Finance & Banking
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Developing countries’ debt outflows hit 50-year high during 2022-2024
KAMPALA, December 3, 2025 — Developing countries paid out US$ 741 billion more in principal and interest on their external debt than they received in new financing between 2022 and 2024—the largest…
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Colombo event highlights urgent need for cooperative capital reforms
COLOMBO, November 29, 2025 — The 17th ICA–AP Regional Assembly in Colombo, Sri Lanka, hosted a powerful and insightful discussion during a session titled “Tackling the Cooperative Capital Conundrum with Resilient Financing.”…
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Stanbic Ongea Digital Creators Summit launched in Kampala
KAMPALA, November 28, 2025 — Stanbic Bank Uganda in partnership with Uganda Communications Commission [UCC], Ongea Africa and the Uganda Digital Society have launched a new national platform aimed at equipping young…
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Climate finance: from transition to transformation
By Rumi Mahmood LONDON, November 27, 2025 — Physical climate risk has become one of the most consequential forces shaping global markets. What once appeared as an external environmental issue now registers…
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Stanbic Bank, FinCom launch first fully digital lending solution for schools
KAMPALA, November 25, 2025 — Stanbic Bank Uganda has partnered with FinCom Technologies, creators of the SchoolPay platform, to unveil the country’s first fully digital lending system designed specifically for schools. The…
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Brazil’s innovative ‘Pix’ payment system irritates Trump and Zuckerberg
RIO de JANEIRO, November 24, 2025 — Brazil’s innovative payment system Pix launched in 2020 and used by 93 percent of Brazilian adults has been angering United States President Donald Trump and…
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Commercial lending rates in Uganda ease in September 2025, report shows
KAMPALA, November 23, 2025 — Commercial lending rates in Uganda eased slightly in September 2025, according to the Performance of the Economy Monthly Report for October 2025. The weighted average lending rate…
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Kenya: SACCOs urged to raise performance
NAIROBI, November 22, 2025 — Savings and Credit Cooperative Organisations [SACCOs] in Kenya have been urged to intensify efforts to strengthen capital retention by expanding credit access to their members. Loan provision…
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BoU’s Atingi-Ego calls for stronger COMESA cooperation amid global shocks
KAMPALA, November 20, 2025 — The Bank of Uganda [BoU] Governor and Chairperson of the COMESA Committee of Governors of Central Banks, Michael Atingi-Ego, has called for stronger regional coordination, credible policy…
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AfDB rallies stock exchanges to reinvent Africa’s financial future
KAMPALA, November 20, 2025 — The African Development Bank Group [AfDB] on Tuesday commenced a round of high-level meetings with African development finance institutions and private sector financial partners to forge a…
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