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Africa
Nigerian lender to acquire 80 percent stake in Finance Trust Bank
KAMPALA, January 23, 2024 – Nigerian business group, Access Holdings has announced that its flagship subsidiary, Access Bank PLC (Access Bank) has entered into a definitive agreement with Uganda’s Finance Trust Bank…
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Cooperatives & Communities
Partners pledge to transform global coffee sector in joint declaration
BERLIN, 19 January 22, 2024 – Set against the vibrant backdrop of Berlin’s Grüne Woche, the International Coffee Organisation [ICO], Global Coffee Platform [GCP], and German Federal Ministry for Economic Cooperation and…
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Cooperatives & Communities
Investor Patel acquires 1.29 stake in Co-operative Bank of Kenya
NAIROBI, January 22, 2024 – Kenyan tycoon Baloobhai Patel has acquired a 1.29 percent stake in Co-operative Bank of Kenya after buying an extra 20.5 million shares worth Ksh 232mln. Patel, whose…
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National
Cecilia Ogwal dead
KAMPALA, January 18, 2024 – The Dokolo District Woman Member of Parliament is reportedly dead in India, close family members have said. They said the veteran politician who subscribed to the Uganda…
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National
NAM and G-77 summits: Museveni pitches to foreign investors
KAMPALA, January 17, 2024 – President Yoweri has urged foreign investors to establish their projects in Uganda, saying the country offers many opportunities such as availability of natural resources like minerals. Below…
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Development
Foreign Affairs Ministry seeks Shs 6bln for post-NAM and G77+China summit activities
KAMPALA, January 17, 2024 – Parliament’s Committee on Foreign Affairs has recommended the provision of a budget line worth Shs 4 billion and Shs 2bln to the Ministry of Foreign Affairs, to…
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Cooperatives & Communities
Launch of World Cooperative Monitor 12th Edition set for next Friday
KAMPALA, January 17, 2024 – The 12th Edition of World Cooperative Monitor [ WCM ] will be launched on January 16, 2024, with most of the invitees expected to follow the event…
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Cooperatives & Communities
Sugar millers want issuance of new licences halted
KAMPALA, January 16, 2024 – Sugar millers under the umbrella of Uganda Sugar Manufacturers Association [USMA] want an amendment of the Sugar Act, 2020, halting all the sugar licences currently issued by…
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International
EDISON Alliance improves lives of over 700mln people, welcomes four new countries
DAVOS-KLOSTERS, 16 JANUARY 2024 – The EDISON Alliance, a global coalition of leaders from the private sector, governments, academia, and civil society, has today released its second Annual Impact Report, revealing that…
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Africa
EAC Partner States urged to promote harmonious cooperation
ARUSHA, January 14, 2024 – All East African Community [EAC] Partner States have been urged to strive to achieve harmonious cooperation in their undertakings to ensure the people of East Africa remain…
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