Caesar Mukasa
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News
Stanbic increases ceiling for unsecured SACCO loans to Shs 4bln
KAMPALA, November 20, 2024 – Stanbic Bank has raised the ceiling for unsecured SACCO loans to Shs 4 billion, up from the previous limit of Shs 200 million, with an interest rate…
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Budaka Irish potato farmers set to thrive with new crisps factory
BUDAKA, November 18, 2024 – Farmers in Budaka district, eastern Uganda, are set to benefit from a new partnership that will transform the local agricultural landscape. PAL-Chips, a Dutch company, is planning…
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“We are working for the socio-economic transformation of Ugandans”- Museveni assures NRM MPs
GOMBA, November 3, 2024 — President Yoweri Museveni has assured the National Resistance Movement [NRM] Parliamentary Caucus that since coming to power in 1986, his government has been working for the socio-economic…
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Col. Nakalema engages mining sector stakeholders to shape Uganda’s mineral future
KAMPALA, November 1, 2024 — The Head of the State House Investors Protection Unit (SHIPU), Col. Edith Nakalema, has urged stakeholders in Uganda’s mining sector to protect and promote the industry, highlighting…
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Stanbic Bank cuts interest rate to 19.50 percent
KAMPALA, October 30, 2024 — Uganda’s largest bank by assets, Stanbic Bank, has reduced its local currency prime lending rate [PLR] to 19.50 percent from 19.75 percent, effective December 1, 2024. This…
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Uganda aims to reactivate 1963 trade deal with Serbia
KAMPALA, October 26, 2024 — State Minister for Trade Gen. Wilson Mbadi Mbasu has led a delegation to Serbia for a Joint Commission for Trade Cooperation session in Belgrade. This trade mission…
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Widespread progress in African financial markets
KAMPALA, October 25, 2024 — There have been clear improvements across countries in the Absa Africa Financial Markets Index 2024. Scores have risen for 23 countries [82 percent], which is the highest…
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NARO and China sign MoU to boost food production
KAMPALA, October 23, 2024 – Uganda, through the National Agricultural Research Organisation [NARO], has signed an Agricultural Production Cooperation Agreement with the Government of China aimed at increasing food production in the…
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Think tank calls for farmers’ contributary social security schemes
KAMPALA, October 15, 2024 – The government should facilitate the formation of farmer-focused contributory social security schemes to help farmers save for unforeseeable shocks. Dr. Brian Sserunjogi, a research fellow at Economic…
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Museveni contributes Shs 2bln to Muslim Women SACCOs
KAMPALA, October 12, 2024 — President Yoweri Kaguta Museveni has contributed Shs 2 billion to Muslim women-run Savings and Credit Cooperative Organisations [ SACCOs ] in the country. “I will contribute Shs…
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