Financial
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Private sector credit contracts slightly as lending rates edge up – economic report
KAMPALA, September 20, 2025 – Uganda’s private sector credit stock experienced a slight contraction in July 2025, according to the latest Performance of the Economy Monthly Report released by the Ministry of…
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World Bank Group Successfully Closes Inaugural Securitisation Transaction, Marking Pivotal Step in Private Sector Mobilisation Effort
KAMPALA, September 19, 2025 — The World Bank Group, through its private sector arm, the International Finance Corporation, has closed its inaugural securitisation transaction; successfully launching a new model to attract institutional…
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Second Cooperative Bank in Uganda in the pipeline after closure of first one
KAMPALA, September 19, 2025 –Ugandan cooperators have they will in the near future have a fully-fledged Cooperative Bank established after yesterday’s launch of the National Cooperative Savings and Credit Society Limited [NCSCSL]…
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KCB and Afreximbank in Joint Funding Deal to Operationalize Vipingo Special Economic Zone
NAIROBI, September 19, 2025 — KCB Group, and the African Export-Import Bank Afreximbank have entered a Memorandum of Understanding [MoU] aimed at providing financial and trade facilitation support to investors operating in…
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Okoro Coffee Growers Cooperative Union to spend over Shs 2.56bln in FY 2025/2026
ZOMBO, September 18, 2025 – Members of the Okoro Coffee Growers Cooperative Union [OCGCU] in Zombo district have approved a budget of Shs 2,563,200,000 for operations in the 2025/2026 financial year. The…
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Ethiopia: AfDB provides US$ 400,000 for public disclosure platform to boost capital market
ADDIS ABABA, September 18, 2025 — The African Development Bank Group [ AfDB ] and the Ethiopian Capital Market Authority [ECMA] have signed a grant agreement for US$ 400,000 for the set…
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South Africa outlines interventions to boost local cooperatives
CAPE TOWN, September 18, 2025 – With South Africa’s cooperatives still performing below expectations compared to global counterparts, the Minister of Small Business Development, Stella Ndabeni-Abrahams, has outlined a series of interventions…
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UEDCL adds over 640,000 new customers in six months after UMEME takeover
KAMPALA, September 18, 2025 – The Uganda Electricity Distribution Company Limited [ UEDCL ] has recorded 648,404 new power connections within the first six months of assuming national electricity distribution responsibilities from…
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House committee calls for review of €183mln water and sanitation loan
KAMPALA, September 17, 2025 – Parliament’s Committee on National Economy has called on government to review its proposed €183.3 million loan from Standard Chartered Bank, UK, and Shs 120.4 billion from the…
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Uganda’s exports surge by over 50 percent as trade balance shows mixed picture
KAMPALA, September 16, 2025 – Uganda’s export sector posted significant growth in July 2025, with merchandise exports increasing by 53.6 percent compared to the same period last year. This is according to…
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