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Equity Bank gets US$60mln trade finance transaction guarantee facility to support SMEs, drive regional trade
NAIROBI, January 1, 2026—The Board of Directors of the African Development Bank Group [AfDB] has approved a US$ 60 million Trade Finance Transaction Guarantee facility to support the trade finance activities of…
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Masaka farmers receive coffee seedlings to boost household incomes
MASAKA, December 31, 2025 — Farmers in Kyesiiga Sub-county, Masaka district, have received a major boost after the government distributed 20,000 coffee seedlings aimed at improving household incomes and reducing poverty through…
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WB flags Uganda’s fiscal pressures amid strong economic growth
KAMPALA, December 28, 2025 — Uganda’s economic growth remains robust, with real gross domestic product [GDP] rising to 6.3 per cent in the 2024/25 financial year, up from 6.1 per cent the…
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Politics: Gov’t sets Shs 125,000 minimum cane price to protect Busoga farmers
KAMPALA, December 24, 2025 — Government has intervened in the sugarcane sector, directing millers to pay a minimum of Shs125,000 per tonne following complaints from out-growers over persistently low prices offered by…
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Tanzania: Total SACCO assets reached TZS 1.46trn in 2024 – report
DODOMA, December 23, 2024 — The total assets of Savings and Credit Cooperative Organisations [SACCOs] in Tanzania rose to TZS 1.46 trillion in 2024 from TZS 1.33trn in 2023, representing an increase…
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ADF mobilises a historic US$11bln, marking a new era of African ownership and investment-led development
LONDON, December 20, 2025 — The African Development Fund [ADF], the concessional financing arm of the African Development Bank Group [AfDB], has secured a record US$ 11 billion from 43 Partners for…
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Minister Barugahara attracts mixed reactions on X after decrying low cane prices in Busoga
KAMPALA, December 18, 2025 — The State Minister for Children and Youth Affairs, Balaam Barugahara Ateenyi, has attracted mixed reactions on social media platform X [formally Twitter], after expressing concern over the…
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Uganda launches pilot phase of Okusevinga Money Market Trust Scheme to widen investment access
KAMPALA, December 18, 2025 — The Finance ministry, in partnership with the Bank of Uganda [BoU], has launched the pilot phase of the Okusevinga Money Market Unit Trust Scheme, a new government-backed…
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Cooperative movement poised for new global chapter, says ICA President
KAMPALA December 18, 2025— The global cooperative movement is entering a “new cycle of opportunity” after a landmark year of collaboration and growth, according to the President of the International Cooperative Alliance…
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Parliament recalled to consider another Shs 2.2trn in loan requests
KAMPALA, December 16, 2025 — Parliament has been recalled from recess to consider loan requests amounting to about Shs 2.2 trillion and to receive the 2026/27 National Budget Framework Paper [NBFP], signalling…
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