Finance & Banking
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System errors derailing access to PDM funds in Soroti City
SOROTI CITY, September 16, 2025 – The Soroti City Commercial Officer, George William Tukei, has revealed that several residents have been unable to access funds under the government’s Parish Development Model [PDM]…
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Uganda’s public debt reaches Shs 116trn but remains sustainable, says minister
KAMPALA, September 15, 2025 – Finance Minister Matia Kasaija has reassured Ugandans that the country’s rising public debt remains sustainable, despite growing concerns over increased government borrowing. Speaking on Thursday at the…
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African leaders, AfDB push for governance reforms, regional integration for Africa’s transformation
ABUJA, September 15, 2025 — African leaders, experts, the African Development Bank [AfDB] and development partners have called for urgent reforms to strengthen governance, deepen regional integration, and drive inclusive growth across…
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New Islamic Microfinance Toolkits Launched to Advance Financial Inclusion in IsDB Member Countries
KAMPALA, September 12, 2025 — The Islamic Development Bank Institute [IsDBI] and the IsDB Global Practice & Partnership [GPP] Directorate, through its Cooperation and Capacity Development Department [CCD], have officially launched a…
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Africa: Multilateral development banks hit record $137 billion in climate finance, driving sustainable development worldwide
KAMPALA, September 11, 2025 — Multilateral development banks [MDBs] delivered a record US$ 137 billion in global climate finance last year—a 10 percent increase that underscores the growing scale of international climate…
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Africa: Afreximbank launches new entity to promote large scale trade in value-added goods
ALGIERS, September 10, 2025 — African Export-Import Bank [ Afreximbank ] has launched the African Trade and Distribution Company [ATDC] to catalyse large scale trade in raw materials, minerals and value-added products…
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Absa Bank launches regional SME forums to boost business growth
MBARARA CITY, September 7, 2025 – – Absa Bank Uganda has launched a series of regional forums aimed at empowering small and medium-sized enterprises [SMEs] with financial knowledge and skills for sustainable…
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Health and agriculture projects to benefit from US$ 399mln loans
KAMPALA, September 4, 2025 — Health, agriculture and infrastructure projects stand to be implemented fully following the tabling of loan requests amounting to about US$ 399 million [about Shs 1.44 trillion]. The…
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Sidi Ould Tah assumes office as 9th President of AfDB Group
KAMPALA, September 3, 2025 — Dr. Sidi Ould Tah has been sworn-in, as the ninth President of the African Development Bank Group [AfDB]. He took his oath-of-office on Monday in Abidjan, Ivory…
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Lango LRA victims turn to VSLA to boost livelihoods
LIRA, September 3, 2025 – Former members of the defunct Lord’s Resistance Army Captives and Returnee Association in the Lango Subregion are celebrating after transitioning into a Village Savings and Loan Association…
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