GROW Loan is a government-backed initiative aimed at fostering entrepreneurship among women by providing affordable loans and business development support, focusing on boosting financial inclusion and promoting economic growth in Uganda.
On Friday, May 3rd, 2024, President Yoweri Kaguta Museveni and the First Lady and Minister of Education and Sports, Maama Janet Museveni, hosted the Kyabazinga of Busoga Kingdom, His Highness William Wilberforce Gabula Nadiope IV, and the Inhebantu Jovia Mutesi for a special luncheon at State House Entebbe. The Kyabazinga and Queen Mutesi had a […]
The Anti-Corruption Court in Kampala has remanded five employees of Equity Bank on charges of conspiring to defraud the bank of sh62bn. They are Julius Musiimenta, the Head Agency Banking, Erina Nabisubi the Relationship Manager Telecoms, Fred Semwogerere a Banker, Crescent Tumuhimbise Tibarwesereka, a Relationship Officer and Wyclif Asiimwe a Distribution and Marketing Consultant. These […]
A water crisis in Kabale municipality and neighboring areas has entered its seventh day causing concern among residents. As a result, a 20-litre jerrycan of water is now costing between sh1,500- 2,000. Residents in the municipality and the sub-counties of Kyanamira, Kitumba in Kabale district as well as Bubare sub-county in Rubanda district largely depend […]
European Investment Bank (EIB Global) and Centenary Rural Development Bank Ltd (“CERUDEB”) have announced the agreement to make over sh426bn (€100 million) available to private sector enterprises, with a focus on female borrowers and microenterprises in rural areas. A statement from EIB says the investment represents EIB Global’s largest-ever microfinance loan to any country in […]
Arua Central Police Station is holding five staff of Post Bank over the alleged theft of sh138m. The suspects include Leonard Lakwey, the Operations Manager, Walter Feni, the Customer Service Officer, Resty Lunkuse, David Tenywa, and Brian Olara Okidi, all banking officers at the branch. They were picked up upon returning to Arua from Post […]
Turkish real estate firm, VAAL Real Estate, has entered the Ugandan market with its flagship housing project dubbed CADENZA valued at approximately US$30 million. The construction works for CADENZA located in Nakasero, Kampala, are expected to begin next month. Executives said the project will be ready for occupation in 2027 but those with matching price […]
Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be heading to Nairobi, Kenya where she will take up the new role of Regional Head, Global Markets. Over the […]