Finance & Banking
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Uganda: Lending rates rise to 18.73 percent in February 2026
KAMPALA, April 23, 2026 — Uganda’s weighted average lending rates in February 2026, reflected divergent movements between shilling-denominated and foreign currency-denominated credit. While shilling lending rates recorded a marginal increase, foreign currency…
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Sebei Farmers’ SACCO holds 9th AGM, posts growth in membership, savings and loan portfolio
KAPCHORWA, April 22, 2026 — Sebei Farmers’ Savings and Credit Cooperative Organisation [SACCO] has recorded significant growth in membership, savings and its loan portfolio, reinforcing its position as a key financial pillar…
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Oversubscribed US$ 300mln Bond Backs Digital Africa
LONDON, April 22, 2026 — In a test of institutional appetite for African credit, Liquid Intelligent Technologies has closed a US$ 660 million debt financing round, including a US$300mln Eurobond that was…
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House passes VAT Amendment Bill as committee pushes tax relief for SMEs and investors
KAMPALA, April 21, 2026 — Parliament has passed the Value Added Tax [ VAT ] Amendment Bill, 2026, adopting a series of reforms aimed at easing compliance for small businesses, improving tax…
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Three years on, Nebbi women struggle to repay UWEP and YLP loans
NEBBI, April 21, 2026 — Three years after receiving start-up capital under the Uganda Women Entrepreneurship Programme [ UWEP ] and the Youth Livelihood Programme [YLP], many women and youth groups in…
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BoU launches domestic gold purchase pilot to boost reserves
KAMPALA, April 21, 2026 — The Bank of Uganda [BoU] has launched a three-year pilot Domestic Gold Purchase Programme aimed at strengthening the country’s foreign exchange reserves by buying and processing locally…
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Sovereignty Bill risks deterring investment and trade, bankers warn
KAMPALA, April 20, 2026 — The Uganda Bankers’ Association [UBA] has raised concerns over the draft Protection of Sovereignty Bill, 2026, warning that it could deter investment and undermine the country’s economic…
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MPs irked as Shs 46bln lies idle on Science ministry’s bank account
KAMPALA, 20 April 2026 — The Budget Committee has summoned officials from the Ministry of Science, Technology and Innovation [STI] to explain why Shs 46 billion allocated for innovation has remained unutilised…
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Parliamentary report calls for reform of PDM funding structure to ensure equity
KAMPALA, April 20, 2026 — The Parliamentary Committee on Finance, Planning and Economic Development has called for an urgent review of the Parish Development Model [PDM] funding structure, warning that its uniform…
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SACCOs positioned to expand financial inclusion for refugees in Kenya, new report says
Nairobi, April 19, 2026 —A new report from the World Council of Credit Unions [WOCCU], developed in partnership with the African Confederation of Cooperative Savings and Credit Associations [ACCOSCA], highlights the critical role…
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