Finance & Banking
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Tayebwa urges Parliamentary SACCO to start own bank
The Deputy Speaker of Parliament, Thomas Tayebwa has advised the leaders of the Parliamentary SACCO to establish their own bank in order to serve the wider public. Tayebwa who was presiding over…
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US$ 3bln committed to boost African agriculture and food production
MARRAKESH, November 10, 2023 – The African Development Bank Group, Afreximbank, Arise Integrated Industrial Platforms, the Islamic Development Bank Group and the United Nations Industrial Development Organisation launched at the 2023 Africa…
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New report reveals continued growth in Africa’s instant payment systems
KAMPALA, November 8, 2023 – AfricaNenda has today released the second edition of the annual State of Inclusive Instant Payment Systems [SIIPS] in Africa report. Jointly produced with the United Nations Economic Commission for…
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Standard Chartered and Cordaid Uganda table Shs 170mln for entrepreneurs with disabilities
KAMPALA, November 8, 2023 – Standard Chartered Bank Uganda in partnership with their NGO partners Cordaid Uganda, and Youth Business International [YBI] launched the Business Resilient Matching Grant Programme as they celebrated Purple Tuesday. Purple…
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Absa Bank partners with Hoima City to plant 50,000 trees
HOIMA, November 3, 2023 – Hoima City Council with support from Absa Bank Uganda Limited is to plant 50,000 trees in a campaign aimed at restoring the city’ green environment. Speaking during…
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AfDB approves over US$ 196mln loan to modernise railway infrastructure in Namibia
KAMPALA, November 3, 2023 – The African Development Bank Group [AfDB] has approved a loan of US$ 196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project…
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60 SACCOs benefit from Stanbic Bank’s value proposition
MASAKA, October 30, 2023 – At least 60 Saving and Credit Cooperative Organisations [SACCOs] from western and central regions have benefited from Stanbic Bank Uganda’s value proposition launched in June 2021 to…
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BoU urged to establish currency centre in Lira City
LIRA, October 25, 2023 – The Director Chambers of Commerce for North and Eastern Uganda, Bosco Ogwang Edola has urged the Bank of Uganda [BOU] to help establish a currency center in…
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AfDB supports small horticultural businesses in TZ with US$ 2.5mln grant
DODOMA, October 23, 2013 – The Board of Directors of the African Development Bank [AfDB] has approved a U$ 2.5 million grant to prop some 10,000 small horticultural businesses in Tanzania. According…
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BoU injects Shs 800bln in agriculture
LIRA, October 21, 2023 – The Bank of Uganda [ BoU ] has so far disbursed Shs 800 billion to farmers in the country under the Agricultural Credit Facility [ACF] introduced by…
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