Finance & Banking
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AfDB top official tours major roads rehabilitation project in Kampala City
KAMPALA, September 3, 2024 – The Director for Climate Change and Green Growth at the African Development Bank [AfDB], Prof. Anthony Nyong, recently led the continent’s lender team to inspect the 69.2-kilometre …
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IsDBI, INCEIF launch journal bridging Islamic finance and sustainable development
JEDDAH, September 3, 2024 – The Islamic Development Bank Institute [IsDBI] and the International Centre for Education in Islamic Finance [INCEIF University] have launched the “International Journal of Islamic Finance and Sustainable…
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Ecobank Uganda Partners with Ria Money Transfer to Enhance Remittance Services
KAMPALA, September 3, 2024 – Ecobank Uganda Limited has formed a strategic partnership with Ria Money Transfer, a renowned global leader in cross-border remittance services. This partnership will significantly improve remittance options…
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dfcu posts Shs 50.9bln in gross profit
KAMPALA, August 22, 2024 – dfcu Limited’s interim unaudited financial results for the six months ending June 30, 2024, reveal a gross profit of Shs 50.9 billion, marking a 51.6 percent increase…
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Finance Trust Bank empowers 2,000 women through GROW project
KAMPALA, August 19, 2024 — Finance Trust Bank has successfully trained 2,000 women entrepreneurs as part of the World Bank-funded Growth Opportunities and Productivity for Women Enterprises [GROW] project. The project, supported…
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Refugees excited over extension of financial services to settlement
KIKUUBE, August 19, 2024 — Refugees in Kyangwali Refugee Settlement in Kikuube district are celebrating the recent extension of financial services to their area, a development they say will greatly ease their…
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Coop Exchange launches EU base in Malta
VALLETA, August 17, 2024 – Fintech platform Coop Exchange recently launched an EU subsidiary in Malta during an event. The initiative forms part of Coop Exchange’s efforts to build a global network…
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Stanbic reports 3.8 percent increase in total assets
KAMPALA, August 16, 2024 – Stanbic Uganda Holdings Limited has announced that its total assets reached Shs 9.76 trillion as of June 30, 2024, marking a 3.8 percent increase from the previous…
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Govt picks six banks for over Shs 803bln GROW project
KAMPALA, August 14, 2024 – Six commercial banks have been selected by government as it implements the World Bank funded Generating Growth Opportunities and Productivity for Women Enterprises [ GROW ] project.…
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Afreximbank and UDB sign project preparation financing agreement
NASSAU, August 13, 2024 – African Export-Import Bank [ Afreximbank ] and the government-owned Uganda Development Bank [UDB] have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory…
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