USAID Uganda Mission Director Daniele Nyirandutiye has expressed her concern over the persistent biases that women face in accessing credit, even when resources are available, saying that lenders frequently hesitate to trust female entrepreneurs, often dismissing their loan applications without genuine consideration. “Women entrepreneurs shouldn’t have to face this kind of bias in the marketplace,”…
Uganda’s premier platform for recognizing excellence in financial leadership is back with its 8th edition of the ACCA and Deloitte Uganda Chief Financial Officer (CFO) Awards. This prestigious event focuses on celebrating outstanding financial leaders who have made significant contributions to their organizations and the economy. Charlotte Kukunda, Country Manager ACCA Uganda noted that the…
Citi has announced a EUR 126 million loan to the Government of the Republic of Uganda to fund the design and build of the Lusalira to Sembabule road project in Uganda. Citi acted as sole coordinating Mandated Lead Arranger and a lender. The financing was supported by African Trade and Investment Development Insurance (ATIDI) and…
The Citi Foundation has announced the 50 community organizations around the world that are set to each receive $500,000 in catalytic funding as part of the 2024 Global Innovation Challenge. This year, Citi Foundation’s Global Innovation Challenge sought applications providing sustainable solutions to addressing homelessness. Habitat for Humanity was announced as the grant recipient in…
1. What is the Agricultural Credit Facility? The Agricultural Credit Facility (ACF) is a fund set up by the Government of Uganda (GoU) in partnership with Commercial Banks, Micro Deposit- Taking Institutions (MDIs), Credit Institutions & Uganda Development Bank Limited (collectively known as Participating Financial Institutions (PFIs)) to support farmers and projects involved in the…
In FY 2023/24, coffee exports were 6.13 million bags valued at US$ 1.144 Billion. This was an increase of 6.33% in volume and 35.29% in value compared to FY 2022/23 when exports were 5.8 million bags valued at US$846 million. Due to effective regulation by UCDA, coffee quality has greatly improved and this has resulted…
Absa Bank Uganda is pleased to announce the appointment of Ruth Lillian Kagabane as Compliance Director with effect from 1 November 2024. Ruth is an accomplished Banker with over 17 years of diverse experience in risk management, compliance,operations and controls. Prior to this appointment, she held the role of Head of Retail and Business Banking…
Absa Bank Uganda has announced the conclusion of a UGX 19 billion loan facility to Mogo Loans, a visionary partner transforming Uganda’s informal economy by making electric bikes accessible to commercial riders. Absa’s funding will support Mogo Loans in their mission to provide affordable loans to commercial riders, commonly known as ‘boda boda’ operators, to…
Officials from the Private Sector Foundation of Uganda (PSFU) and Uganda Manufacturers Association have asked the   Government of Uganda to harmonise the costs of Digital Tracking Solutions, also known as Digital Tax Stamps (DTS) with its East African Community counterparts to ensure fair competition.They said this during an interface with MPs on the Parliamentary Committee on Finance…
Absa Bank Uganda, Rotary Uganda and My Tree Initiative Organization, have launched a schools greening programme aimed at engaging 90,000 students in planting and nurturing 120,000 trees across 183 primary schools. Under the theme “Sustainable Growing of 120,000 Trees in Primary Schools”, this Programme aims to combat climate change and promote environmental education across school…
