Finance & Banking
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Uganda leads East Africa in financial-market development but shallow capital markets remain a weak link
KAMPALA, October 15, 2026 — Uganda has emerged as the strongest-performing financial market in East Africa among the economies assessed in the 2026 Absa Africa Financial Markets Index [AFMI], outperforming Kenya, Tanzania…
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BoU raises interest rate to 12 percent as weak shilling fuels inflation risks
KAMPALA, October 14, 2026 — The Bank of Uganda [BoU] has raised its benchmark interest rate to 12 percent from 9.75 percent set two years ago, tightening monetary policy in response to…
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Uganda: Fintech sector pushes for special fund for local innovation
KAMPALA, October 13, 2026 — Uganda’s fintech sector has asked the government to establish a dedicated fund to finance local innovation, build technical capacity and help home-grown technology companies develop solutions capable…
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World Bank Group launches Philanthropy Hub to mobilise development capital
BANGKOK, October 13, 2026 — The World Bank Group has launched a Philanthropy Hub to strengthen collaboration with philanthropic organisations and mobilise capital, expertise and knowledge for development. The Hub will serve…
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Ugandan finance officials in Thailand for 2026 IMF and World Bank Annual Meetings
BANGKOK, October 13, 2026 — Finance Minister Henry Musasizi, Permanent Secretary and Secretary to the Treasury, Ramathan Ggoobi, Bank of Uganda [BoU] Governor Michael Atingi-Ego, and other senior officials from the two…
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Absa index to assess a decade of Africa’s financial market development
BANGKOK, October 10, 2026 — The 10th edition of the Absa Africa Financial Markets Index will assess a decade of transformation in Africa’s financial markets when it is launched at the International…
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Africa’s top 100 banks record 23 percent capital surge to US$155bln
KAMPALA, October 10, 2026 — Africa’s 100 largest banks have recorded a 23 percent increase in combined Tier 1 capital to a record US$ 155 billion, supported by stronger economic growth, improved…
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Ugandan businesses cut borrowing as credit costs and economic pressures bite
KAMPALA, October 7, 2026 — Borrowing by Ugandan businesses has fallen sharply, with new Bank of Uganda [BoU] data showing a steep decline in loan applications amid concerns over lending costs and…
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New GEMs returns data strengthen the evidence for investing in emerging markets
KAMPALA, October 7, 2026 — New statistics released days ago by the Global Emerging Markets Risk Database [ GEMs ] Consortium provide investors, credit rating agencies, regulators and policymakers with a broader…
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Gov’t capitalises UDB to Shs 2.2 trillion to drive industrial, export growth
KAMPALA, October 6, 2026 — The Government has capitalised Uganda Development Bank [ UDB ] to Shs2.2 trillion, including an additional Shs 442.2 billion injected during the 2026/27 financial year, to strengthen…
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