For 2025, growth is projected to recover to 3.0 percent as social conditions normalize and economic activity picks up, especially in services An International Monetary Fund (IMF) team, led by Mr. Pablo…
As the world grapples with the challenges of climate change, energy security, and sustainable development, the role of petroleum resources in the energy mix has become increasingly important. That is the overriding…
The Trade and Development Bank Group (TDB Group) has achieved a significant milestone by securing accreditation from the Green Climate Fund (GCF), positioning itself as a key financial catalyst for climate action…
The communal spirit of the Maasai is reflected in the hotel’s design, with shared spaces like outdoor dining areas and a central bonfire encouraging interaction and connection Tribute Portfolio – part of…
Partnerships are vital in the development of Uganda’s oil and gas sector. This was highlighted by the Minister for Energy and Mineral Development, Ruth Nankabirwa, at the 11th East African Petroleum Conference…
The government of Uganda has, through the Ministry of Energy and Mineral Development, resolved to revive the production of copper at Kilembe mines in Kasese District. This signing of the Mineral…
As Uganda moves towards full control of its electricity distribution, the government has strategically turned to Stanbic Bank Uganda, the country’s leading financial institution, for a crucial loan of Shs700 billion to…
The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads Talks held by the African Development Bank Group in the Republic of Congo…
For nearly two decades, Umeme Limited has been the face of electricity distribution in Uganda, playing a pivotal role in power access, infrastructure investment, and stock market dominance. However, as the company’s…
With this expansion, individual entrepreneurs – including those in the formal and informal sectors – can now fully benefit from its enhanced financial and non-financial solutions To bridge the gender financing gap…
Key findings Operating conditions for Ugandan private sector firms improved in February, following a brief decline at the start of the year sending the headline Stanbic Purchasing Managers’ Index (PMI) up to…
Uganda’s financial ecosystem is at a turning point. MTN MoMo and Airtel Money, two of the country’s largest mobile money providers—are locked in a high-stakes battle for digital payment dominance. Both companies…
The African Development Bank (AfDB) has been instrumental in fueling socio-economic development in Uganda through its strategic partnerships with local financial institutions, such as the Uganda Development Bank (UDB). The UDB has…
In a bid to promote sustainable development and reduce reliance on fossil fuels, Housing Finance Bank and the Uganda Energy Credit Capitalisation Company (UECCC) have launched a renewable energy loan program for…
African Development Bank leaders champion climate finance and just transition The fifth edition of the Finance in Common Summit (FiCS) concluded on Friday in Cape Town, South Africa, with strong calls for…