Finance & Banking
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ASSA partners AFC to unlock US$ 1.17trn in national savings for infrastructure
NEW YORK, September 24, 2025— Launched under the Global Africa Business Initiative [GABI] during the UN General Assembly, the ‘Africa Saving for Growth’ programme brings together social security institutions from 15 countries,…
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Stanbic Incubator and GIZ launch capacity-building programme for women-led green enterprises
KAMPALA, September 22, 2025 –– In a strategic effort to empower women entrepreneurs within Uganda’s green economy, Stanbic Business Incubator Limited [SBIL] has partnered with the German development agency GIZ to launch…
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CMA and UFLA launch Masaka Financial Literacy Chapter
KAMPALA, September 21, 2025 — The Capital Markets Authority of Uganda [CMA], in collaboration with the Uganda Financial Literacy Association [UFLA], has officially launched the Masaka Financial Literacy Chapter. This initiative represents…
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Mobile money transactions soar in July amid mixed economic signals in Uganda
KAMPALA, September 21, 2025 – Uganda’s push for financial inclusion gained renewed momentum in July 2025, as mobile money transactions hit record levels, even as job growth slowed, the trade deficit widened,…
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AfDB approves equity investment in Currency Exchange Fund to support access to local currency financing across Africa
ABIDJAN, September 20, 2025 — The Board of Directors of the African Development Bank Group [ AfDB ] has approved an equity investment of US$ 25 million in The Currency Exchange Fund…
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Private sector credit contracts slightly as lending rates edge up – economic report
KAMPALA, September 20, 2025 – Uganda’s private sector credit stock experienced a slight contraction in July 2025, according to the latest Performance of the Economy Monthly Report released by the Ministry of…
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World Bank Group Successfully Closes Inaugural Securitisation Transaction, Marking Pivotal Step in Private Sector Mobilisation Effort
KAMPALA, September 19, 2025 — The World Bank Group, through its private sector arm, the International Finance Corporation, has closed its inaugural securitisation transaction; successfully launching a new model to attract institutional…
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Second Cooperative Bank in Uganda in the pipeline after closure of first one
KAMPALA, September 19, 2025 –Ugandan cooperators will in the near future have a fully-fledged Cooperative Bank established after yesterday’s launch of the National Cooperative Savings and Credit Society Limited [NCSCSL] at the…
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KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone
NAIROBI, September 19, 2025 — KCB Group, and the African Export-Import Bank Afreximbank have entered a Memorandum of Understanding [MoU] aimed at providing financial and trade facilitation support to investors operating in…
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Ethiopia: AfDB provides US$ 400,000 for public disclosure platform to boost capital market
ADDIS ABABA, September 18, 2025 — The African Development Bank Group [ AfDB ] and the Ethiopian Capital Market Authority [ECMA] have signed a grant agreement for US$ 400,000 for the set…
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