Finance & Banking
-
FINCA commits over Shs 100mln to support flood-affected Kampala traders
KAMPALA, January 25, 2026 — FINCA Uganda has committed more than Shs100 million towards a relief initiative aimed at supporting traders whose businesses were severely affected by flash floods caused by heavy…
Read More » -
Nedbank moves to acquire 66 percent stake in NCBA Group
KAMPALA, January 24, 2026 — NCBA Group PLC [NCBA] has announced that it has received a Strategic Investment Proposal and a Notice of Intention [NOI] from Nedbank Group Limited to acquire approximately…
Read More » -
Afreximbank terminates its credit rating relationship with Fitch Ratigs
KAMPALA, January 24, 2026 — African Export-Import Bank [ Afreximbank ] has today officially terminated its credit rating relationship with Fitch Ratings. This decision follows a review of the relationship, and its…
Read More » -
IMF warns of rising fiscal risks in Uganda
KAMPALA, January 24, 2026 — The International Monetary Fund [ IMF ] has painted a cautiously optimistic picture of Uganda’s economic outlook while warning that growing fiscal pressures and debt vulnerabilities could…
Read More » -
Over 200,000 customers to gain power as Absa, UEDCL seal Shs 175bln financing deal
KAMPALA, January 23, 2026 — More than 200,000 households and businesses across Uganda are set to gain access to electricity following the recent signing of a landmark financing agreement between Absa Bank…
Read More » -
IsDBI and IE University Join Forces to Develop Risk-Sharing Financial Solutions for Startups in Civil Law Jurisdictions
JEDDAH, January 22, 2026 — The Islamic Development Bank Institute [IsDBI] and IE University Spain, through the IE Foundation, and have launched a joint initiative to design contract models grounded in European…
Read More » -
Gov’t targets 10.4 percent growth towards middle-income status
KAMPALA, January 21, 2026 — The Government of Uganda has set its sights on accelerated economic growth in the 2026/27 financial year, with the finance ministry projecting a 10.4 percent expansion as…
Read More » -
‘Frontier Market’ Economies Haven’t Lived Up to Potential Since 2010
KAMPALA, January 21, 2026 —“Frontier market” economies—a cluster of mostly middle-income economies regarded as the proving ground for the next generation of economic superstars—have largely failed to live up to their potential…
Read More » -
Network International partners with Saudi Sudanese Bank to accelerate digital transformation in Sudan’s banking sector
PORT SUDAN, January 19, 2026 — Network International [Network], a leading fintech company in the Middle East and Africa, has signed a strategic processing agreement with Saudi Sudanese Bank, one of Sudan’s…
Read More » -
ACG and AfDB launch a structured strategic partnership to scale co-financing and investment in Africa
KAMPALA, January 19, 2026 — The Arab Coordination Group [ ACG ] and the African Development Bank Group [AfDB] launched a new phase of their partnership aimed at scaling co-financing, mobilising private…
Read More »