Finance & Banking
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Stanbic Bank gives PDM SACCOs free Flexipay smartphones
NAMAYINGO, December 7, 2023 – Stanbic Bank Uganda has rolled out a new initiative aimed at enabling Parish Development Model [PDM] Savings and Credit Cooperative Organisations [SACCOs] access their money with ease.…
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Government cleared to acquire funds to modernise agriculture
KAMPALA, December 7, 2023 – Parliament has authorised government to borrow up Shs 1.23 trillion from the International Development Association of the World Bank, to finance the Uganda Climate Smart Agricultural Transformation…
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Keys for transforming an innovation into a business
NEW YORK, December 6, 2023 – As a mentor to many business professionals, owners, and aspiring entrepreneurs, I find a wealth of innovative ideas but often less insight on what it really…
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Multilateral development banks commit to boost collaboration on climate and development
DUBAI, December 5, 2023 – Multilateral development banks [MDBs] attending the 2023 UN Climate Change Conference [COP 28] have affirmed their commitment to a concerted, global action, including increasing co-financing and private…
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Private sector credit grew 1.6 percent in September 2023, says new report
KAMPALA, November 28, 2023 – The stock of total outstanding private sector credit in Uganda grew by 1.6 percent to Shs 21.17 trillion in September 2023 from Shs 20.84trn in August 2023,…
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RBI appoints administrator for Abhyudaya Cooperative Bank
NEW DELHI, November 28, 2023 – The Reserve Bank of India [RBI] days ago superseded the board of directors of Mumbai based Abhyudaya Cooperative Bank on and appointed Satya Prakash Pathak, former…
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MPs want PDM beneficiaries to have more access to banks
KAMPALA, November 23, 2023 – Members of Parliament have called for improved access to banking institutions to enable beneficiaries of the Parish Development Model [PDM] programme to receive funds. The MPs, who…
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AfDB approves US$ 10mln investment in Kenyan company Dhamana
NAIROBI, November 21, 2023 – The African Development Bank [AfDB] has approved a US$ 10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an…
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Bukwo SACCO applauds Fanaka Finance for offering affordable financing
BUKWO, November 21, 2023 – The management of Kapsukwar Savings and Credit Cooperative Society in Bukwo district has hailed Fanaka Finance Limited for offering appropriate and affordable loans to their cooperative, enhancing…
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Agribusiness should benefit from the attention of banks and institutional donors, experts say
MARRAKESH, November 14, 2023 – Banks, institutional partners and the private sector should invest heavily in agribusiness in Africa, a sector that suffers from a financing gap just as it becomes the…
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