Finance & Banking
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AfDB Mulls US$ 500 Million Facility to Mobilise Financing for Smallholder Farmers
NAIROBI, March 22, 2025 — African Development Bank Group [AfDB] President Dr. Akinwumi Adesina has announced plans to launch a US$ 500 million facility designed to unlock US$ 10 billion in financing…
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Stanbic Bank to help Okere Shea Cooperative Society join banking system
OTUKE, March 21, 2025 – Stanbic Bank, Lira Branch, has pledged to assist Otuke district’s Okere Shea Cooperative Society Limited members, especially women, to open bank accounts as they work towards improving…
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Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards
LOMÉ, March 21, 2025 — Ecobank Group, which also operates an affiliate in Uganda, has been named as the Best Trade Finance Provider Bank in Africa, at the Global Finance Trade Finance…
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Alarm as governments, companies borrow USD 25 trillion in 2024
KAMPALA, March 21, 2025 — Governments and companies borrowed USD 25 trillion from markets in 2024, which is USD 10trn more compared to the pre-COVID period, and nearly three times the amount…
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Africa losing US$ 88bln in illicit financial flows annually, says Among
KAMPALA, March 18, 2025 — Speaker of Parliament Anita Among has said illicit financial flows [IFFs] in Africa are making the continent to lose an estimated US$ 88 billion annually, and that…
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Access Bank’s Africa Trade Conference Ignites New Era of Intra-Africa Commerce
CAPE TOWN, March 14, 2025 — Access Bank PLC successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to drive solutions…
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BoU to regulate mortgage financing entities
KAMPALA, March 13, 2025 –– The Bank of Uganda [ BoU ] is set to regulate operations of mortgage refinancing institutions in the country once the Mortgage Refinance Institutions Bill, 2025 is…
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Credit referencing in Uganda: Unlocking opportunities for growth
KAMPALA, March 12, 2025 –– Uganda has a diverse range of credit providers, including commercial banks, credit institutions, and Microfinance Deposit-Taking Institutions [Tier 1 to Tier 3 financial institutions], Deposit-Taking Microfinance Institutions,…
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Standard Chartered boosts investment in its Futuremakers Women in Tech programme across Africa, the Middle East and Pakistan
KAMPALA, March 6, 2025 – Standard Chartered has today announced a partnership with Village Capital to continue and expand its Futuremakers Women in Tech Accelerator across Africa, the Middle East, and Pakistan.…
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AfDB and Standard Bank unite to support SMMEs and boost trade
JOHANNESBURG, February 26, 2025 — The African Development Bank Group [AfDB] and Standard Bank Group [SBG] on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises…
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