Finance & Banking
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Stability over spectacle: African banks navigate a changing landscape in 2025
KAMPALA, October 14, 2025 — Africa’s banking sector has weathered another steady, if unspectacular, year, according to the African Business 2025 ranking of the continent’s Top 100 Banks. The latest data reveals…
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Uganda’s pursuit of revenue resilience: A FY 2023/2024 story
KAMPALA, October 12, 2025 — The Directorate of Economic Affairs under the Ministry of Finance, Planning and Economic Development [MOFPED] has released a critical report on the country’s economic lifeline its domestic…
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African Trade Experts to Meet in Abidjan for ATFS2025 and Factoring Workshop
CAIRO, October 10, 2025 — As global financial headwinds continue to squeeze emerging markets, Africa’s trade finance gap, estimated at up to US$ 100 billion annually, will once again come under the…
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CIC partners with TDB and Swiss bank, Vontobel to launch the CIC Global Balanced Special Fund
NAIROBI, October 9, 2025 — CIC Insurance Group has partnered with the Trade Development Bank [TDB] for strategic sponsorship to strengthen its offshore positioning through an operational partnership with Swiss private bank Vontobel that is also tasked with…
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Bank of Uganda reports rise in expenses and loan adjustments for FY 2024/2025
KAMPALA, October 9, 2025 — The Bank of Uganda’s [BoU] latest Integrated Annual Report for the 2024/2025 financial year ended June 30 2025 shows that the Central Bank’s operating expenses, staff costs,…
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Absa Africa Financial Markets Index 2025 to launch on October 16
KAMPALA, October 6, 2025 — For the ninth consecutive year, the Absa Africa Financial Markets Index will evaluate the development of financial markets across Africa, with a particular focus on market accessibility,…
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AfDB approves Shs 1.75bln grant to support Uganda’s emergency flood and landslide response
KAMPALA, October 3, 2025 — The African Development Bank Group [AfDB] has approved a grant of US$ 500,000 [about Shs 1.75 billion] from its Special Relief Fund to support Uganda’s Relief Emergency…
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French Embassy, Stanbic collaborate to train start-ups for green economy
KAMPALA, October 3, 2025 — The Stanbic Business Incubator Limited [SBIL] has signed a new grant agreement with the Embassy of France in Uganda to finance the Green Tech Incubator and Accelerator…
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Landmark US$ 30mln disbursement to UDBL to boost economic growth
KAMPALA, October 3, 2025 — The Islamic Corporation for the Development of the Private Sector [ICD], a member of the Islamic Development Bank [IsDB] Group, has successfully disbursed a US$ 30 million…
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AfDB approves US$ 22.8mln grant to boost Mozambique’s rice production and build climate resilience
MAPUTO, October 2, 2025 — The African Development Bank Group [AfDB] has approved a US$ 22.8 million grant from its concessional African Development Fund to strengthen Mozambique’s rice value chain and enhance…
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