Finance & Banking
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AfDB approves new programme to Help African countries turn energy promises into power for millions
ABIDJAN, January 31, 2026 — The Board of Directors of the African Development Bank [AfDB] has approved a new US$ 3.9 million, two-year technical assistance project to support African countries in the implementation of their…
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SACCO sector wins big as Museveni halts BoU regulation, directs extension of tax exemption beyond 2027
KAMPALA, January 30, 2026 — The Savings and Credit Cooperative Organisations [SACCOs] sector has secured significant policy commitments from the Government of Uganda following successful high-level lobbying and advocacy engagements led by…
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Finance Trust Bank loses Tier I commercial bank licence
KAMPALA – January 29, 2026 – The Bank of Uganda [BoU] has downgraded Finance Trust Bank [FTB] from a Tier I commercial bank to a Tier II credit institution, in line with…
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Govt to spend less in FY 2026/27 – Finance ministry
KAMPALA, January 29, 2026 — The preliminary resource envelope for the financial year [FY] 2026/27 is estimated at Shs 69.399 trillion, down from Shs 72.376trn in the current FY 2025/26, according to…
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Afreximbank bolsters Angola’s energy sector with a US$ 1.75bln facility for national oil company
CAIRO, January 29, 2026 — African Export-Import Bank [Afreximbank], working with other mandated lead arrangers, has successfully closed a US$ 1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company.…
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Uganda ranks third in Africa Financial Markets Index
KAMPALA, January 28, 2026 — Uganda has retained third place in the 2025 Absa Africa Financial Markets Index [AFMI], reflecting continued progress in macroeconomic stability and market transparency. The AFMI assessed 28…
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KCB Bank entices salary earners with unsecured personal loans
KAMPALA, January 28, 2026 — A growing number of Ugandans are recognising that financial stability is rarely accidental. Instead, it is built through early planning, disciplined income management and timely access to…
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AfDB approves US$ 16.5mln loan to boost Kenya’s clean energy transition
NAIROBI, January 26, 2026 — TheAfrican Development Bank Group [AfDB] has approved a loan of US$ 16.5 million to support the development of the 35 MW OrPower Twenty-Two [OTTL] Geothermal Power Plant,…
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Cooperative banks hailed as pillars of Europe’s economy at landmark EACB General Assembly
ALMERIA, January 26, 2026— Cooperative banks have been reaffirmed as vital engines of Europe’s economy following the 57th General Assembly of the European Association of Cooperative Banks [EACB], held in Almería and…
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FINCA commits over Shs 100mln to support flood-affected Kampala traders
KAMPALA, January 25, 2026 — FINCA Uganda has committed more than Shs100 million towards a relief initiative aimed at supporting traders whose businesses were severely affected by flash floods caused by heavy…
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