Finance & Banking
-
Kiryandongo district approves Shs 48bln budget to drive socio-economic transformation
KIRYANDONGO, May 17, 2026 — Kiryandongo District Council has approved a Shs 48 billion budget for the financial year [FY] 2026/2027, with leaders pledging to accelerate socio-economic transformation through improved service delivery…
Read More » -
Finance ministry outlines tough measures to curb rising public debt
KAMPALA, May 15, 2026 – Uganda’s Ministry of Finance, Planning and Economic Development [MFPED] has unveiled a package of fiscal and policy measures aimed at curbing the country’s rising public debt, which…
Read More » -
BoU keeps CBR at 9.75 percent as Middle East conflict raises inflation risks
KAMPALA, May 14, 2026 — The Bank of Uganda [ BoU ] has maintained the Central Bank Rate [CBR] at 9.75 per cent, citing rising inflationary risks linked to the ongoing conflict…
Read More » -
Africa Forward Summit backs new financial architecture to drive investment and jobs across continent
NAIROBI, May 14, 2026 — The African Development Bank Group has secured strong political backing for the New African Financial Architecture for Development [NAFAD] at the Africa Forward Summit, with African leaders,…
Read More » -
Over 100 farmer groups in Kiryandongo to benefit from major World Bank project
KIRYANDONGO, May 14, 2026 — About 125 farmer groups in Kiryandongo district are set to benefit from the World Bank-funded Uganda Climate-Smart Agricultural Transformation Project [UCSATP], being implemented by the Ministry of…
Read More » -
Nigeria’s United Capital Plc picks Rwanda as Its East and Central African hub
KIGALI, May 13, 2026 — The Capital Market Authority of Rwanda [CMA] has granted an investment banking licence to United Capital Plc’s subsidiary, United Capital Financial Services Rwanda Ltd, in a landmark…
Read More » -
Ecobank Group and AGRA forge strategic partnership to transform Africa’s agricultural value chains and drive inclusive growth
NAIROBI, May 12, 2026 — Ecobank Group and AGRA have announced a strategic partnership aimed at strengthening Africa’s agricultural ecosystem and accelerating inclusive economic growth across the continent. The Memorandum of Understanding…
Read More » -
PDM SACCO leaders in Kapchorwa arrested over alleged theft of parish funds
KAPCHORWA, May 12, 2026 — Two leaders of a Parish Development Model [PDM] SACCO in West Division, Kapchorwa Municipality, Kapchorwa district, have been arrested over the alleged misappropriation of funds meant for…
Read More » -
EBRD net profit drops 23.5 percent in 2025 despite strong investment growth
LONDON, May 12, 2026 — The European Bank for Reconstruction and Development [ EBRD ] recorded a strong financial year in 2025, posting a net profit of €1.3 billion, down 23.5 percent…
Read More » -
Zombo district approves Shs 41.5bln budget for FY2026/27
ZOMBO, May 10, 2026 — Zombo District Council has approved a budget of Shs 41,589,259,687 for the 2026/27 financial year during a council meeting held on Wednesday. The theme of this year’s…
Read More »