Finance & Banking
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Africa losing US$ 88bln in illicit financial flows annually, says Among
KAMPALA, March 18, 2025 — Speaker of Parliament Anita Among has said illicit financial flows [IFFs] in Africa are making the continent to lose an estimated US$ 88 billion annually, and that…
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Access Bank’s Africa Trade Conference Ignites New Era of Intra-Africa Commerce
CAPE TOWN, March 14, 2025 — Access Bank PLC successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to drive solutions…
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BoU to regulate mortgage financing entities
KAMPALA, March 13, 2025 –– The Bank of Uganda [ BoU ] is set to regulate operations of mortgage refinancing institutions in the country once the Mortgage Refinance Institutions Bill, 2025 is…
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Credit referencing in Uganda: Unlocking opportunities for growth
KAMPALA, March 12, 2025 –– Uganda has a diverse range of credit providers, including commercial banks, credit institutions, and Microfinance Deposit-Taking Institutions [Tier 1 to Tier 3 financial institutions], Deposit-Taking Microfinance Institutions,…
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Standard Chartered boosts investment in its Futuremakers Women in Tech programme across Africa, the Middle East and Pakistan
KAMPALA, March 6, 2025 – Standard Chartered has today announced a partnership with Village Capital to continue and expand its Futuremakers Women in Tech Accelerator across Africa, the Middle East, and Pakistan.…
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AfDB and Standard Bank unite to support SMMEs and boost trade
JOHANNESBURG, February 26, 2025 — The African Development Bank Group [AfDB] and Standard Bank Group [SBG] on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises…
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AfDB, Interpol collaborate to combat financial crime and strengthen anti-corruption efforts in Africa
ABIDJAN, February 22, 2025 — The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the…
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Credit unions in US defend income tax exemption
NEW YORK, February 18, 2025 — Credit Unions in the United States of America [U.S.A] have launched a campaign explaining how they are different from commercial banks so that they can be…
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UDB bosses quizzed over loan distribution
KAMPALA, February 11, 2025 –– Members of Parliament on the Committee of National Economy are concerned about distribution of the Uganda Development Bank [UDB] financing as the government seeks loans totalling US$…
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Hard work pays: Atingi-Ego confirmed as new Governor of Bank of Uganda
KAMPALA, February 10, 2025 – President Museveni has confirmed Dr Michael Atingi-Ego as the new Governor Bank of Uganda [BoU], finally settling the concerns of bankers and other stakeholders in the local…
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