Finance & Banking
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Finance ministry seeks parliament’s approval to waive Shs 1.3bn UCA tax arrears
KAMPALA, October 31, 2025 — The Ministry of Finance, Planning and Economic Development [MOFPED] has requested Parliament’s approval to waive tax arrears amounting to Shs 1,313,376,467 owed by the Uganda Cooperative Alliance…
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Commodity prices to hit six-year low in 2026 as oil glut expands
KAMPALA, October 30, 2025 — Global commodity prices are projected to fall to their lowest level in six years in 2026, marking the fourth consecutive year of decline, according to the World…
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Huawei and Cooperative Bank of Oromia launch green data centres to boost Ethiopia’s digital finance
ADDIS ABABA, October 29, 2025 — Huawei Digital Power and the Cooperative Bank of Oromia [COOP] have deployed next-generation, AI-enabled data centre solutions in Ethiopia to strengthen the reliability, security and sustainability…
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Uganda, others to benefit as AfDB receives Shs 700bln to catalyse financing for smallholder farmers
KAMPALA, October 27, 2025 — The Global Agriculture and Food Security Programme [GAFSP] has announced the first allocation from its new private sector financing window to the African Development Bank [ AfDB…
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Bank of Uganda report hails national economy amid global uncertainty
KAMPALA, October 25, 2025 — Uganda’s economy has continued to display strong resilience and stability despite a complex and evolving global environment marked by geopolitical tensions, commodity price swings and tight financial…
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Pearl Bank’s Wendi and Stanbic Bank’s FlexiPay, integrate to drive digital financial inclusion
KAMPALA, October 24, 2025 — Through a partnership that signals collaboration over competition, Pearl Bank Uganda [formerly PostBank Uganda], and Stanbic Bank Uganda have announced the integration of their digital wallets [Wendi,…
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Youth-led VSLA commends gov’t for availing affordable finance
APAC, October 24, 2025 — The Maruzi Youth Village Savings and Loan Association [VSLA], based in Apac Municipality, has praised the government for its continued financial support through the Microfinance Support Centre…
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AFC secures US$ 100mln facility to finance renewable energy and low-carbon transport projects in Sub-Saharan Africa
LAGOS, October 22, 2025 — Africa Finance Corporation [ AFC ], the leading infrastructure solutions provider in Africa, has secured a US$ 100 million, 10-year term loan facility from FinDev Canada, Canada’s…
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MSC urges SACCOs to lend responsibly and embrace Islamic financing principles
LIRA CITY, 20, 2025 — The Microfinance Support Centre [MSC] has urged Savings and Credit Cooperative Organisations [ SACCOs ] in the Lango and Acholi sub-regions to lend only to individual members…
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World Bank boss calls for job-centred development in major speech at 2025 Annual Meetings
MARRAKESH, October 20, 2025 — In a sweeping address at the World Bank Group’s Annual Meetings, President Ajay Banga delivered a rallying call for development focused on job creation, private sector mobilisation,…
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