Our Reporter
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Africa
AfDB’s Shs 518mln AgriPitch Competition names 25 finalists
KAMPALA-Twenty-five youth-led agriculture sector companies from 14 African countries have advanced to the finalist round of the African Development Bank Group’s 2022 AgriPitch Competition. The Bank, in collaboration with the implementing lead…
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Cooperatives & Communities
PDM: Gov’t releases over Shs 260bln for agricultural production
KAMPALA-The Ministry of Finance has released Shs 264 billion towards the Parish Development Model [ PDM ] to boost agricultural production in the country, according to the Secretary to the Treasury, Ramathan…
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Africa
Africa’s coffee exports were 6.8 percent up in November 2022
KAMPALA-Exports of all forms of coffee from Africa increased by 6.8 percent to 1.09 million bags in November 2022 from 1.02mln bags in November 2021, the International Coffee Organisation [ICO] says in…
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Cooperatives & Communities
Former KCCA staff on spot over defrauding cooperatives
KAMPALA-Some of the retired staff of Kampala Capital City Authority [KCCA] are on the spot for illegally running offices to handle cooperative sector-related work, ending up extorting large amounts of money from…
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International
End of year message from ICA President
Dear cooperative friends. We are coming to the end of a year that was full of important events for the International Cooperative Alliance [ICA]. We met in Seville after almost two years…
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Finance & Banking
ECF: Uganda to receive over Shs 880bln from IMF
KAMPALA-Uganda stands to receive an additional US$ 240 million from the International Monetary Fund [IMF] under the Extended Credit Facility [ ECF ] approved by the IMF Executive Board on June 28,…
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East Africa
World Bank earmarks US$15mln to enhance digital integration in EAC
ARUSHA-The World Bank has earmarked about US$15 million [about Shs 55.5 billion] to enhance and accelerate regional digital integration efforts across the East African Community [EAC]. The Bank through its Single Digital…
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East Africa
Bioeconomy strategy to improve food security, says EAC boss
ARUSHA-The Secretary General of the East African Community [EAC], Dr. Peter Mutuku Mathuki has said that the recently approved regional bioeconomy strategy by the EAC Council of Ministers will be a key…
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East Africa
Rwanda: IMF approves US$ 319mln loan to build resilience to climate change
KIGALI-The Executive Board of the International Monetary Fund (IMF) has approved US$ 319 million loan asked by Rwanda under the Resilience and Sustainability Facility [RSF]. According to IMF, Rwanda is the first…
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International
Debt-service payments put biggest squeeze on poor countries since 2000-World Bank
KAMPALA-The poorest countries eligible to borrow from the World Bank’s International Development Association [IDA] now spend over a tenth of their export revenues to service their long-term public and publicly guaranteed external…
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