Finance & Banking
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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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Major sustainability drive launched in Kampala to align financial sector with global standards
KAMPALA, April 29, 2026— The Governor of the Bank of Uganda [BoU], Michael Atingi-Ego, has unveiled a major sustainability initiative aimed at aligning Uganda’s financial sector with global environmental, social and governance…
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New reforms rolled out to strengthen PDM SACCO governance
KAMPALA, April 29, 2026 — Government has unveiled a raft of strategic reforms aimed at strengthening governance, accountability and community participation in the Parish Development Model Savings and Credit Cooperative Organisations […
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Sovereignty Bill risks shilling collapse, investor exodus and debt crisis, BoU’s Atingi-Ego warns parliament
KAMPALA, April 29, 2026 — The Governor of the Bank of Uganda [BoU], Michael Atingi-Ego, has cautioned Parliament that passing the Protection of Sovereignty Bill, 2026 in its current form could destabilise…
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World Bank urges Uganda to exercise caution over Sovereignty Bill
KAMPALA, April 28, 2026 — The World Bank Group [WBG] has joined individuals and organisations expressing concern over Uganda’s controversial Protection of Sovereignty Bill, 2026. The Group has warned the Ugandan Parliament…
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Finance leader elected patron as Royal African Society marks 125th anniversary
LONDON, April 28, 2026 — The Royal African Society has unanimously elected Prof. Benedict Okey Oramah as its second Patron at an Extraordinary General Meeting, as the organisation celebrates its 125th anniversary.…
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House passes Shs 84.3 trillion 2026/27 national budget
KAMPALA, April 27, 2026 — Parliament has passed a Shs 84.3 trillion national budget for the 2026/2027 financial year following the adoption of the Appropriation Bill and the report of the Budget…
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Co-operative Bank of Kenya plans restructuring to holding company model
NAIROBI, April 26, 2025 — Co-operative Bank of Kenya, which last year posted its strongest-ever financial results, has unveiled plans for a significant corporate reorganisation that would see it transition into a…
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US credit unions warn CDFI funding cuts could hit small business lending
WASHINGTON DC., April 26, 2026 — US credit unions have warned that proposed cuts to the Community Development Financial Institutions [CDFI] Fund could undermine lending to small businesses in underserved communities. As…
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