The Ministry of Finance has announced that over Shs 8.03 trillion has already been channelled into Uganda’s key wealth creation programmes—namely the Parish Development Model (PDM) and Emyooga—marking a substantial boost in efforts to transform household incomes and uplift the national econ
The United Boda Boda Cooperative Union has unveiled a comprehensive program aimed at enhancing the welfare of its members.This initiative introduces asset financing options, enabling riders to acquire motorcycles and land, thereby fostering economic empowerment and financial independence w
L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.The lender
The government, with support from international financiers, is pressing ahead with a $50.4 million (about Shs182 billion) initiative aimed at transforming rural economies through water access, market infrastructure, and affordable microfinance.Known as the Local Economic Growth Support (LE
Housing Finance Bank has won two national awards for its outstanding efforts in boosting agricultural productivity and supporting Uganda’s small businesses to recover from recent economic shocks.The accolades — the Agricultural Credit Facility (ACF) Award and the Small
The government has launched the National Climate Change Mechanisms Regulation, a key milestone in the country's efforts to operationalise Article 6 of the Paris Agreement and tap into the growing global carbon market.Unveiled by the Ministry of Water and Environment at its headquarters in
Sidi Ould Tah of Mauritania has been elected as the ninth President of the African Development Bank Group (AfDB), succeeding Nigeria’s Akinwumi Adesina, whose decade-long tenure ends this September.The announcement was made following a high-stakes vote by the AfDB’s Board of Governors
Uganda Development Bank's Managing Director, Dr. Patricia Ojangole, has been appointed Chairperson of the Association of African Development Finance Institutions (AADFI), the umbrella organisation for development finance institutions in Africa.Dr. Ojangole’s appointment was announced dur
Stanbic Bank has introduced a preapproved mortgage financing solution that empowers existing clients with up to shs 500 million—without the need for the traditional loan application process.“Homeownership should not be a privilege for a few—it should be an achievable milestone for ev
The Ugandan Parliament has granted leave to Faith Nakut Loru, the District Woman MP for Napak, to introduce a controversial private member’s bill that seeks to restrict government funding to political parties and organisations unless they are members of the National Consultative Forum (NCF).
