Caesar Mukasa
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Cooperatives & Communities
Govt will revive Cooperative Bank, says minister Bahati
KAMPALA– Government is in the initial stages of reviving the Cooperative Bank, according to State Minister for Trade, Industry and Cooperatives, David Bahati. Bahati made the revelation in Kampala on Tuesday during…
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Cooperatives & Communities
Hot debate in parliament over money lender’s death
KAMPALA – The murder of Uttam Bhandari, a city money lender by a police officer, Ivan Wabwire, has stoked debate in parliament on mental health, minimum wage and exorbitant interest rates in…
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Cooperatives & Communities
UMRA cautions money lenders after murder of Asian businessman
KAMPALA – Tier 4 Microfinance institutions and money lenders in Uganda have been advised to be cautious when dealing with borrowers after a police officer shot dead an Asian businessman in Kampala…
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Environment
Among calls for immediate support for flood victims
KAMPALA – Speaker of Parliament, Anita Among has demanded immediate intervention for residents of Kigezi and Rwenzori sub-regions who have been affected by floods following the recent heavy downpour. Reports indicate that…
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International
India to host major coffee conference in September
KAMPALA – After the huge success of London [2001], Salvador [2005], Guatemala City [2010] and Addis Ababa [2016], the 5th edition of the World Coffee Conference [WCC] and Expo arrives for the…
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Africa
Nairobi ready to host 10th TCAMCCO this month
KAMPALA-The 10th Technical Committee of the Africa Ministerial Cooperative Conference [ TCAMCCO ] will be held in Nairobi, Kenya, from May 22-24, 2023, according to International Cooperative Alliance Africa [ICA-Africa], a Region…
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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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