Month: October 2026

Oldest police SACCO disburses Shs 10.2bln in loans to members

KAMPALA, October 31, 2026 — The Police Savings Association Limited [PSAL], the Uganda Police Force’s oldest savings and credit cooperative organisation [SACCO], distinct from the relatively young Exodus SACCO, has disbursed Shs…

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Boarding schools face sanctions over unlawful operations

KAMPALA, October 31, 2026 — The Ministry of Education and Sports has warned boarding schools operating without authorisation that they will face sanctions as the government moves to strengthen safety and welfare…

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Kagadi district moves to curb coffee theft with new ordinance

KAGADI, October 31, 2026 — Kagadi district authorities are preparing a Local Government Ordinance to regulate the trade in agricultural produce, particularly coffee, following an increase in coffee theft in the district.…

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EBRD supports Egypt’s energy security with US$ 63mln financing

CAIRO, October 31, 2026 — The European Bank for Reconstruction and Development [EBRD] is supporting Egypt’s energy transition and industrial decarbonisation with US$ 63 million [€54.7mln] in financing for Dandara Solar Power.…

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Relief as gov’t halts DFCU auction of Igara Tea Factory

KAMPALA, October 31, 2026 — Government has secured a four-month suspension of the planned auction of Igara Growers Tea Factory Limited by DFCU Bank as it moves to address the factory’s financial…

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Russia-Africa Summit adopts declaration calling for multipolar world order, expanded cooperation

MOSCOW, October 30, 2026 — The third Russia-Africa Summit on Thursday adopted a declaration calling for a more multipolar world order, greater African representation in global governance and expanded cooperation in trade,…

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Stanbic Bank Uganda raises prime lending rate to 21.75 percent

KAMPALA, October 30, 2026 — Stanbic Bank Uganda Limited, the country’s largest bank by total assets, has raised its Uganda shilling prime lending rate to 21.75 percent per annum, effective December 2026,…

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WYCUP report calls for clearer leadership pathways for emerging credit union professionals

MADISON, Wisconsin, October 30, 2026 — Credit union emerging leaders are calling for clearer pathways to leadership, greater involvement in technology and digital strategy decisions, and more opportunities for professional development and…

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Lango stakeholders hail IG involvement in NUSAF IV project implementation

LIRA CITY, October 30, 2026 — Stakeholders in the Lango Sub-region have commended the involvement of the Inspectorate of Government [IG] in the implementation of the Northern Uganda Social Action Fund [NUSAF]…

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Kikuube district fails to recover Shs 900mln from youth

KIKUUBE, October 30, 2026 — Kikuube District Local Government has failed to recover more than Shs 900 million from youth groups that benefited from the Youth Livelihood Programme [YLP] implemented countrywide under…

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