Finance & Banking
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AfDB supports small horticultural businesses in TZ with US$ 2.5mln grant
DODOMA, October 23, 2013 – The Board of Directors of the African Development Bank [AfDB] has approved a U$ 2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. According…
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BoU injects Shs 800bln in agriculture
LIRA, October 21, 2023 – The Bank of Uganda [ BoU ] has so far disbursed Shs 800 billion to farmers in the country under the Agricultural Credit Facility [ACF] introduced by…
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Uganda: First-ever Islamic Finance Conference to be held in Kampala
KAMPALA, October 18, 2023 – The inaugural Islamic Finance Conference takes place tomorrow in Kampala, according to Moses Emuron, Manager, Business Development & Risk Management at BDO East Africa Uganda. “BDO, Signum…
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Egypt issues Africa’s first Sustainable Panda Bond worth US$ 478.7mln
CAIRO, October 18, 2023 – Egypt has successfully issued a three-year Sustainability Panda Bond worth US$ 478.7 million. The North African nation is the first on the continent to do so, a…
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Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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Absa Africa Financial Markets Index 2023 reveals continued progress in developing African financial markets
LONDON, October 12, 2023 – The 2023 Absa Africa Financial Markets Index [AFMI] reveals there has been continued progress in developing financial markets across Africa in the past year, with many of…
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AfDB, EBID sign loan agreement for US$ 50mln and € 50mln to enhance regional food security
ABIDJAN, October 6, 2023 – The African Development Bank [AfDB] and the ECOWAS Bank for Investment and Development [ EBID ] have signed an agreement for a dual currency line of credit…
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West Africa aims to accelerate construction of Abidjan to Lagos highway
LAGOS, October 4, 2023 – Heads of State in the Economic Community of West African States [ECOWAS] have decided to speed up the construction of the highway between Abidjan and Lagos, a…
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BoU appoints eight commercial banks as Primary Dealer Market Makers
KAMPALA, September 28, 2023 -The Bank of Uganda [BoU] has appointed eight commercial banks as Primary Dealer Market Makers [PDMM] effective October 1, 2023. According to Kenneth Egesa, Director Communications at BoU,…
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