Finance & Banking
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EBRD and Valu expand access to energy-efficient household solutions in Egypt
CAIRO, June 17, 2026 — The European Bank for Reconstruction and Development [EBRD] is supporting Egypt’s green transition through a loan of up to €10.7 million to U Consumer Finance, known by…
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Stanbic Bank, Prudential launch enhanced health cover with benefits of up to Shs 294mln
KAMPALA, June 16, 2026 — Uganda’s leading bank, Stanbic Bank Uganda Limited, in partnership with Prudential Assurance Uganda Limited, has launched an enhanced version of its Medi-Protect health insurance product, offering medical…
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Financial literacy is necessary, but it is not sufficient on its own
KAMPALA, June 16, 2026 — For decades, financial literacy has been viewed as the answer to financial exclusion. The assumption has been simple: if people understand financial products, they will naturally use…
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PDM SACCOs in Lira acquire office space to ease operations
LIRA, June 16, 2026 — At least four Parish Development Model Savings and Credit Cooperative Organisations [ PDM SACCOs ] in Lira district have acquired office space to improve operations and better…
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AFC backs US$ 7bln Dangote fertiliser expansion to strengthen Africa’s food security
LAGOS, June 16, 2026 — Africa Finance Corporation [AFC], the continent’s infrastructure solutions provider, is helping drive a US$ 7 billion fertiliser expansion programme by Dangote Group designed to triple production capacity…
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S&P Global Ratings assigns Afreximbank ‘BBB+/A-2’ investment grade rating
KAMPALA, June 16, 2026 — S&P Global Ratings has assigned African Export-Import Bank [Afreximbank] a ‘BBB+’ long-term issuer credit rating and an ‘A-2’ short-term issuer credit rating, with a Stable Outlook, reinforcing the…
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ATAF research calls for stronger and more structured gender-responsive tax systems across Africa
KAMPALA, June 15, 2026 — New research by the African Tax Administration Forum [ATAF], through its ATAF Women in Tax Network [AWITN], has highlighted the need for African countries to strengthen the…
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Kaabong district embarks on overhauling initial PDM SACCO leadership to strengthen governance
KAABONG, June 15, 2026 — The Kaabong District Local Government has launched a series of Special General Meetings [SGMs] aimed at restructuring the leadership of Parish Development Model Savings and Credit Cooperative…
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Ruto launches Shirikiana SACCO to deepen financial inclusion in Western Kenya
KAKAMEGA, June 15, 2026 — President William Samoei Arap Ruto has launched Shirikiana SACCO in Kakamega County, describing the cooperative as a major step towards expanding financial inclusion and accelerating grassroots economic…
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EBRD sets out new Approach to Financial Market Development
LONDON, June 14, 2023 — The European Bank for Reconstruction and Development [EBRD] has published its new Approach to Financial Market Development, underlining the central role of deep and resilient domestic financial…
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