Financial
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UDB launches programme to reshape industrialisation
KAMPALA, March 25, 2025 – Uganda Development Bank [UDB] recently launched the Reshaping Industries for a Sustainable Economy [RISE] Programme expected to transform the way the Bank deploys its resources within the…
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UBL Launches Initiative to Protect Mt. Elgon Catchment Area
KAMPALA, March 24, 2025 – – Uganda Breweries Limited [UBL], a prominent beer producer, has launched an initiative to safeguard the Mt. Elgon catchment area and ensure long-term water security for communities…
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Nature project launched to foster sustainable natural resources management in EAC
ARUSHA, March 23, 2023: The East African Community [EAC], in collaboration with the German Federal Ministry for Economic Cooperation and Development [BMZ] and the European Union [EU], today launched the EAC4Nature Project,…
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AfDB Mulls US$ 500 Million Facility to Mobilise Financing for Smallholder Farmers
NAIROBI, March 22, 2025 — African Development Bank Group [AfDB] President Dr. Akinwumi Adesina has announced plans to launch a US$ 500 million facility designed to unlock US$ 10 billion in financing…
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Museveni challenges Bunyoro Zonal Industrial Hub alumni to form SACCOs
MASINDI, March 21, 2025 – President Yoweri Museveni has urged students who completed their studies at the Bunyoro Zonal Industrial Hub to form Savings and Credit Cooperative Organisations [SACCOs] in their respective…
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Austria and Uganda launch Shs 14bln project to combat GBV in Greater Masaka
MASAKA, March 21, 2025 – The Governments of Austria and Uganda have launched a €3.5 million [approximately Shs 14 billion] three-year project aimed at combating gender-based violence [ GBV ] in the…
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Stanbic Bank to help Okere Shea Cooperative Society join banking system
OTUKE, March 21, 2025 – Stanbic Bank, Lira Branch, has pledged to assist Otuke district’s Okere Shea Cooperative Society Limited members, especially women, to open bank accounts as they work towards improving…
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Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards
LOMÉ, March 21, 2025 — Ecobank Group, which also operates an affiliate in Uganda, has been named as the Best Trade Finance Provider Bank in Africa, at the Global Finance Trade Finance…
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Alarm as governments, companies borrow USD 25 trillion in 2024
KAMPALA, March 21, 2025 — Governments and companies borrowed USD 25 trillion from markets in 2024, which is USD 10trn more compared to the pre-COVID period, and nearly three times the amount…
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Uganda’s export earnings increase 50.4 percent in January 2025
KAMPALA, March 20, 2025 – Uganda’s export earnings in January 2025 grew by 50.4 percent compared to the same month last year, reaching USD 859.22 million, up from USD 571.16mln in January…
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