Finance & Banking
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Standard Chartered and Cordaid Uganda table Shs 170mln for entrepreneurs with disabilities
KAMPALA, November 8, 2023 – Standard Chartered Bank Uganda in partnership with their NGO partners Cordaid Uganda, and Youth Business International [YBI] launched the Business Resilient Matching Grant Programme as they celebrated Purple Tuesday. Purple…
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Absa Bank partners with Hoima City to plant 50,000 trees
HOIMA, November 3, 2023 – Hoima City Council with support from Absa Bank Uganda Limited is to plant 50,000 trees in a campaign aimed at restoring the city’ green environment. Speaking during…
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AfDB approves over US$ 196mln loan to modernise railway infrastructure in Namibia
KAMPALA, November 3, 2023 – The African Development Bank Group [AfDB] has approved a loan of US$ 196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project…
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60 SACCOs benefit from Stanbic Bank’s value proposition
MASAKA, October 30, 2023 – At least 60 Saving and Credit Cooperative Organisations [SACCOs] from western and central regions have benefited from Stanbic Bank Uganda’s value proposition launched in June 2021 to…
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BoU urged to establish currency centre in Lira City
LIRA, October 25, 2023 – The Director Chambers of Commerce for North and Eastern Uganda, Bosco Ogwang Edola has urged the Bank of Uganda [BOU] to help establish a currency center in…
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AfDB supports small horticultural businesses in TZ with US$ 2.5mln grant
DODOMA, October 23, 2013 – The Board of Directors of the African Development Bank [AfDB] has approved a U$ 2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. According…
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BoU injects Shs 800bln in agriculture
LIRA, October 21, 2023 – The Bank of Uganda [ BoU ] has so far disbursed Shs 800 billion to farmers in the country under the Agricultural Credit Facility [ACF] introduced by…
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Uganda: First-ever Islamic Finance Conference to be held in Kampala
KAMPALA, October 18, 2023 – The inaugural Islamic Finance Conference takes place tomorrow in Kampala, according to Moses Emuron, Manager, Business Development & Risk Management at BDO East Africa Uganda. “BDO, Signum…
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Egypt issues Africa’s first Sustainable Panda Bond worth US$ 478.7mln
CAIRO, October 18, 2023 – Egypt has successfully issued a three-year Sustainability Panda Bond worth US$ 478.7 million. The North African nation is the first on the continent to do so, a…
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Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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