Finance & Banking
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Co-operative Bank of Tanzania reports strong growth after first year
DODOMA, May 10, 2026 — The Co-operative Bank of Tanzania, which launched last April, has marked its first year of operations by reporting strong growth in customer numbers. In its latest report,…
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BoU’s Atingi-Ego advocates faster commercial dispute resolution to strengthen financial sector stability
KAMPALA, May 9, 2026 — The Bank of Uganda [BoU] Governor, Michael Atingi-Ego, has called for the effective use of Alternative Dispute Resolution [ADR] mechanisms in handling commercial disputes, saying prolonged litigation…
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Women nominees make their mark at African Banker Awards
ABUJA, May 8, 2026 — African Banker magazine has announced a shortlist of 55 nominees for this year’s edition of its annual African Banker Awards. The winners will be announced during the…
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Financial stability risks mount as AI fuels cyberattacks
By Tobias Adrian, Tamas Gaidosch, Rangachary Ravikumar WASHINGTON DC., May 8, 2026 — Artificial intelligence [AI] is transforming how the financial system copes with vulnerabilities and reacts to incidents. Yet it is also amplifying…
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Public procurement is a strategic tool for delivering fast growth — PSST Ggoobi
KAMPALA, May 8, 2026 — The Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, has said Uganda’s transformation agenda under the Fourth National Development Plan [NDP IV] and the Tenfold Growth…
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EBRD launches inaugural €1 billion securitisation transaction
LONDON, May 8, 2026 –— The European Bank for Reconstruction and Development [ EBRD ] has successfully launched its inaugural significant risk transfer [SRT], marking a major milestone in the Bank’s efforts…
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Lira City MP calls for more coffee seedlings to boost cultivation in Lango
LIRA CITY, May 7, 2026 — The Minister of Health and Lira City Woman Member of Parliament, Dr Jane Ruth Aceng Ocero, has urged government to increase the supply of coffee seedlings…
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House passes Sovereignty Bill after heated debate
KAMPALA, May 6, 2026 — The contentious Protection of Sovereignty Bill, 2026 has been approved by Parliament following intense debate, and now awaits presidential assent. The Bill was passed late yesterday evening…
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Airtel Africa eyes up to US$ 2bln from Airtel Money IPO as valuation nears US$ 10bln
KAMPALA, May 4, 2026 — Airtel Africa is preparing an initial public offering [IPO] of its mobile money arm, Airtel Money, in a deal that could raise between US$ 1.5 billion and…
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Kenya: Gov’t Tightens Oversight of Cooperatives in Major Reform Drive
NAIROBI, May 3, 2026 — The Kenyan cooperative movement is on the verge of a significant transformation following a firm directive from the government aimed at strengthening accountability, improving governance, and revitalising…
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