Our Reporter
-
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 » -
Cooperatives & Communities
MTIC issues deadline for co-ops to validate registration status
KAMPALA-The Ministry of Trade, Industry and Cooperatives [MTIC] has issued a compliance notice to all cooperative societies in Uganda, requiring those whose probationary certificates are due to expire in three months or…
Read More » -
Cooperatives & Communities
Mpanga Growers Tea Factory to hold AGM
FORT PORTAL-The Annual General Meeting [AGM] of the shareholders of Mpanga Growers Tea Factory Limited for the year ended December 31, 2021, is to be held on December 8, 2022, according to…
Read More » -
Cooperatives & Communities
WSACCO ready to spend heavily on supplies
KAMPALA-Uganda’s leading SACCO-Wazalendo SACCO [ WSACCO ] is ready to spend more money on services and tangible goods if were are to go by a running newspaper advert shared by its CEO…
Read More » -
Cooperatives & Communities
Africa coffee exports drop 5.1 percent as drought hits Uganda
KAMPALA-Exports of all forms of coffee from Africa decreased by 5.1 percent to 13.73 million bags in coffee year 2021/22 from 14.48mln bags in the previous coffee year, International Coffee Organisation […
Read More » -
News
NMS gets new multi-billion home in Kajjansi
WAKISO-The National Medical Stores [NMS], an agency that procures and distributes medicines and other medical supplies to public hospitals and health centres will relocate its head office to Kanjjansi, Wakiso district where…
Read More » -
Africa
Partners to unlock the entrepreneurial capacity of women-led enterprises in Africa
NAIROBI-Africa Enterprise Challenge Fund [AECF] and the Africa Development Bank Group’s Affirmative Finance Action for Women in Africa [AFAWA] initiative have partnered to scale and realise the entrepreneurial capacity, feasibility and sustainability…
Read More »