Financial
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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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System errors derailing access to PDM funds in Soroti City
SOROTI CITY, September 16, 2025 – The Soroti City Commercial Officer, George William Tukei, has revealed that several residents have been unable to access funds under the government’s Parish Development Model [PDM]…
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Minister decries low uptake of PDM funds among PWDs and older persons
LIRA, September 15, 2025 – The Minister of Gender, Labour and Social Development, Betty Amongi, has raised concerns over the low uptake of funds allocated to Persons with Disabilities [PWDs] and older…
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Uganda’s public debt reaches Shs 116trn but remains sustainable, says minister
KAMPALA, September 15, 2025 – Finance Minister Matia Kasaija has reassured Ugandans that the country’s rising public debt remains sustainable, despite growing concerns over increased government borrowing. Speaking on Thursday at the…
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Gov’t hands over motorcycles to boost local economic development
KAMPALA, September 14, 2025 – The Government, through the Ministry of Trade, Industry and Cooperatives [MTIC], recently handed over motorcycles to District Commercial Officers in a bid to enhance service delivery and…
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Afreximbank and ShafDB Forge Strategic Partnership to Unlock US$1 billion in investments
ALGIERS, September 13, 2025 — African Export-Import Bank [Afreximbank] and Shelter Afrique Development Bank [ ShafDB ] have signed a Joint Project Preparation Facility [JPPF] Framework Agreement to unlock a cumulative investment…
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