Finance & Banking
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Bunyoro farmers challenged to take advantage of ACF
HOIMA – Farmers in Bunyoro Sub-region have been urged to take advantage of the Agriculture Credit Facility [ ACF ] initiated by government to boost commercial farming in the country. Joseph Mutaka,…
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Egypt acquires equity in BRICS New Development Bank
CAIRO-One of Africa’s economic powerhouses, Egypt recently took an equity in the BRICS New Development Bank [NDB], weeks after President Abdel-Fattah El-Sisi visited India as a chief guest for the Republic Day…
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UDB readies Shs 18.3bln for 19 projects in Bunyoro
HOIMA– At least 19 projects in Bunyoro Sub-region that need cheap loans will benefit from Shs 18.3 billion offered by Uganda Development Bank [UDB], with the projects expected to create 432 jobs…
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“We have terribly missed him” BoU boss wails in tribute to Late Prof. Tumusiime-Mutebile
KAMPALA-Staff at the Bank of Uganda [BoU] still miss former governor, the Late Prof. Emmanuel Tumusiime-Mutebile who died on January 23, 2022, according to the institution’s deputy governor Michael Ating-Ego. Atingi who…
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Standard Chartered Bank sets pace with launch of offshore mutual funds
KAMPALA-Standard Chartered Bank Uganda on Monday launched offshore mutual funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani,…
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Standard Chartered launches ‘Dream Big Employee Banking campaign’
KAMPALA– Standard Chartered Bank Uganda has today launched an employee banking campaign dubbed “Dream Big with Standard Chartered Bank.” According to the bank’s officials, the campaign which will run until March 31,…
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Gov’t starts payment of Shs 2.5 trn matured securities
KAMPALA– Government is to pay Shs2.5 trillion to the Bank of Uganda [BoU)]in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired…
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Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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ECF: Uganda to receive over Shs 880bln from IMF
KAMPALA-Uganda stands to receive an additional US$ 240 million from the International Monetary Fund [IMF] under the Extended Credit Facility [ ECF ] approved by the IMF Executive Board on June 28,…
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UDB, Ojangole win second Global Sustainable Finance Award
KAMPALA-Uganda Development Bank [UDB] and its Managing Director, Patricia Ojangole were for the second time in a row named Sustainability Leader of the Year 2022 at the Karlsruhe Sustainability Awards Ceremony that…
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