their longstanding and trailblazing partnership that will see IBM serve as the Official AI and Cloud Partner of the US Open through 2031. The renewal comes following the 2026 US Open which saw record engagement for its IBM-powered digital platforms, reaching more than 270 million total engagements across USO

Oct 28 · 14:00IBM
Finance · Travel

X Marks the Spot: The StandardX Is Coming to Times Square

The Standard brand's irreverent younger sibling will make its North American debut with an approximately 1,800-room flagship, bringing a new hotel, nightlife and entertainment destination to Manhattan NEW YORK, October 28, 2026--X marks the spot. And this time, it's right in the middle of Times Square. Hyatt Hotels Corporation (NYSE: H) and Extell Development Company, a full-service national real

Oct 28 · 14:00Business Wire