Financial
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PDM Secretariat to establish practical learning centres with local entrepreneurs
SOROTI, June 8, 2026 — The Parish Development Model [PDM] Secretariat has announced plans to establish practical learning centres aimed at equipping parish residents with hands-on business skills by linking them directly…
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Pastors Launch SACCO Drive to Boost Economic Empowerment in Acholi
GULU CITY, June 6, 2026 — Young pastors in the Acholi Sub-region have launched a Savings and Credit Cooperative Organisation [SACCO] mobilisation campaign aimed at improving their economic wellbeing and reducing dependence…
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AFC raises record US$ 2bln syndicated loan in landmark show of confidence in transformational infrastructure strategy
LONDON, June 5, 2026 — Africa Finance Corporation [AFC] the continent’s leading infrastructure solutions provider, has successfully raised a record US $2 billion syndicated loan, underscoring strong global investor support for AFC’s…
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Trade and Financial Fragmentation Spreads Beyond Rivals as Costs Mount
KAMPALA June 5, 2026 – Geoeconomics fragmentation is imposing an annual cost of US$ 213–US$ 307 billion on the global economy, according to a new World Economic Forum report released on Thursday.…
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AfDB backs Africa’s insurance future with US$ 125mln
ABIDJAN, June 5, 2026 — The Board of Directors of the African Development Bank Group [AfDB] has approved, on May 22, a US$125 million equity investment in the African Trade and Investment…
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Transforming Lives in Western Uganda: The Rise of Kyamuhunga People’s SACCO from Humble Beginnings to a Multi-Billion-Shilling Enterprise
BUSHENYI, June 4, 2026 – Over the past 26 years, Kyamuhunga People’s Savings and Credit Cooperative Society [KYAPS] Limited has evolved from a grassroots community initiative into a formidable financial institution, transforming…
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EBRD forecasts slower growth in Sub-Saharan Africa in 2026
KAMPALA, June 4, 2026 — Economic growth across the European Bank for Reconstruction and Development’s [ EBRD ] Sub-Saharan Africa [SSA] economies is forecast to slow to 4.7 per cent in 2026…
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BoU caps over-the-counter cash withdrawals in push for digital payments
KAMPALA, June 3, 2026 — The Bank of Uganda [BoU] has announced new limits on over-the-counter cash withdrawals as part of a broader strategy to accelerate the country’s transition to digital financial…
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Rugby Africa boss to Join Panel on Sport as a Driver of African Industrialisation at the 33rd Afreximbank Annual Meetings
KAMPALA, June 3, 2026 — Rugby Africa, the governing body for rugby across the continent, says its President, Herbert Mensah, will participate in the 33rd African Export-Import Bank [Afreximbank] Annual Meetings [AAM],…
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Kapchorwa District Council approves Shs 32bln budget for FY 2026/2027
KAPCHORWA, June 3, 2026 — Kapchorwa District Council has officially approved a Shs 32 billion budget for the financial year [FY] 2026/2027, which begins on July 1, 2026. The budget was passed…
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