Capital
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News
Centenary Bank says when women are given opportunity for financial inclusion, they can do miracles
KAMPALA, June 28, 2024 – The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) Bank of the Year 2024, Centenary Rural Development Bank exemplifies the spirit of this year’s…
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News
Fidelity Bank Nigeria completes acquisition of Union Bank UK
CAIRO, June 11, 2024 – African Export-Import Bank [Afreximbank] has announced the disbursement of a US$40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of…
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Cooperatives & Communities
Katakwi: Best performing Emyooga SACCOs get Shs 220mln additional seed capital
KATAKWI, March 8, 2024 – Government through the Microfinance Support Center [MSC] has injected additional seed capital of Shs 220 million into 11 successful Emyooga Saving and Credit Cooperative Societies [SACCOs] in…
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Cooperatives & Communities
UMRA protests merger, asked to present comprehensive report on achievements
KAMPALA, February 28, 2024 – The Uganda Microfinance Regulatory Authority [ UMRA ] is against the move by government to push it back to the mother Ministry of Finance, saying that its…
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News
Dokolo journalists’ association gets Shs 1mln capital boost
DOKOLO, February 19, 2024 – Dokolo Media Association in Dokolo district has received Shs 1 million to boost the capital, and livelihoods of its members who are mainly journalists. The money was…
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National
BoU, DPF to start paying EFC Uganda depositors next week
KAMPALA, January 24, 2024 – Depositors of EFC Uganda are to be paid by the Bank of Uganda [BoU] and the Deposit Protection Fund of Uganda [DPF] after the lender had its…
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Cooperatives & Communities
Otuke women ask govt for financial support
OTUKE, December 28, 2023 – Women under Canomia Diro Women Group that processes shea nut products in Ogor Sub-county, Otuke district have appealed to government for financial assistance, saying it would help…
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Africa
Nigeria: AfDB approves US$ 80mln for investment in knowledge zone
ABUJA, November 29, 2023 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 80 million loan to finance the Ekiti Knowledge Zone project in Nigeria. The…
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Cooperatives & Communities
VSLAs improving livelihoods of locals in Amolatar
AMOLATAR, October 18, 2023 – The Village Savings and Loans Associations [ VSLAs ] have improved the livelihoods of the beneficiaries in Amolatar district. According to officials, there are over 600 VSLAs…
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National
Oil and gas sector activities boost tax revenue in August 2023
KAMAPALA, September 22, 2023 – Tax revenue collections in August amounted to about Shs 1,990.91 billion, which was Shs 6.98 billion above the target, according to the Performance of the Economy Report…
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