Finance & Banking
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Excitement as Inomo Oil Seed Cooperative launches SACCO
KWANIA, June 13, 2024 – Members of Inomo Oil Seed Cooperative Society Limited in Inomo Subcounty Kwania district have launched a Savings and Credit Cooperative Society [SACCO] intending to improve their livelihoods.…
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Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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Greening: KCCA, Absa Bank partner to plant over 3,000 trees
KAMPALA, June 8, 2024 – Capital City Authority [KCCA] has partnered with Absa Bank Uganda to plant 3,300 trees at KCCA’s Agricultural Resource Centre in Kyanja situated on an expanse of 4.9…
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Africa: Ecobank Group launches 2024 Fintech Challenge with Shs 190mln prize
LOME, June 8, 2024 – Ecobank Group which also operates in Uganda has launched the 2024 Fintech Challenge and is calling for applications from across Africa, according to a press release. This…
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Agreement to drive sustainable development through Islamic Finance signed
JEDDAH, June 6, 2024 – The Islamic Development Bank Institute [IsDBI] and the General Council for Islamic Banks and Financial Institutions [CIBAFI] signed a Grant Agreement to collaborate towards advancing Islamic finance…
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Equity Bank awarded for promoting financial literacy and inclusion
KAMPALA, June 4, 2024 -Equity Bank Uganda has been recognised and awarded for promoting financial literacy and inclusion in the country by the Uganda Financial Literacy Association [UFLA], an umbrella body that…
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United Bank for Africa: Shareholders approve payment of N78.7 billion dividend
LAGOS, June 3, 2024 The shareholders of the United Bank for Africa [UBA] Plc, have congratulated the Board of Directors, management and staff of the Bank for the impressive performance recorded over…
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African Development Bank Group Unveils New Ten-Year Strategy 2024–2033
NAIROBI, June 1, 2024 – The African Development Bank Group has unveiled its new Ten-Year Strategy 2024–2033, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back…
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Agreement to expand American Express acceptance in Sub-Saharan Africa signed
NAIROBI, Kenya, May 30, 2024 – American Express and Ecobank Group, the leading pan-African financial services Group, announced an agreement to significantly expand American Express Card acceptance in 21 countries in Sub-Saharan…
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Multilateral finance institutions win big at African Banker Awards 2024
KAMPALA, May 29, 2024 – The most prestigious event in the African banking calendar, the African Banker Awards Gala Ceremony 2024, took place last night at the JW Marriott Hotel in Nairobi,…
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