Finance & Banking
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Promoting Financial Inclusion in Uganda: Equity Bank Commits to Supporting More SACCOs
KAMPALA, June 2, 2026 — Equity Bank Uganda has reaffirmed its commitment to extending financial support to more Savings and Credit Cooperative Organisations [SACCOs] as part of its efforts to promote financial…
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Banking Uganda’s Economy: Unlocking Inclusive Growth Through Financial Inclusion and Digital Finance
UGAFODE Financial Pathways KAMPALA, June 2, 2026 — Uganda is at a crucial stage in its economic development. Over the past two decades, the country has achieved steady economic growth, expanded digital…
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Spiro secures US$ 215mln to expand electric mobility infrastructure across Africa
KAMPALA, May 2, 2026 — Africa’s largest electric vehicle [EV] company Spiro has raised US$ 215 million [about Shs 817,000,000 billion] in fresh equity financing to accelerate the expansion of its electric…
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EBRD launches inaugural Economic Governance Strategy
LONDON, June 1, 2026 — The European Bank for Reconstruction and Development [ EBRD ] has launched its inaugural Economic Governance Strategy, reaffirming its commitment to strengthening economic governance across the economies…
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Invest Africa, and FirstBank UK to Host Joint Closing Reception as part of The Africa Debate 2026
LONDON, June 1, 2026 — The Mayor of London and FirstBank UK have announced a joint Closing Reception, marking the conclusion of The Africa Debate 2026, taking place this Wednesday at The…
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AfDB commits Shs 2.4trn to Uganda’s SGR project
KAMPALA, June 1, 2026 — The African Development Bank [AfDB] has reaffirmed its commitment to financing the construction of Uganda’s long-awaited Standard Gauge Railway [ SGR ], providing a major boost to…
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AfDB’s 2025 Annual Report Highlights Strong Results and a New Chapter for Africa’s Transformation
BRAZZAVILLE, June 1, 2026 — The African Development Bank Group [AfDB] has released its 2025 Annual Report, showcasing another year of strong development results and reaffirming its commitment to advancing a prosperous, inclusive,…
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Africa’s growth holds firm amid global turbulence, says 2026 African Economic Outlook
BRAZZAVILLE, May 31, 2026 — Africa’s economies are projected to grow at 4.2 percent in 2026, moderating slightly from 4.4 percent in 2025, before rebounding to 4.4 percent in 2027. The findings…
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BoU approves sale of Standard Chartered’s wealth and retail banking business to Absa
KAMPALA, May 30, 2026 — The Bank of Uganda [BoU] has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking [WRB] business to Absa Bank Uganda Limited, marking a…
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AM2026: AfDB 2025 Trade Finance Report highlights resilience of African financial institutions after Covid-19
BRAZZAVILLE, May 30, 2026 — The fifth edition of the African Development Bank’s [AfDB] Trade Finance Report paints a picture of resilient African financial institutions in the post Covid-19 years, despite a…
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