Finance & Banking
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Uganda private-sector credit growth accelerates to 16.1 percent as lending rates fall
KAMPALA, September 20, 2026 — Lending to Uganda’s private sector accelerated sharply in the three months to June 2026, as commercial banks lowered interest rates on shilling-denominated loans and credit demand strengthened,…
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World Bank Group mobilises record private capital for developing countries, driving job creation
KAMPALA, September 19, 2026 — The World Bank Group mobilised more private capital in fiscal year 2026 than in any year in its history and issued a record volume of guarantees, delivering…
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Musasizi urges commercial banks to cut lending rates to boost local production
KAMPALA, September 18, 2026 –Finance Minister Henry Musasizi has called on commercial banks in Uganda to lower lending rates and channel more financing into productive sectors, saying affordable credit will be critical…
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Uganda trade and investment roadshow seeks to unlock investment across borders
KAMPALA, September 15, 2026 — Uganda is seeking to deepen trade and investment across the borders as business leaders, investors, policymakers and private-sector stakeholders gathered in Kampala for the 2026 Uganda Trade…
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Uganda banks’ profits rise to Shs 2.17 trillion as government borrowing weighs on private credit
KAMPALA, September 14, 2026 — Uganda’s banking industry recorded a sharp improvement in profitability and asset quality in 2025, with net profit after tax rising to Shs 2.17 trillion, even as banks…
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PAPSS targets accelerated adoption and transaction growth as network expands across Africa
LAGOS, September 12, 2026 — The Pan-African Payment and Settlement System [ PAPSS ] is preparing to accelerate adoption and transaction growth across Africa as it enters the next phase of its…
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EBRD launches SME support package in Benin to boost private-sector growth
COTONOU, September 10, 2026 — The European Bank for Reconstruction and Development [EBRD] has launched a support package for small and medium-sized enterprises [SMEs] in Benin aimed at strengthening private-sector-led growth. The…
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Stanbic Bank Uganda unveils revamped Kalangala branch to boost island banking
KALANGALA, September 8, 2026 — Stanbic Bank Uganda has officially unveiled its newly refurbished Kalangala branch, combining a celebration of its 35th anniversary with a pledge to deepen financial inclusion across the…
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FEDA membership expands as Senegal, Liberia accede and Angola, Zimbabwe ratify agreement
KIGALI, September 8, 2026 — The Fund for Export Development in Africa [ FEDA ], the equity investment arm of the African Export-Import Bank [Afreximbank], has expanded its membership to 24 countries…
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UDB-financed enterprises generate Shs 6.26 trillion in output, create over 69,000 jobs
KAMPALA, September 7, 2026 — Enterprises financed by the Uganda Development Bank [UDB] generated Shs 6.26 trillion in annual economic output and created or sustained 69,202 jobs in 2025, according to the…
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