Finance & Banking
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UDB sees growth in output value as govt puts in more cash
KAMPALA, July 25, 2024 – The government-owned Uganda Development Bank [ UDB ] has achieved a remarkable 71 percent year-on-year growth in output value, increasing from Shs 3.4 trillion in 2022 to…
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EAC embarks on upgrading Lwakhakha to One-Stop Border Post
BUSIA, July 23, 2024 – The East African Community [EAC] together with Kenya and Uganda is in the process of upgrading the Lwakhakha border post into a One-Stop Border Post [OSBP] as…
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The Second National Microfinance and Savings Groups Conference 2024 underway Kampala
KAMPALA, July 17, 2024: The Finance ministry together with stakeholders in the microfinance sector is holding the Second National Microfinance and Savings Groups Conference 2024 from 17th to 18th of July, 2024…
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AfDB’s sovereign portfolio retains top spot in 2024 Aid Transparency Index
ABIDJAN, July 17, 2024 – Publish What You Fund, the global campaign for aid and development transparency, has once again named the African Development Bank’s [AfDB] sovereign portfolio as the most transparent. The…
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Nigeria’s food importation policy could destroy country’s agriculture, warns AfDB boss
ABUJA, July 16, 2024 – The President of the African Development Bank Group [AfDB] Dr. Akinwumi Adesina has said the decision by Nigeria’s government to allow massive food importation risks destroying the…
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ICBA signs MoU with Tilburg University to improve the data it holds on members
UTRECHT, July 13, 2024 – The International Cooperative Banking Association [ ICBA ] recently agreed a memorandum of understanding [MoU] with Tilburg University, to improve the quality and quantity of data it…
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Oikocredit announces EUR 2.4mln loan to support SMEs in Indonesia
AMSMERFOORT and JARKATA, July 6, 2024 – Netherlands’s Social investor Oikocredit and Validus Group, a Singapore-based digital financing platform, have partnered to provide small and medium-sized enterprises [SMEs] in Indonesia with accessible…
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Money lenders, SACCOs warned against holding clients’ IDs as collateral
KAMPALA, June 28, 2024 – Money lenders and, Savings and Credit Cooperatives [SACCOs] in the country that have a habit of holding on to national identity cards [ IDs] of their clients…
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Centenary Bank says when women are given opportunity for financial inclusion, they can do miracles
KAMPALA, June 28, 2024 – The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024, Centenary Rural Development Bank exemplifies the spirit of this year’s…
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AfDB secures US$ 18mln GEF funding for Zambezi Basin and E-waste projects
ABIDJAN, June 27, 2024 – The African Development Bank [AfDB] has secured more than US$ 18 million in funding from the Global Environment Facility [ GEF ] for two major projects aimed…
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