Finance & Banking
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Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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Absa Africa Financial Markets Index 2023 reveals continued progress in developing African financial markets
LONDON, October 12, 2023 – The 2023 Absa Africa Financial Markets Index [AFMI] reveals there has been continued progress in developing financial markets across Africa in the past year, with many of…
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AfDB, EBID sign loan agreement for US$ 50mln and € 50mln to enhance regional food security
ABIDJAN, October 6, 2023 – The African Development Bank [AfDB] and the ECOWAS Bank for Investment and Development [ EBID ] have signed an agreement for a dual currency line of credit…
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West Africa aims to accelerate construction of Abidjan to Lagos highway
LAGOS, October 4, 2023 – Heads of State in the Economic Community of West African States [ECOWAS] have decided to speed up the construction of the highway between Abidjan and Lagos, a…
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BoU appoints eight commercial banks as Primary Dealer Market Makers
KAMPALA, September 28, 2023 -The Bank of Uganda [BoU] has appointed eight commercial banks as Primary Dealer Market Makers [PDMM] effective October 1, 2023. According to Kenneth Egesa, Director Communications at BoU,…
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UDB unveils plan to support Bunyoro women entrepreneurs
HOIMA, September 27, 2023 – Uganda Development Bank [ UDB ] has unveiled a plan to give financial support to organised women entrepreneurs in Bunyoro Sub-region so that they can grow their…
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BoU awaits court decision on regulation of large SACCOs
KAMPALA, September 26, 2023 – The Bank of Uganda [BoU] will not continue with its plans to regulate large SACCOs until court rules on the case lodged by Uganda Cooperative Savings and…
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Africa Investment Forum drums up global investor interest ahead of Market Days 2023
KAMPALA, September 26, 2023 – The Africa Investment Forum, Africa’s premier marketplace, is holding investor roundtables to drum up interest in bankable deals in energy, agribusiness, manufacturing and other sectors where Africa…
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Release of Absa Africa Financial Markets Index 2023 slated for October 12
MARAKKECH, September 25, 2023 – The Absa Africa Financial Markets Index 2023 will be released on October 12, 2023, in Marrakech, Morocco, according to the organisers. Now in its seventh year, the…
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Top 10 best cooperative banks in India named
NEW DELHI, September 25, 2023 – The significance of cooperative banks in a burgeoning nation such as India cannot be underestimated. The cooperative banking sector has played a pivotal role in uplifting…
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