Finance & Banking
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Co-operative Bank of Kenya to pay shareholders Ksh 8.8bln in dividends
NAIROBI, March 25, 2024 – The Co-operative Bank of Kenya has maintained a dividend of Ksh 1.5 per share for the year ended December 31, 2023 after it recorded a 5.2 percent…
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WSACCO opens 10th branch in Fort Portal City
FORT PORTAL CITY, March 19, 2024 – In a bid to bring services closer to its members, Wazalendo Savings and Cooperative Society Limited [ WSACCO ] has opened its 10th cash branch…
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Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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BoU warns banks over slow disbursement of ACF and SBRF loans
MBARARA CITY, March 18, 2024 – The Bank of Uganda [BoU] has asked commercial banks in the country to increase the speed at which they are disbursing loans under the Agricultural Credit…
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Equity Bank trains women in financial management
FORT PORTAL CITY, March 16, 2024 – As part of celebrating women’s achievements in the country, Equity Bank Uganda is empowering women who run small-scale businesses in financial literacy in a bid…
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Uganda secures Shs 468bln loan from IMF
KAMPALA, March 7, 2024: The Executive Board of the International Monetary Fund [ IMF ] yesterday concluded the fifth review of Uganda’s Extended Credit Facility [ECF] Arrangement, enabling the immediate disbursement of…
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Standard Chartered celebrates International Women’s Day with 50 girls to inspire inclusion
KAMPALA, March 6, 2024 – Standard Chartered Bank Uganda and BRAC have celebrated International Women’s Day with 50 girls whom they have been supporting as part of the Goal Girls Programme. The…
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UDB’s total assets hit Shs 1.6trn in 2023-report
KAMPALA, March 1, 2024 – The Uganda Development Bank [ UDB ] has released unaudited report for 2023, showing the Bank’s total assets grew by 8 percent to Shs 1.64 trillion from…
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AfDB approves US$ 150mln for Trade & Development Bank
ABIDJAN, February 29, 2024 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 150 million Trade Finance Unfunded Risk Participation Agreement [RPA] facility between the AfDB,…
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UMRA protests merger, asked to present comprehensive report on achievements
KAMPALA, February 28, 2024 – The Uganda Microfinance Regulatory Authority [ UMRA ] is against the move by government to push it back to the mother Ministry of Finance, saying that its…
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