Our Reporter
-
Finance & Banking
UDB, Ojangole win second Global Sustainable Finance Award
KAMPALA-Uganda Development Bank [UDB] and its Managing Director, Patricia Ojangole were for the second time in a row named Sustainability Leader of the Year 2022 at the Karlsruhe Sustainability Awards Ceremony that…
Read More » -
Africa
U.S. – African Leaders Summit 2022 to enrich cooperation on shared global priorities
KAMPALA-Heads of state and leaders from across the African continent will from December 13-15, 2022, converge in Washington D.C., within the context of the United States [ U.S. ] – Africa Leaders’…
Read More » -
Cooperatives & Communities
Global coffee exports down 2.5 percent in October
Global exports of green beans in October 2022 totalled 8.5 million bags, compared with 8.72mln bags in the same month of the previous year, down 2.5 percent, according to the latest International…
Read More » -
Africa
TUI, ACISA sign MoU for development of cooperative movement in Africa
KAMPALA-The Uhuru Institute for Social Development [TUI] and The Africa Cooperatives Institute of South Africa [ ACISA ] have signed a Memorandum of Understanding [MoU] for the development of the cooperative movement…
Read More » -
International
World Cooperative Monitor 2022 to be released today
GENEVA-The International Cooperative Alliance [ICA] and the European Research Institute on Cooperative and Social Enterprises [Euricse] will release today the 2022 edition of the World Cooperative Monitor [WCM]. To be launched during…
Read More » -
Cooperatives & Communities
BoU readying to regulate big SACCOs, pledges to work with UCSCU
KAMPALA– The Microfinance Deposit-Taking Institutions [Registered Societies] Regulations, 2022, will enable the Bank of Uganda [BoU] to license and supervise large SACCOs in the country as mandated under the Tier 4 Microfinance…
Read More » -
Africa
COMESA gets over US$ 6mln grant to boost pharmaceutical sector
ABIDJANI-The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, this month approved a US$ 6.63 million grant to the Common Market for…
Read More » -
News
Road construction: Contractors’ debt rises to over Shs 580bln
KAMPALA-Road works across the country are being constrained by a Shs 585 billion debt to contractors, according to the Minister of Works and Transport, Gen. Edward Katumba Wamala. Gen. Katumba was responding…
Read More » -
Finance & Banking
Stock of outstanding credit falls- gov’t report
KAMPALA– The stock of outstanding private sector credit in Uganda decreased by 2.5 percent to Shs 19.6 trillion in September 2022 from Shs 20trn in August 2022, according to the October Performance…
Read More » -
Development
AfDB predicts economic slowdown in E. Africa in 2022
KAMPALA-The African Development Bank [AfDB] has released its latest East African Economic Outlook, predicting a slow recovery in the region in 2022 at 4.0 percent against 5.1 percent in 2021. The slowdown…
Read More »