Finance & Banking
-
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…
Read More » -
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…
Read More » -
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.…
Read More » -
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…
Read More » -
AfDB invests US$ 20mln in infrastructure fund to catalyse continental development
ABIDJAN, August 2, 2024 – The African Development Bank [AfD] has signed a US$ 20 million equity investment in the African Infrastructure Investment Fund 4 [AIIF4]. The deal, signed on 31 July…
Read More » -
Money Laundering: Afreximbank to host International Compliance Forum for Africa
CAIRO, August 1, 2024 – To improve global trade in Africa and align with international regulatory and compliance standards, African Export-Import Bank [Afreximbank], in partnership with the Inter-Governmental Action Group against Money…
Read More » -
African Development Bank launches 54 Country Focus Reports
ABIDJAN, July 31, 2024 – The African Development Bank Group [AfDB] has launched Country Focus Reports designed to deepen policy dialogue on the macroeconomic performance and outlook of individual countries and to act…
Read More » -
UDB sees growth in output value as govt puts in more cash
KAMPALA, July 25, 2024 – The government-owned Uganda Development Bank [ UDB ] has achieved a remarkable 71 percent year-on-year growth in output value, increasing from Shs 3.4 trillion in 2022 to…
Read More » -
EAC embarks on upgrading Lwakhakha to One-Stop Border Post
BUSIA, July 23, 2024 – The East African Community [EAC] together with Kenya and Uganda is in the process of upgrading the Lwakhakha border post into a One-Stop Border Post [OSBP] as…
Read More » -
The Second National Microfinance and Savings Groups Conference 2024 underway Kampala
KAMPALA, July 17, 2024: The Finance ministry together with stakeholders in the microfinance sector is holding the Second National Microfinance and Savings Groups Conference 2024 from 17th to 18th of July, 2024…
Read More »