Finance & Banking
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Hard work pays: Atingi-Ego confirmed as new Governor of Bank of Uganda
KAMPALA, February 10, 2025 – President Museveni has confirmed Dr Michael Atingi-Ego as the new Governor Bank of Uganda [BoU], finally settling the concerns of bankers and other stakeholders in the local…
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Scheduled coop banks in India to work at par with national banks
NEW DELHI, Febraury 8, 2025 — The Union Ministry of Cooperation has announced that the Government of India plans to equip all scheduled cooperative banks with services equivalent to those offered by…
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UCSCU let down as EBO SACCO opts for BoU regulation
MBARARA, 3rd February 2025 – The Vice Chairman of the Uganda Cooperative Savings and Credit Union [ UCSCU ], Stephen Bongonzya, has expressed his disappointment regarding some of the larger Savings and…
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Banks issued Shs 1.5trn in loans ahead of festive season
KAMPALA, 4 January 2025 – The Government has reported that commercial banks in Uganda extended loans amounting to at least Shs 1.5 trillion to various clients in the lead-up to the Christmas…
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Afreximbank and Ecobank partner to simplify trade and compliance for African businesses
CAIRO, December 24, 2024 — African Export-Import Bank [Afreximbank] and Ecobank Group have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating Ecobank’s Single Market…
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African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
RABAT, December 15, 2024 — In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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MASAKA: NFA and Bank of Baroda join forces to restore Jubia Forest Reserve
MASAKA, December 12, 2024 – – Under its slogan “Earth Banking for a Greener Planet”, Bank of Baroda has partnered with the National Forest Authority [NFA] and the local community to replant…
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Ecobank and the IFC partner to empower Ivorian women’s businesses
CASABLANCA, December 11, 2024 — Ecobank Côte d’Ivoire, part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding [MOU] with the International Finance Corporation [IFC] to roll…
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Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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