Finance & Banking
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BoU launches domestic gold purchase pilot to boost reserves
KAMPALA, April 21, 2026 — The Bank of Uganda [BoU] has launched a three-year pilot Domestic Gold Purchase Programme aimed at strengthening the country’s foreign exchange reserves by buying and processing locally…
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Sovereignty Bill risks deterring investment and trade, bankers warn
KAMPALA, April 20, 2026 — The Uganda Bankers’ Association [UBA] has raised concerns over the draft Protection of Sovereignty Bill, 2026, warning that it could deter investment and undermine the country’s economic…
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MPs irked as Shs 46bln lies idle on Science ministry’s bank account
KAMPALA, 20 April 2026 — The Budget Committee has summoned officials from the Ministry of Science, Technology and Innovation [STI] to explain why Shs 46 billion allocated for innovation has remained unutilised…
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Parliamentary report calls for reform of PDM funding structure to ensure equity
KAMPALA, April 20, 2026 — The Parliamentary Committee on Finance, Planning and Economic Development has called for an urgent review of the Parish Development Model [PDM] funding structure, warning that its uniform…
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SACCOs positioned to expand financial inclusion for refugees in Kenya, new report says
Nairobi, April 19, 2026 —A new report from the World Council of Credit Unions [WOCCU], developed in partnership with the African Confederation of Cooperative Savings and Credit Associations [ACCOSCA], highlights the critical role…
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WOCCU 2026 Global Regulatory Update Highlights Geopolitics as Defining Force in Financial Services
KAMPALA, April 18, 2026—World Council of Credit Unions [ WOCCU ] has released its 2026 Global Regulatory Update, outlining how geopolitical forces are fundamentally reshaping financial services regulation worldwide. The report finds…
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MDBs unite on new global framework to measure job creation impact
KAMPALA, April 18, 2026 — A coalition of leading multilateral development banks [ MDBs ] has announced a landmark agreement to adopt a common approach to measuring how their investments contribute to…
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AfDB, ESM sign MoU to enhance cooperation
WASHINGTON, D.C., April 18, 2026 — The African Development Bank Group [AfDB] and The European Stability Mechanism [ESM] have signed a Memorandum of Understanding [MoU] to formalise and strengthen cooperation between the…
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BoU warns Masindi locals against unregulated financial institutions as outreach exposes service gaps
MASINDI, April 17, 2026 — The Bank of Uganda [BoU] has cautioned residents of Masindi district against keeping money at home or entrusting it to unregulated financial institutions, warning that such practices…
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Alert over NGO funding scam targeting East Africa
KAMPALA, April 17, 2026 — The National Council of Non-Governmental Organisations [NaCONGO] has issued a security alert warning non-governmental organisations across Tanzania and the wider African region about a fraudulent funding scheme…
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