Caesar Mukasa
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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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Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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News
Ugandan coffee ranked high as Museveni seeks to bolster European and American markets
KAMPALA – Ugandan coffee will soon find its way to the European Balkan States market following a concerted effort by President Yoweri Museveni to bolster Uganda’s trade links beyond Africa, a continent…
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Cooperatives & Communities
Mayuge RDC gives money lenders ultimatum to return clients’ IDs
MAYUGE – The deputy resident district commissioner Mayuge, Trevor Solomon Baleke has issued an ultimatum to all money lenders in the district to return all national identification cards [ IDs ] confiscated…
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Cooperatives & Communities
Bukwo maize farmers aim at value addition
BUKWO – Maize farmers in Bukwo district are struggling to pool resources together to buy machinery that would enable them add value to their maize. The farmers under Kapsukwar Farmers’ SACCO, totaling…
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Cooperatives & Communities
Pooling resources: UCSCU SACCOs raise over Shs 890mln for re-capitalisation
KAMPALA – SACCOs subscribing to Uganda Cooperative Savings and Credit Union [UCSCU] have pooled resources of about Shs 897 million to re-capitalise members as they grow their businesses. Through the central finance…
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Cooperatives & Communities
Microfinance and Savings Groups Conference kicks off in Kampala
KAMPALA-A two-day hybrid Annual Microfinance and Savings Groups Conference 2022 kicked off on Tuesday at Hotel Africana in Kampala, attracting different players from the private sector, government, academia, civil society, and academia.…
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Cooperatives & Communities
UMRA, URSB summon money lenders for crucial meeting in Kampala
KAMPALA – The Uganda Microfinance Regulatory Authority [ UMRA ] in partnership with Uganda Registration Services Bureau [URSB] has organised a workshop aimed at sensitising selected money lending companies in the country…
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Cooperatives & Communities
SACCOS best solution to ending poverty in Uganda, says UCSCU boss
KAMPALA – The chief executive officer of Uganda Cooperative Savings and Credit Union [UCSCU], Dr. Sylvester Ndiroramukama has underscored the role of SACCOS in helping communities to fight poverty. Talking to theCooperator…
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