Finance & Banking
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Multilateral development banks commit to boost collaboration on climate and development
DUBAI, December 5, 2023 – Multilateral development banks [MDBs] attending the 2023 UN Climate Change Conference [COP 28] have affirmed their commitment to a concerted, global action, including increasing co-financing and private…
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Private sector credit grew 1.6 percent in September 2023, says new report
KAMPALA, November 28, 2023 – The stock of total outstanding private sector credit in Uganda grew by 1.6 percent to Shs 21.17 trillion in September 2023 from Shs 20.84trn in August 2023,…
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RBI appoints administrator for Abhyudaya Cooperative Bank
NEW DELHI, November 28, 2023 – The Reserve Bank of India [RBI] days ago superseded the board of directors of Mumbai based Abhyudaya Cooperative Bank on and appointed Satya Prakash Pathak, former…
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MPs want PDM beneficiaries to have more access to banks
KAMPALA, November 23, 2023 – Members of Parliament have called for improved access to banking institutions to enable beneficiaries of the Parish Development Model [PDM] programme to receive funds. The MPs, who…
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AfDB approves US$ 10mln investment in Kenyan company Dhamana
NAIROBI, November 21, 2023 – The African Development Bank [AfDB] has approved a US$ 10 million equity investment in Dhamana Guarantee Company Limited to support the use of capital markets as an…
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Bukwo SACCO applauds Fanaka Finance for offering affordable financing
BUKWO, November 21, 2023 – The management of Kapsukwar Savings and Credit Cooperative Society in Bukwo district has hailed Fanaka Finance Limited for offering appropriate and affordable loans to their cooperative, enhancing…
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Agribusiness should benefit from the attention of banks and institutional donors, experts say
MARRAKESH, November 14, 2023 – Banks, institutional partners and the private sector should invest heavily in agribusiness in Africa, a sector that suffers from a financing gap just as it becomes the…
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Tayebwa urges Parliamentary SACCO to start own bank
The Deputy Speaker of Parliament, Thomas Tayebwa has advised the leaders of the Parliamentary SACCO to establish their own bank in order to serve the wider public. Tayebwa who was presiding over…
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US$ 3bln committed to boost African agriculture and food production
MARRAKESH, November 10, 2023 – The African Development Bank Group, Afreximbank, Arise Integrated Industrial Platforms, the Islamic Development Bank Group and the United Nations Industrial Development Organisation launched at the 2023 Africa…
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New report reveals continued growth in Africa’s instant payment systems
KAMPALA, November 8, 2023 – AfricaNenda has today released the second edition of the annual State of Inclusive Instant Payment Systems [SIIPS] in Africa report. Jointly produced with the United Nations Economic Commission for…
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