Finance & Banking
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French Embassy, Stanbic collaborate to train start-ups for green economy
KAMPALA, October 3, 2025 — The Stanbic Business Incubator Limited [SBIL] has signed a new grant agreement with the Embassy of France in Uganda to finance the Green Tech Incubator and Accelerator…
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Landmark US$ 30mln disbursement to UDBL to boost economic growth
KAMPALA, October 3, 2025 — The Islamic Corporation for the Development of the Private Sector [ICD], a member of the Islamic Development Bank [IsDB] Group, has successfully disbursed a US$ 30 million…
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AfDB approves US$ 22.8mln grant to boost Mozambique’s rice production and build climate resilience
MAPUTO, October 2, 2025 — The African Development Bank Group [AfDB] has approved a US$ 22.8 million grant from its concessional African Development Fund to strengthen Mozambique’s rice value chain and enhance…
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Dfcu Bank opens new branch in Fort Portal City, targeting farmers and SMEs
FORT PORTAL CITY, October 1, 2025 — Dfcu Bank has expanded its footprint in the Tooro Sub-region with the opening of its 56th branch in Fort Portal City. Located along Babiiha Road,…
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AFC closes record US$ 1.5bln syndicated loan, its largest-ever facility
KAMPALA, September 30, 2025 — Africa Finance Corporation [ AFC ], the leading infrastructure solutions provider in Africa, has successfully closed its largest-ever debt facility, a landmark US$1.5 billion syndicated loan. This…
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UCSCU’s finance pool grows to Shs 6bln in two years
KAMPALA, September 29, 2025 — The Uganda Credit and Savings Cooperative Union [UCSCU] has announced that its Central Finance Facility [CFF] has grown to a savings portfolio of Shs 6 billion in…
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Wazalendo, Mushanga SACCOs urge sector to embrace innovation for greater impact
KAMPALA, September 27, 2025 – Leading players in Uganda’s Savings and Credit Cooperative Organisations [ SACCOs ] sector have called on their peers to invest in innovative approaches that go beyond financial…
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Court quashes bid to reinstate SACCO leaders amidst claims of fraud and irregular dismissal
KAMPALA, September 25, 2025 — The High Court in Kampala has dismissed an application by two ousted leaders of a teachers’ cooperative savings society, who were seeking a temporary injunction to block…
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SACCO Supervision Report 2024 unveiled in Nairobi as total assets hit Ksh 1.08trn
NAIROBI, September 25, 2025 —Kenya’s SACCO Supervision Regulatory Authority [SASRA] today released the much-anticipated SACCO Supervision Report 2024, painting a robust and resilient picture of Kenya’s regulated SACCO sector. The report was…
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Record-breaking year for cooperatives and mutuals as income hits £179.2bln
LONDON, September 24, 2025 – Cooperatives and mutuals across the UK have achieved a record-breaking year, generating a combined income of £179.2 billion and employing over 1.5 million people, according to the…
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