Finance & Banking
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Bank of Uganda report hails national economy amid global uncertainty
KAMPALA, October 25, 2025 — Uganda’s economy has continued to display strong resilience and stability despite a complex and evolving global environment marked by geopolitical tensions, commodity price swings and tight financial…
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Pearl Bank’s Wendi and Stanbic Bank’s FlexiPay, integrate to drive digital financial inclusion
KAMPALA, October 24, 2025 — Through a partnership that signals collaboration over competition, Pearl Bank Uganda [formerly PostBank Uganda], and Stanbic Bank Uganda have announced the integration of their digital wallets [Wendi,…
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Youth-led VSLA commends gov’t for availing affordable finance
APAC, October 24, 2025 — The Maruzi Youth Village Savings and Loan Association [VSLA], based in Apac Municipality, has praised the government for its continued financial support through the Microfinance Support Centre…
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AFC secures US$ 100mln facility to finance renewable energy and low-carbon transport projects in Sub-Saharan Africa
LAGOS, October 22, 2025 — Africa Finance Corporation [ AFC ], the leading infrastructure solutions provider in Africa, has secured a US$ 100 million, 10-year term loan facility from FinDev Canada, Canada’s…
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MSC urges SACCOs to lend responsibly and embrace Islamic financing principles
LIRA CITY, 20, 2025 — The Microfinance Support Centre [MSC] has urged Savings and Credit Cooperative Organisations [ SACCOs ] in the Lango and Acholi sub-regions to lend only to individual members…
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World Bank boss calls for job-centred development in major speech at 2025 Annual Meetings
MARRAKESH, October 20, 2025 — In a sweeping address at the World Bank Group’s Annual Meetings, President Ajay Banga delivered a rallying call for development focused on job creation, private sector mobilisation,…
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Nandala Mafabi to Kwania residents: Vote for me and I will revive Cooperative Bank
KWANIA, October 18, 2025 — Forum for Democratic Change [FDC] presidential candidate, Nathan Nandala Mafabi, has pledged to revive the defunct Cooperative Bank if elected President of Uganda in the upcoming January…
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Africa advances despite global headwinds – AFMI 2025
KAMPALA, October 16, 2025 — The past 12 months have seen highs and lows around the world. Difficult macroeconomic conditions, compounded by a turbulent trade environment and geopolitical tensions, have created challenges…
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Banks make US$ 26 billion in a decade of financing deforesting companies
KAMPALA, October 15, 2025 — Banks and asset managers have made US$ 26 billion in income from financing deforesting companies since the Paris Agreement, according to a new investigation by Global Witness,…
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Gov’t releases Shs 18.43trn for second quarter of FY 2025/2026
KAMPALA, October 14, 2025 – The Ministry of Finance, Planning and Economic Development [MoFPED] has announced the release of Shs 18.43 trillion for the second quarter [Q2] of the 2025/26 Financial Year…
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