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Africa
Africa set to be the second fastest growing region after Asia- new report
CAIRO – Africa is set to be the second fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks, the…
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East Africa
EAC Political Confederation Constitution: Ruto urges experts to deliver first draft by June 2024
NAIROBI-The President of Kenya Williams Ruto has urged the Committee of Experts tasked with drafting the Constitution for the proposed EAC Political Confederation to fast-track the process and have the first draft…
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Cooperatives & Communities
Celebrating 101 International Day of Cooperatives: MTIC begins preparations
KAMPALA– The Ministry of Trade, Industry and Cooperatives [ MTIC ] has started preparations to mark the 101 International Day of Cooperatives. The cooperative movement in Uganda will on July 1, 2023,…
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News
UHRC releases 25th annual report at parliament
KAMPALA – The Uganda Human Rights Commission [ UHRC ] has been commended for capturing socio-economic issues in their 25th annual report. Breaking away from the tradition of focusing solely on political…
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Environment
Parliament halts evictions in Mt. Elgon National Park
KAMPALA – The Speaker of Parliament, Anita Among, has issued a directive to Uganda Wildlife Authority [UWA] officials in Sebei sub-region to halt evictions of people living around Mt. Elgon National Park.…
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Finance & Banking
Winners and losers as MPs okay Shs 52.7 trn national budget
KAMPALA – Parliament on Thursday passed the Shs 52.7 trillion national budget for the financial year 2023/2024 in a sitting chaired by Speaker Anita Among. Shs 21.4trn of the total budget is…
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Cooperatives & Communities
2023/2024 budget: Govt earmarks over Shs 1trn for SACCOs
KAMPALA– Government has earmarked Shs 1.177 trillion for various SACCOs in the upcoming 2023/2024 financial year, according to State Minister for Microfinance, Haruna Kasolo. Parliament yesterday approved the Shs 52trn budget for…
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Finance & Banking
Local banks post total assets of Shs 46.1trn in 2022
KAMPALA – The Uganda Bankers’ Association [UBA] in its annual report shows the local banking industry grew its total assets by 11.2 percent to Shs 46.1 trillion in 2022 compared to Shs…
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International
Switzerland becomes first country to ratify ICA 2022
LONDON – Switzerland last Thursday officially became the first country to ratify the ICA 2022, approved by members of the International Coffee Organisation [ICO] in June 2022. The country has been a…
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East Africa
Commitments to Common Market Protocol bedrock of trade integration-EAC boss
ARUSHA – East African Community [EAC] Partner States’ commitments to the Common Market Protocol is the bedrock of trade integration in the bloc, EAC Secretary General, Dr. Peter Mathuki, has said. Mathuki…
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