Finance & Banking
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Tanzania: Total SACCO assets reached TZS 1.46trn in 2024 – report
DODOMA, December 23, 2024 — The total assets of Savings and Credit Cooperative Organisations [SACCOs] in Tanzania rose to TZS 1.46 trillion in 2024 from TZS 1.33trn in 2023, representing an increase…
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UDB graduates first Mbarara cohort of investor-ready SMEs
MBARARA CITY, December 22, 2025 – Uganda Development Bank Ltd [UDB] has successfully graduated its first cohort of small and medium enterprises [SMEs] in Mbarara district, marking a significant milestone in its…
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AfDB and Nedbank sign multi-billion-rand funding partnership to transform housing access and boost African trade
PRETORIA, December 22, 2025— The African Development Bank Group [AfDB] and Nedbank Group have signed a landmark deal to boost access to affordable housing in South Africa and strengthen trade across the…
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ADF mobilises a historic US$11bln, marking a new era of African ownership and investment-led development
LONDON, December 20, 2025 — The African Development Fund [ADF], the concessional financing arm of the African Development Bank Group [AfDB], has secured a record US$ 11 billion from 43 Partners for…
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dfcu signs MoU with IBM, Envision Global to boost digital infrastructure
KAMPALA, December 17, 2025 — dfcu Bank has signed a tripartite Memorandum of Understanding [MoU] with global technology firm International Business Machines Corporation [IBM] and its Platinum Partner, Envision Global, in a…
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OPED: Why Africa requires homegrown trade finance to boost economic integration
By Cyprian Rono KAMPALA, December 17, 2025 — Africa’s quest to trade with itself has never been more urgent. With the African Continental Free Trade Area [AfCFTA] gaining momentum, governments are working…
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AfDB report projects US$ 1trn in additional GDP by 2035 with use of AI to enhance productivity
KAMPALA, December 15,2025 — The African Development Bank [AfDB] has released a report establishing a strategic roadmap for unlocking the economic and social potential of artificial intelligence [ AI ] across Africa.…
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Afreximbank breaks ground on its iconic trade centre and new headquarters in Egypt’s New Capital
KAMPALA, December 15, 2025 — African Export-Import Bank Afreximbank, Africa’s leading multilateral financial institution, yesterday marked a historic milestone with the groundbreaking ceremony of the Afreximbank African Trade Centre [AATC] in Egypt’s…
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African Development Bank approves US$ 10mln to catalyse Namibia’s large green hydrogen project
PRETORIA, December 14, 2025 — The African Development Bank’s Board of Directors has approved a $10 million loan to Hyphen Hydrogen Energy, a Namibian green hydrogen development company, to support a green…
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Benin: African Development Bank to invest €102mln to boost poultry meat production
ABIDJAN, December 13, 2025 — The Board of Directors of the African Development Bank Group meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of…
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