Kampala, Uganda | THE INDEPENDENT | Parliament has approved a government request to borrow up to €168.9 million from the United Kingdom Export Finance (UKEF) and Citi Bank to finance Phase II of the Solar Powered Irrigation Systems Project aimed at boosting coffee production and strengthening climate resilience. The loan …
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Kampala, Uganda | URN | The World Bank Group intends to lend Uganda some 2 billion dollars (7.5 trillion shillings) in each of the three cycles over the next 10 years, according to the Bank’s new Country Partnership Framework CPF). This adds to the existing 4.05 billion dollars (15.26 trillion …
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Soroti, Uganda | THE INDEPENDENT | Pride Bank has launched a new financing product in Soroti aimed at expanding access to affordable credit for small businesses, women entrepreneurs, and youth-led enterprises, as financial institutions intensify efforts to tap into underserved markets outside Kampala. The GROW Loan, unveiled on May 21 in …
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Kampala, Uganda | URN | When he first reported to the Uganda Cancer Institute (UCI) last year, Sande Stephen, the beneficiary of Uganda’s first successful bone marrow transplant, was bedridden. After several rounds of treatment, he gradually improved and was able to use a wheelchair. Speaking on Friday, Sande recounted …
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Kampala, Uganda | THE INDEPENDENT | Makerere University is poised for a major transformation as longstanding challenges of outdated and dilapidated infrastructure give way to ambitious modernization efforts. For years, the university has grappled with aging buildings, overcrowded facilities, insufficient modern laboratories, and inadequate spaces to support its growing student …
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KAMPALA, UGANDA | THE INDEPENDENT | Makerere University’s Science, Technology and Innovation Education (STIE) is expected to progress into modernity, following Parliament’s approval of a US$162 million loan to finance the project. Parliament approved the loan from Korea Export Import Bank during plenary sitting on Tuesday, 16 December 2025. The Minister …
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Kampala, Uganda | THE INDEPENDENT | Diamond Trust Bank (DTB) Uganda, a leading financial institution in Uganda, has announced a new partnership with Furaha Finserve Uganda Limited aimed at easing the burden of school fees for families across the country. The collaboration introduces the DTB–Furaha School Fees Loan, a …
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South Sudan has relied heavily on pre-payments from oil traders and banks to fund its budget, but many such loans have fallen into arrears London, UK | Jacob Atkins | BB Energy has won a last-minute court judgement to prevent the government of South Sudan from selling an oil cargo worth at least US$20mn, due …
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Kampala, Uganda | THE INDEPENDENT | The Busega-Mpigi Expressway project works are expected to resume, following approval of a loan of Euros188.18 million (Shs781.04 billion) from the African Development Bank and Euros28.31 million (Shs117.46 billion) from the African Development Fund. The loan, approved by Parliament during plenary sitting on Tuesday, …
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Kampala, Uganda | Fred Onzima | As Uganda’s financial landscape continues to embrace digital technology, a new initiative by FINCA Uganda is aiming to bridge the gap between digital banking and underserved communities. While mobile banking apps, USSD codes, agent networks, and online platforms have improved access to financial services nationwide, …
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The Independent Uganda: You get the Truth we Pay the Price
