Finance & Banking
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Ethiopia bondholders plan lawsuit as US$ 1bln debt row escalates
ADDIS ABABA, February 3, 2026 — Private-sector investors are preparing legal action against Ethiopia over its US$ 1 billion Eurobond default, after official creditors—led by China and France—blocked a restructuring deal that…
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SACCO leaders applaud Museveni’s pledge to extend tax holiday
MBARARA CITY, February 3, 2026 – Leaders of Savings and Credit Cooperative Organisations [SACCOs] in Western Uganda have expressed relief and renewed focus on development following President Yoweri Museveni’s pledge to extend…
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India, China Lead Global GDP Growth
KAMPALA, February 2, 2026 — The International Monetary Fund [IMF] has placed China and, India at the top of the global real GDP growth chart and the two countries are projected to…
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Gov’t to further capitalise UDB for socio-economic transformation-Nabbanja
KAMPALA, February 2, 2026 — Prime Minister Robinah Nabbanja has reaffirmed government’s commitment to strengthening the capital base of the Uganda Development Bank [UDB] to enable the Bank to more effectively deliver…
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S&P assigns ‘A/A-1’ ratings with a positive outlook to AFC reflecting its robust credit profile
KAMPALA, February 1, 2026 — Africa Finance Corporation [AFC], the continent’s leading infrastructure solutions provider, today welcomed the assignment of ‘A’ long-term and ‘A-1’ short-term issuer credit ratings, with a Positive Outlook,…
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Stanbic Bank targets salaried and self-employed Ugandans with ‘Oli In Charge’ loan campaign
KAMPALA, January 31, 2026 — Stanbic Bank Uganda has launched the ‘Oli In Charge’ campaign to provide affordable financing solutions for both salaried and self-employed workers, helping them achieve their financial goals.…
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AfDB approves new programme to Help African countries turn energy promises into power for millions
ABIDJAN, January 31, 2026 — The Board of Directors of the African Development Bank [AfDB] has approved a new US$ 3.9 million, two-year technical assistance project to support African countries in the implementation of their…
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SACCO sector wins big as Museveni halts BoU regulation, directs extension of tax exemption beyond 2027
KAMPALA, January 30, 2026 — The Savings and Credit Cooperative Organisations [SACCOs] sector has secured significant policy commitments from the Government of Uganda following successful high-level lobbying and advocacy engagements led by…
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Finance Trust Bank loses Tier I commercial bank licence
KAMPALA – January 29, 2026 – The Bank of Uganda [BoU] has downgraded Finance Trust Bank [FTB] from a Tier I commercial bank to a Tier II credit institution, in line with…
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Govt to spend less in FY 2026/27 – Finance ministry
KAMPALA, January 29, 2026 — The preliminary resource envelope for the financial year [FY] 2026/27 is estimated at Shs 69.399 trillion, down from Shs 72.376trn in the current FY 2025/26, according to…
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