Finance & Banking
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ADF approves US$9 million grant to strengthen financial integration across East Africa
KAMPALA, June 28, 2026 — The Board of Directors of the African Development Fund [ADF] has approved a US$ 9 million [approximately Shs 33,3 billion] grant to deepen financial integration across East…
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PDM SACCO leaders arrested in Lira City over alleged fraud targeting women beneficiaries
LIRA CITY, June 27, 2026 — Several leaders of a Parish Development Model [PDM] SACCO in Lira City have been arrested over allegations of fraud and extortion involving PDM funds, with authorities…
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Ugandan manufacturers push for financing reforms as sector grapples with rising costs
KAMPALA, June 27, 2026 — Uganda’s manufacturing sector has called on government and financial institutions to reform existing financing models and provide funding solutions tailored to different production cycles and investment needs.…
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Minister Musasizi calls for improved performance of World Bank-funded projects in Uganda
KAMPALA, June 26, 2026 — Uganda’s Minister of Finance, Planning and Economic Development, Henry Musasizi, has met the World Bank Division Director for Kenya, Rwanda, Somalia and Uganda, Fan Qimiao, to discuss…
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Kadaga presents EAC US$ 110.9mln budget to regional legislative assembly
KAMPALA, June 26, 2026 — The East African Community [EAC] presented to the East African Legislative Assembly [EALA] budget estimates amounting to US$ 110,863,576 for the 2026/2027Financial Year [FY]. The budget was…
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UIBFS concludes Women in Leadership Programme, calls for bold and confident female leaders
KAMPALA, June 25, 2026 — The Uganda Institute of Banking and Financial Services [ UIBFS ] has concluded its 2026 Women in Leadership Programme, a five-day intensive training initiative aimed at strengthening…
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UCSCU urges stronger governance and technology adoption to strengthen SACCOs
KABALE, June 25, 2026 — The Board Chairperson of the Uganda Cooperative Savings and Credit Union Limited [ UCSCU ], Col. Allan Kitanda, has called for stronger governance systems, greater transparency, and…
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Afreximbank report says Africa can turn geopolitical shocks into growth opportunity
KAMPALA, June 25, 2026 — The African Export-Import Bank [Afreximbank] has launched its 2026 African Trade Report, arguing that escalating global geopolitical tensions and supply chain disruptions could be transformed into long-term…
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Tycoon Mbire to headline SBG Securities Investor Day amid push for investment culture in Uganda
KAMPALA, June 24, 2026 — MTN Uganda Chairman and prominent businessman Charles Mbire is set to headline the inaugural SBG Securities Investor Day this Friday in a move aimed at boosting local…
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EU moves closer to digital euro as parliament backs key framework amid push to curb US payment dominance
BONN, June 24, 2026 — The European Union [EU] has taken a significant step towards introducing a digital euro after the European Parliament’s economic committee gave its backing to draft legislation designed…
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