Finance & Banking
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EBRD to open its first office in Nigeria during Vice President’s visit
LONDON, July 1, 2026 — Matteo Patrone, Vice President for Banking at the European Bank for Reconstruction and Development [EBRD], is visiting Nigeria from July 1-3, to open the Bank’s first office…
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Uganda secures Shs 481bln financing deal for strategic Kitgum–Kidepo Road
KAMPALA, June 30, 2026 — Uganda has secured €110.5 million [approximately Shs481 billion] in financing for the construction of the Kitgum–Kidepo Road, in a move aimed at improving regional connectivity and unlocking…
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Finance Minister launches World Bank–Uganda partnership framework, pledges disciplined push towards US$ 500bln economy
KAMPALA, June 29, 2026 — Uganda has unveiled a long-term partnership framework with the World Bank aimed at accelerating the country’s transition to upper-middle-income status, with Finance Minister Henry Musasizi reaffirming the…
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ADF approves US$9 million grant to strengthen financial integration across East Africa
KAMPALA, June 28, 2026 — The Board of Directors of the African Development Fund [ADF] has approved a US$ 9 million [approximately Shs 33,3 billion] grant to deepen financial integration across East…
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PDM SACCO leaders arrested in Lira City over alleged fraud targeting women beneficiaries
LIRA CITY, June 27, 2026 — Several leaders of a Parish Development Model [PDM] SACCO in Lira City have been arrested over allegations of fraud and extortion involving PDM funds, with authorities…
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Ugandan manufacturers push for financing reforms as sector grapples with rising costs
KAMPALA, June 27, 2026 — Uganda’s manufacturing sector has called on government and financial institutions to reform existing financing models and provide funding solutions tailored to different production cycles and investment needs.…
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Minister Musasizi calls for improved performance of World Bank-funded projects in Uganda
KAMPALA, June 26, 2026 — Uganda’s Minister of Finance, Planning and Economic Development, Henry Musasizi, has met the World Bank Division Director for Kenya, Rwanda, Somalia and Uganda, Fan Qimiao, to discuss…
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Kadaga presents EAC US$ 110.9mln budget to regional legislative assembly
KAMPALA, June 26, 2026 — The East African Community [EAC] presented to the East African Legislative Assembly [EALA] budget estimates amounting to US$ 110,863,576 for the 2026/2027Financial Year [FY]. The budget was…
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UIBFS concludes Women in Leadership Programme, calls for bold and confident female leaders
KAMPALA, June 25, 2026 — The Uganda Institute of Banking and Financial Services [ UIBFS ] has concluded its 2026 Women in Leadership Programme, a five-day intensive training initiative aimed at strengthening…
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UCSCU urges stronger governance and technology adoption to strengthen SACCOs
KABALE, June 25, 2026 — The Board Chairperson of the Uganda Cooperative Savings and Credit Union Limited [ UCSCU ], Col. Allan Kitanda, has called for stronger governance systems, greater transparency, and…
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