Finance & Banking
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Over 800 Gulu Main Market vendors receive financial literacy training
GULU CITY, January 3, 2026 — A total of 890 vendors at Gulu Main Market have received financial literacy training aimed at strengthening business growth and sustainability. The training, conducted by the…
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Equity Bank gets US$60mln trade finance transaction guarantee facility to support SMEs, drive regional trade
NAIROBI, January 1, 2026—The Board of Directors of the African Development Bank Group [AfDB] has approved a US$ 60 million Trade Finance Transaction Guarantee facility to support the trade finance activities of…
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WB flags Uganda’s fiscal pressures amid strong economic growth
KAMPALA, December 28, 2025 — Uganda’s economic growth remains robust, with real gross domestic product [GDP] rising to 6.3 per cent in the 2024/25 financial year, up from 6.1 per cent the…
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WOCCU White Paper: Alternative Identification Methods Are Driving Financial Inclusion Globally
MADISON, Wis., December 24, 2025 —World Council of Credit Unions [ WOCCU ] International Advocacy today released Understanding How Credit Unions Are Using Alternative Identification Methods Globally, a new white paper that…
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Commercial lending rates rise to 19.7 percent in October 2025 – report
KAMPALA, December 23, 2025 — Average weighted lending rates in Uganda for both shilling- and foreign currency-denominated credit edged upwards in October 2025, according to the Performance of the Economy Monthly Report…
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Tanzania: Total SACCO assets reached TZS 1.46trn in 2024 – report
DODOMA, December 23, 2024 — The total assets of Savings and Credit Cooperative Organisations [SACCOs] in Tanzania rose to TZS 1.46 trillion in 2024 from TZS 1.33trn in 2023, representing an increase…
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UDB graduates first Mbarara cohort of investor-ready SMEs
MBARARA CITY, December 22, 2025 – Uganda Development Bank Ltd [UDB] has successfully graduated its first cohort of small and medium enterprises [SMEs] in Mbarara district, marking a significant milestone in its…
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AfDB and Nedbank sign multi-billion-rand funding partnership to transform housing access and boost African trade
PRETORIA, December 22, 2025— The African Development Bank Group [AfDB] and Nedbank Group have signed a landmark deal to boost access to affordable housing in South Africa and strengthen trade across the…
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ADF mobilises a historic US$11bln, marking a new era of African ownership and investment-led development
LONDON, December 20, 2025 — The African Development Fund [ADF], the concessional financing arm of the African Development Bank Group [AfDB], has secured a record US$ 11 billion from 43 Partners for…
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dfcu signs MoU with IBM, Envision Global to boost digital infrastructure
KAMPALA, December 17, 2025 — dfcu Bank has signed a tripartite Memorandum of Understanding [MoU] with global technology firm International Business Machines Corporation [IBM] and its Platinum Partner, Envision Global, in a…
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