Finance & Banking
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African banking giants set sights on Kenya in East Africa expansion push
NAIROBI, March 20, 2026 — Kenya is emerging as the new battleground for Africa’s biggest banks, with major lenders racing to secure a foothold in what is increasingly seen as the gateway…
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Bank of Tanzania Joins AFC as equity shareholder, strengthening sovereign support and shareholder diversification
DAR ES SALAAM, March 19, 2026 — Africa Finance Corporation, the continent’s leading infrastructure solutions provider, today announced that the Bank of Tanzania [BOT] has made an equity investment in the Corporation,…
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Afreximbank announces opening of registration for 2026 certificate of trade finance in Africa
CAIRO, March 19, 2026 — The Afreximbank Academy [AFRACAD] has announced the opening of registration for its 2026 Certificate of Trade Finance in Africa [COTFIA], one of its flagship programmes designed to…
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Equity Group records historic Ksh 75.5bln profit amid regional expansion
KAMPALA, March 18, 2026—Kenya’s Equity Group Holdings Plc has reported its strongest financial performance on record, posting a 55 percent increase in profit after tax to Ksh 75.5 billion for the year…
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IBANDA: SACCO posts record growth as members warned against dormant accounts, loan defaults
IBANDA, March 18, 2026 — ISSIA SACCO has recorded what Board Chairman Chris Boonah described as a period of “tremendous growth”, even as the leadership warned members over rising dormant accounts and…
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MUK Staff SACCO pools Shs 3.25bln in one year
KAMPALA, March 17, 2026 — Staff at Makerere University Kampala have pooled at least Shs 3.25 billion through their Savings and Credit Cooperative Organisation [ SACCO ] in just 14 months, underscoring…
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MTN Group reports strong 2025 results, unveils Ambition 2030 strategy
KAMPALA, March 16, 2026 — MTN Group has reported strong operational and financial results for 2025, marking the successful conclusion of its Ambition 2025 strategy while unveiling a new long-term roadmap aimed…
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Uganda’s public debt hits Shs 131 trillion in December 2025
KAMPALA, March 16, 2026 — Uganda’s public debt has risen to approximately Shs 131 trillion, up from Shs 128.6 trillion recorded in September 2025, according to the latest report from the Ministry…
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Mbale City: Pearl Bank donates water tanks and food items to IUIU
MBALE CITY, March 16, 2026 — On Friday, Pearl Bank Uganda conducted a community outreach at Islamic University in Uganda [IUIU] Mbale Main Campus, donating two 10,000-litre water tanks and assorted food…
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Leaders warned over loan defaults at 27th AGM of Shuuku SACCO
SHEEMA, March 16, 2026 — Cooperative experts and delegates have issued a stern warning to the leaders of Savings and Credit Cooperative Organisations [SACCOs] to desist from loan defaults, a practice they…
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