Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base The African Development Bank Group has signed a $3.2 billion Exposure Exchange Agreement…
Uganda’s merchandise export earnings witnessed a remarkable upswing in February 2025, climbing by 32.3% compared to the same period the previous year. Data from the Ministry of Finance, Planning and Economic Development‘s March 2025 Performance of the Economy Report reveals…
In the vibrant city of Kampala, where ambition and opportunity intersect, Catherine Poran has emerged as a transformative leader at the helm of the Stanbic Business Incubator Limited (SBIL). A visionary strategist and dedicated mentor, Catherine has earned her place…
FOCUS Africa will address key investment challenges and unlock high-impact opportunities across multiple sectors, including agribusiness, technology, infrastructure, logistics, energy, manufacturing, mining, tourism, and the blue economy The African Export-Import Bank (Afreximbank), in collaboration with the Ministry of Planning, Economic…
The African Development Bank Group has committed $934 million to SAPZs in 11 African countries Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African…
The deployment of MTN Uganda’s SASE Business solution has significantly enhanced Post Bank’s operational efficiency, network reliability and security, as well as customer experience. By leveraging this advanced technology, Post Bank has optimized its connectivity across 2 of its branches,…
These impressive results highlight Afreximbank’s resilience, systemic relevance and its commitment to delivering on its mandate and the objectives set under its Sixth Strategic Plan African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the…
By Our Staff Writer As Uganda’s economy continues to digitize and diversify, the financial sector has seen an impressive transformation, particularly within the forex bureau and money remittance subsector. According to the Bank of Uganda, this subsector processed over Shs17.82…
Stanbic Bank, the anchor subsidiary of Stanbic Uganda Holdings Limited (SUHL), hosted an inaugural financial literacy session recently for senior administrators of primary, secondary, and vocational schools in the Kampala Metropolitan Area. The event took place at Hotel Africana, in…
In Uganda, health insurance is still something many associate with the privileged few, a luxury service wrapped in paperwork, unfamiliar jargon, and hefty upfront payments. But a quiet shift is taking place. And leading that change is a new partnership…
The African Development Bank and AFD co-founded ADFI in 2019 with the Gates Foundation and the Ministry of Finance of the Government of Luxembourg The Agence française de développement (AFD) has committed an additional €3 million to the African Development…
The EAPI Summit is East Africa’s premier real estate event, bringing together over 450 global investors, developers, and professionals from the real estate industry Under the theme “Positioning for Opportunity”, Nairobi’s premier real estate event brings global investors and developers together to…
Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the complexities of global resource mobilization The African Development…
African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank, and the State…
The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector The African Development Bank and the Bank of Africa Tanzania (BOAT) have signed a $7.5 million trade finance transaction guarantee facility to boost…