Finance & Banking
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UDB reports net profit of Shs 57.8 billion as total assets grow by 7 percent in 2024
KAMPALA, June 20, 2025 –– Uganda Development Bank Ltd [ UDB ] has reported a net profit after tax of Shs 57.8 billion for the year ended December 31, 2024, representing a…
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Alebtong: Capital for women entrepreneurs’ Emyooga SACCO grows to Shs 129mln
ALEBTONG, June 20, 2025 –– The Moroto Women Entrepreneurs Savings and Credit Cooperative Organisation [ SACCO ] in Alebtong district is experiencing significant growth following an additional funding boost of Shs 50…
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Positive customer demand bolsters business conditions in May
KAMPALA, June 19, 2025 –– Confidence in Uganda’s private sector rose to its highest level in nearly two years, as the headline Stanbic Bank Purchasing Managers’ Index [PMI] climbed to 56.4 in…
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WSACCO empowers UPDF soldiers in Somalia with financial literacy
KAMPALA, June 19, 2025 —Wazalendo Savings and Credit Cooperative Society [WSACCO] has launched a financial literacy and empowerment campaign targeting Uganda Peoples’ Defence Forces [UPDF] troops deployed in Somalia under the United…
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Gov’t warns money lenders against breaking the law
KAMPALA, June 19, 2025 –– The State Minister for Microfinance, Haruna Kasolo Kyeyune, has issued a strong warning to money lenders operating outside the law, stating that the government will take decisive…
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African Credit Rating Agency to launch by September 2025
ADDIS ABABA –– The African Credit Rating Agency [AfCRA], a privately owned financial rating body, is expected to begin operations by September 2025. The agency will provide credit ratings tailored to the…
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PostBank Uganda rebrands to serve public better
KAMPALA, June 5, 2025 – PostBank Uganda is set to rebrand as a Tier I commercial bank under the new name Pearl Bank Uganda Limited, subject to approval by the Bank of…
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Emyooga SACCO to issue more loans to members
GULU CITY, June 4, 2025 –– The Gulu City Local Leaders’ Emyooga SACCO in Bardege-Layibi Division is set to disburse Shs 70 million in loan to member savings groups this month. Patrick…
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National Budget Month for FY 2025/26 Launched
KAMPALA, June 2, 2025 — Finance Minister Matia Kasaija has launched the national budget month activities for FY 2025/26 at the Uganda Media Centre. During the launch that took place in Kampala, Finance…
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Curtain falls on African Development Bank Group 2025 Annual Meetings, New President Elected
ABIDJAN, May 31, 2025 — The African Development Bank Group’s 2025 Annual Meetings closed on Friday with a plenary session, following five days of meetings and discussions on Africa’s development landscape. The…
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