Finance & Banking
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MPs shocked as Mityana district recovers just Shs 250,000 from Shs 8bln PDM funds
KAMPALA, March 30, 2026 – Members of Parliament [MPs] have expressed shock and concern over Mityana district’s dismal recovery of funds under the Parish Development Model [ PDM ], after it emerged…
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SACCO members urged to uphold cooperative principles and values for sustainable growth
RUBIRIZI, March 30, 2026 — Members of Kyamuhunga People’s SACCO [KYAPS] have been urged to adhere to cooperative principles and values to drive sustainable economic development and strengthen financial inclusion. The call…
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World Bank Group Statement on the Conflict in the Middle East
WASHINGTON DC., March 28, 2026 — A number of the World Bank Group’s clients in emerging markets have reached out to us as the conflict in the Middle East has started to…
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Afreximbank Launches Inaugural Accelerator Programme Cohort to Scale Africa’s Digital Trade Ecosystem
CAIRO, March 27, 2026 — African Export-Import Bank [Afreximbank] has officially launched the inaugural cohort of its “Afreximbank Accelerator Programme,” bringing together eight high-potential startups from across Africa and the diaspora for…
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RUDI SACCO records decline in 2025 amid falling cocoa prices
FORT PORTAL CITY, March 27, 2026 — Ruwenzori Diocese Savings and Credit Cooperative Society Limited [RUDI SACCO], a church-founded financial institution based at Kabarole Hill in Fort Portal City, registered a decline…
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Nyakibale SACCO members warned over loan defaults at 20th AGM
RUKUNGIRI, March 26, 2026 – Members of Nyakibale Development SACCO have been urged to honour their credit obligations and ensure timely loan repayments to safeguard the institution’s financial stability. The call was…
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World Bank commits US$ 45mln to 900 cooperatives in Zambia as UCS SACCO expands footprint in Malawi
LUSAKA, March, 26, 2026 — The World Bank has committed US$ 45 million to support 900 cooperatives in Zambia under the Alliance Productive Programme, implemented through the Zambia Agribusiness and Trade Project…
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Circle, Sasai Fintech partner to expand USDC access in Africa
NEW YORK, March 26, 2026 — Circle Internet Group, Inc. has announced a collaboration with Sasai Fintech, a business of Cassava Technologies, aimed at accelerating the adoption of USDC and expanding internet-based…
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AfDB convenes stakeholder workshop to scale youth-owned climate solutions
ABIDJAN, March 25, 2026 — The African Development Bank Group [AfDB] has concluded a stakeholder consultative workshop, bringing together business leaders, policymakers and development partners to advance youth-owned adaptation solutions supported by…
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PSC in Uganda hits Shs 25.43trn in January 2026-report
KAMPALA, March 25, 2026 — The stock of outstanding private sector credit [ PSC ] in Uganda edged up by 0.3 percent to Shs 25.43 trillion in January 2026, from Shs 25.35trn…
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