Caesar Mukasa
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Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
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Energy & Mining
Govt to foot Shs 795.5bln bill as Umeme prepares exit
KAMPALA– Government will incur a cost of US$ 215 million [about Shs 795.5 billion] in the processing acquiring majority shares of power distributor, Umeme. The move comes as Umeme’s 20-year contract comes…
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Agriculture
Inside government plans to boost food security
KAMPALA-Food insecurity is one of the major challenges Uganda is still grappling with, according to Uganda Food Security Outlook Report for June 2022 to January 2023. The report says season bimodal harvests…
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News
Resurgence of cattle rustling worries Karimojong
KAMPALA-The resurgence of cattle rustling in Karamoja is threatening the re-opening of schools in the region, according to Agago County Member of Parliament, David Lagen. Lagen raised the concern during the plenary…
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News
Ministers asked to present statement on Entebbe Airport extortions
KAMPALA-The Ministers for Works and Internal Affairs have been directed to present a joint statement to the House on allegations of extortions taking place at Entebbe International Airport. The directive by Deputy…
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Cooperatives & Communities
BoU tasked to explain sale of Cooperative Bank assets
KAMPALA-The Office of the Solicitor General has asked the Bank of Uganda [ BoU ] to explain the process regarding the sale of assets belonging to the defunct Cooperative Bank established in…
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Environment
New initiative to help unlock US$ 3trn needed a year for climate and nature
DAVO-KLOSTERS-The World Economic Forum, supported by more than 45 partners today launched the Giving to Amplify Earth Action [GAEA], a global initiative to fund and grow new and existing public, private and…
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Environment
Lack of climate adaptation investment could cost emerging markets hundreds of billions by 2030
KAMPALA – Failure to invest the bare minimum needed to withstand projected climate damage could cost emerging markets hundreds of billions in climate damages and lost GDP growth this decade, according to…
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Health
NMS seeks Shs 298bln to counter decline in donor funding
KAMPALA-The National Medical Stores [NMS] is seeking Shs 298 billion to offset the projected funding gaps arising from the declining donor funding. NMS General Manager, Moses Kamabare said that since donor agencies…
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Finance & Banking
Gov’t starts payment of Shs 2.5 trn matured securities
KAMPALA– Government is to pay Shs2.5 trillion to the Bank of Uganda [BoU)]in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired…
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