Finance & Banking
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Parliament stays rationalisation of key entities pending audit
KAMPALA, April 24, 2024 – The rationalisation of the Non-Performing Assets Recovery Trust [NPART] and Departed Asians Property Custodian Board [DAPCB] will only be concluded after an audit of the entities is…
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18th IsDB Global Forum to explore innovation, entrepreneurship and leadership in Islamic finance
JEDDAH, April 22, 2024 – The Islamic Development Bank [ IsDB ] Institute is to hold the 18th edition of the IsDB Global Forum on Islamic Finance in Riyadh, Kingdom of Saudi…
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World Bank: New financing tools receive major funding boost
WASHINGTON, April 20, 2024— New financial instruments designed to boost lending capacity and enable the World Bank Group to take on more risk for shared global challenges have received a significant endorsement.…
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JPMorgan Chase to deepen partnerships with AfDB
ABIDJAN, April 5, 2024 -African Development Bank Group [AfDB] Senior Vice-President Bajabulile Swazi Tshabalala, has held talks with top executives of JPMorgan Chase, the largest US bank, on potential partnership between the…
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Tayebwa hails BoU decision to keep Anne Juuko as Stanbic Bank CEO
KAMPALA, April 3, 2024 – The Deputy Speaker of Parliament, Thomas Tayebwa has backed the position of the Bank of Uganda [BoU] to reject a foreign national nominated by the Standard Bank…
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Economic inclusion project brings 25 institutions together to promote savings, financial inclusion
LIMA, March 30, 2024 —The USAID/WOCCU Economic Inclusion Project [EIP] days ago joined local partners to host a Global Money Week event in Lima, Peru featuring 25 financial institutions, public and private…
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AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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Co-operative Bank of Kenya to pay shareholders Ksh 8.8bln in dividends
NAIROBI, March 25, 2024 – The Co-operative Bank of Kenya has maintained a dividend of Ksh 1.5 per share for the year ended December 31, 2023 after it recorded a 5.2 percent…
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WSACCO opens 10th branch in Fort Portal City
FORT PORTAL CITY, March 19, 2024 – In a bid to bring services closer to its members, Wazalendo Savings and Cooperative Society Limited [ WSACCO ] has opened its 10th cash branch…
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Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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