Finance & Banking
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Teso farmers struggling to access Agricultural Credit Facility
SOROTI, August 6, 2025 –– Farmers in the Teso Subregion in eastern Uganda are facing difficulties accessing the Agricultural Credit Facility [ACF], which was established to help boost agricultural production. The ACF…
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New law to require bankers to hold professional practising licence
KAMPALA, August 3, 2025 –– The Government of Uganda plans to table a new bill in Parliament that will require all practising bankers in the country to hold a professional practising licence.…
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Pride Bank wins big at the 2025 Annual Agricultural Excellence Awards
KAMPALA, July 30, 2025 – Pride Bank Limited has been honoured with the Agri-Finance Award [Credit Finance] at the prestigious 2025 Annual Agricultural Excellence Awards. Held under the theme ‘Celebrating Excellence and…
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Uganda launches stocktake of updated NDC and begins development of NDC 3.0
KAMPALA, July 29, 2025— The Government of Uganda, with support from the African Development Bank [AfDB], has officially launched the stocktake of its updated Nationally Determined Contribution [ NDC ] and initiated…
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Sierra Leone and AfDB target US$ 90bln in annual illicit financial flows
FREETOWN, July 27, 2025 — A four-day high-level seminar concluded last week with concrete recommendations to combat the estimated US$ 90 billion that Africa loses annually to illicit financial flows, as the…
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Private sector credit growth remains flat as lending rates rise – report
KAMPALA, July 27, 2025 — Growth in Uganda’s private sector credit remained largely subdued between April and May 2025, even as lending rates edged higher, according to the Performance of the Economy…
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Benin: AfDB approves over US$ 30mln to protect farmers from climate shocks and food insecurity
ABIDJAN, July 26, 2025 — The Board of Directors of the African Development Bank Group [AfDB] has approved US$ 30.25 million in financing for a groundbreaking climate protection and agricultural sector resilience…
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BoU raises Shs 1.86trn from treasury bills and bonds in June 2025
KAMPALA, July 24, 2025 — Uganda’s domestic debt market remained active in June 2025, with the government through Bank of Uganda [BoU] raising Shs 1.86 trillion from three auctions of treasury bills…
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Over 50 SACCOs face auction over Ksh 1.36bln in unpaid KUSCCO loans
NAIROBI, July 24, 2025 — At least 58 Savings and Credit Cooperatives [SACCOs] across Kenya are at risk of losing their assets through auction after defaulting on loans totaling Ksh 1.36 billion…
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Africa: New bank leadership, capital strategies drive African mining investment push
CAPE TOWN, July 23, 2025 — Several African multilateral banks and financial institutions have undergone significant leadership transitions this year aimed at aligning financial strategies with the continent’s evolving development and industrialisation…
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