Finance & Banking
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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Standard Chartered donates Shs 50mln towards entrepreneurship and business development for youth with disabilities in Kalangala district
KAMPALA, December 1, 2024 – Standard Chartered Bank Uganda last week donated Shs 50 million to the National Union of Disabled Persons of Uganda [NUDIPU] during an event held at its Head…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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COMESA states urged to embrace the regional payments and settlement system
UZULWINI, November 24, 2024 — Central Banks in COMESA Member States have been called upon to utilise Regional Payments and Settlement System [REPSS] for intra-COMESA transactions, owing to its potential to enhance…
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Ugandan MSMEs urged to ensure compliance
KAMPALA, November 23, 2024 – Micro, Small, and Medium Enterprises [ MSMEs ] in Uganda have been urged to adhere to the relevant regulations to ensure their businesses remain uninterrupted. This call…
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Stanbic increases ceiling for unsecured SACCO loans to Shs 4bln
KAMPALA, November 20, 2024 – Stanbic Bank has raised the ceiling for unsecured SACCO loans to Shs 4 billion, up from the previous limit of Shs 200 million, with an interest rate…
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GROW project: Gov’t to create zones for fair distribution of funds
FORT PORTAL CITY, November 15, 2024 – The Government of Uganda is considering zoning the country to facilitate a fairer distribution of funds under the World Bank-funded Generating Growth and Opportunities for…
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Ecobank to unlock real-time cross-border payments across 35 African markets
KAMPALA, November 11, 2024— Nium, the leading global infrastructure for real-time cross-border payments, has partnered with Ecobank Transnational Incorporated to enable seamless cross-border payments across 35 African markets for more than 32…
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TZ marks record agricultural achievement as AfDB President Adesina urges investment in Africa
ABUJA, November 4, 2024 — Tanzania is setting new benchmarks in food self-sufficiency across Africa, raising hope that the fight against hunger and malnutrition on the continent is achievable. President Samia Suluhu…
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Masindi: Stanbic Bank donates equipment to Kyatiri Health Centre
MASINDI, November 1, 2024: Stanbic Bank Uganda has donated health equipment valued at Shs 35 million to Kyatiri Health Centre III in Kyatiri Town Council, Masindi district, aimed at enhancing service delivery.…
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