Finance & Banking
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PAPSS hosts its inaugural Bank Chief Executive Officers Consultative Forum
CAIRO, May 13, 2024 – Promoters of the Pan-African Payment & Settlement System [ PAPSS ], namely African Export-Import Bank [Afreximbank], African Union Commission [AUC] and African Continental Free Trade Area [AfCFTA]…
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Cooperators urged to mobilise Shs 300bln to capitalise National Cooperative Bank
MBARARA, May 10, 2024 – Cooperators, and cooperatives in Uganda have been told to be ready to raise Shs 300 billion to capitalise the new proposed National Cooperative Bank. According to the…
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Standard Chartered awarded “Best-performing Primary Dealer Market Maker”
KAMPALA, May 9, 2024 – Standard Chartered Bank Uganda [BoU] has been awarded the ‘Best-performing Primary Dealer Market Maker [PDMM] for the year ended September 2023, earning the honour for the second…
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NCBA Bank, NFA partner to plant 20,000 trees
KAMPALA, May 8, 2024 – NCBA Bank Uganda has partnered with the National Forestry Authority [NFA] to embark on an environmental sustainability journey to plant 20,000 trees this year, covering 30 hectares.…
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UDB, MD Ojangole on list of nominees for African Banker Awards 2024
KAMPALA, May 8, 2024 – African Banker magazine has announced the shortlist of nominees for this year’s edition of its African Banker Awards. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals…
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Co-operative Bank of Kenya gets US$ 25mln for women-led MSMEs
NAIROBI, May 6, 2024 – The Co-operative Bank of Kenya has received a US$ 25 million long-term loan from a German fund DEG for lending to women-led micro, small and medium sized…
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New CMN rules could boost consolidation for Brazilian cooperative credit system
By Claudio Gallina RIO DE JANEIRO/SAO PAULO, May 3, 2024 – Fitch Ratings views the enactment of the National Monetary Council [ CMN ] Resolution No. 5,131 [R5131] as a positive regulatory…
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IsDBI issues annual report highlighting innovative solutions for Islamic finance and development
RIYADH, May 2, 2024 – The Islamic Development Bank Institute [IsDBI] has issued its annual report for the year 2023, showcasing its activities and accomplishments in Islamic finance transformation and creative solutions…
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Kenyan farmers get fertiliser boost with US$ 2mln AFFM credit guarantee
NAIROBI, April 28, 2024 – In a significant step to advance food security in Kenya, the Africa Fertiliser Financing Mechanism [AFFM] on Friday launched a project that will help deliver nearly 8,000…
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Rwanda: ADF to provide a partial credit guarantee to support the financing of green and sustainable initiatives
ABIDJAN, April 25, 2024 – The Board of Directors of the African Development Fund [ADF], the concessional lending arm of the African Development Bank Group [AfDB], has approved a partial credit guarantee…
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