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Cooperatives & Communities
Emyooga SACCOs to create 2mln jobs next financial year
KAMPALA-Government intends to create two million direct and indirect jobs from the Emyooga SACCOs come next financial year, which begins on July 1, 2023. The Minister of State for Microfinance, Haruna Kasolo…
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Africa
Africa’s growth remains low, says World Bank report
KAMPALA-Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World…
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Cooperatives & Communities
PDM: Minister Magyezi to give statement as ghost SACCOs receive Shs 30bln
KAMPALA – The Deputy Speaker of Parliament, Thomas Tayebwa has directed the Minister for Local Government Raphael Magyezi to present a statement to Parliament on concerns surrounding the implementation of the Parish…
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Agriculture
Over 18,000 smallholder farmers to benefit from digital loans
YUMBE– The Food and Agriculture Organisation [FAO] and Uganda Development Bank [UDB] in partnership with Ensibuuko, European Union [EU], United Nations Capital Development Fund [UNCDF] last week launched a Fintech solution dubbed…
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News
Opposition finds extra Shs10trn revenue in alternative budget
KAMPALA-For the first time in Uganda, the Leader of the Opposition in Parliament, Mathias Mpuuga last Friday presented an alternative to the government’s 2023/4 budget, finding Shs10 trillion on the revenue side…
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Agriculture
New planting season: Govt to release Shs 4bln for farmers’ seeds
KAMPALA-The Minister of Finance, Matia billion for distribution of seeds to farmers to plant in the new season. Kasaija made the commitment during the plenary sitting on Thursday following Kasaija has pledged…
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International
Major global financiers have helped bankroll the “world’s worst deforestation crisis” in Paraguay, says Global Witness
KAMPALA – Some of the world’s biggest financiers have been bankrolling meatpacking giants linked to deforestation in Paraguay’s richly forested Gran Chaco region – with some increasing their shareholding tenfold in the…
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International
Global economy’s “speed limit” set to fall to three-decade low
WASHINGTON – The global economy’s “speed limit”—the maximum long-term rate at which it can grow without sparking inflation—is set to slump to a three-decade low by 2030. An ambitious policy push is…
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Financial
Priotise domestic arrears in new financial year, CSBAG urges govt
KAMPALA – Civil Society Budget Advocacy Group [ CSBAB ] has urged government to address domestic arrears in the new financial year which begins on July 1, 2023. Patrick Rubangakene, CSBAG’s economist…
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Africa
Nigeria Police Cooperative Society accused of fraud
LAGOS -Some police personnel late last year accused the leadership of the Nigeria Police Cooperative Multipurpose Society Limited of fraud, according to Sahara Reporters. Records show Nigeria Police cooperative, which is under…
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