Finance & Banking
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Nandala Mafabi to Kwania residents: Vote for me and I will revive Cooperative Bank
KWANIA, October 18, 2025 — Forum for Democratic Change [FDC] presidential candidate, Nathan Nandala Mafabi, has pledged to revive the defunct Cooperative Bank if elected President of Uganda in the upcoming January…
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Africa advances despite global headwinds – AFMI 2025
KAMPALA, October 16, 2025 — The past 12 months have seen highs and lows around the world. Difficult macroeconomic conditions, compounded by a turbulent trade environment and geopolitical tensions, have created challenges…
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Banks make US$ 26 billion in a decade of financing deforesting companies
KAMPALA, October 15, 2025 — Banks and asset managers have made US$ 26 billion in income from financing deforesting companies since the Paris Agreement, according to a new investigation by Global Witness,…
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Gov’t releases Shs 18.43trn for second quarter of FY 2025/2026
KAMPALA, October 14, 2025 – The Ministry of Finance, Planning and Economic Development [MoFPED] has announced the release of Shs 18.43 trillion for the second quarter [Q2] of the 2025/26 Financial Year…
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Stability over spectacle: African banks navigate a changing landscape in 2025
KAMPALA, October 14, 2025 — Africa’s banking sector has weathered another steady, if unspectacular, year, according to the African Business 2025 ranking of the continent’s Top 100 Banks. The latest data reveals…
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Uganda’s pursuit of revenue resilience: A FY 2023/2024 story
KAMPALA, October 12, 2025 — The Directorate of Economic Affairs under the Ministry of Finance, Planning and Economic Development [MOFPED] has released a critical report on the country’s economic lifeline its domestic…
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African Trade Experts to Meet in Abidjan for ATFS2025 and Factoring Workshop
CAIRO, October 10, 2025 — As global financial headwinds continue to squeeze emerging markets, Africa’s trade finance gap, estimated at up to US$ 100 billion annually, will once again come under the…
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CIC partners with TDB and Swiss bank, Vontobel to launch the CIC Global Balanced Special Fund
NAIROBI, October 9, 2025 — CIC Insurance Group has partnered with the Trade Development Bank [TDB] for strategic sponsorship to strengthen its offshore positioning through an operational partnership with Swiss private bank Vontobel that is also tasked with…
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Bank of Uganda reports rise in expenses and loan adjustments for FY 2024/2025
KAMPALA, October 9, 2025 — The Bank of Uganda’s [BoU] latest Integrated Annual Report for the 2024/2025 financial year ended June 30 2025 shows that the Central Bank’s operating expenses, staff costs,…
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Absa Africa Financial Markets Index 2025 to launch on October 16
KAMPALA, October 6, 2025 — For the ninth consecutive year, the Absa Africa Financial Markets Index will evaluate the development of financial markets across Africa, with a particular focus on market accessibility,…
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