New Islamic Microfinance Toolkits Launched to Advance Financial Inclusion in Islamic Development Bank (IsDB) Member Countries

In a move to bolster financial inclusion and fight poverty across its member countries, the Islamic Development Bank Institute (IsDBI) has unveiled a new, five-volume series of Islamic Microfinance Toolkits. These comprehensive guides provide a practical roadmap for policymakers, regulators, and practitioners looking to build and manage Islamic microfinance institutions. A Comprehensive Guide to Inclusive…

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Sanlam Investments East Africa to Rebrand as SanlamAllianz Investments Following Major Joint Venture

Sanlam Investments East Africa Limited has announced it will officially rebrand to SanlamAllianz Investments Limited, effective September 15, 2025, following the successful completion of a landmark joint venture between two global financial powerhouses. Historic Partnership Creates Financial Giant The rebranding comes after the closure of the SanlamAllianz Joint Venture in September 2023, which created a…

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UDB’s Patricia Ojangole Discusses DFI Challenges

In a conversation at the Trade and Development Bank (TDB) Annual General Meetings in Kigali, Rwanda, Patricia Ojangole, the Managing Director of the Uganda Development Bank (UDB), discussed the crucial role of Development Finance Institutions (DFIs) in promoting economic growth. She highlighted the importance of securing affordable and long-term capital and building strategic partnerships to…

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Michael Segwaya, the Chief Finance Officer of Absa Bank Uganda

Absa Bank launches Jooga 2025 Campaign To Enhance Financial Solutions

Absa Bank Uganda has launched a new financial campaign dubbed “Jooga 2025,” marking a significant shift in how customers access and manage their financial needs. This comprehensive initiative transforms traditional banking services into tailored solutions that address real-life financial challenges. During the campaign launch, Absa Bank Uganda’s Chief Finance Officer, Michael Segwaya, outlined the bank’s…

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Salaam Bank Wins Top Honors for Green and Real Estate Financing in Uganda

Salaam Bank Ltd has been named the Best Green and Real Estate Financing Institution in Uganda for 2024/2025, highlighting its commitment to sustainable finance and responsible investment practices. Launched in Uganda in 2023, Salaam Bank is the country’s first commercial bank to offer Islamic banking, marking a significant milestone in the country’s financial landscape. Experts…

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