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Finance & Banking
World Savings Day: BoU boss urges Ugandans to save for the future
KAMPALA-As countries celebrate World Savings Day which falls on October 31 every year, the Bank of Uganda [BoU] Deputy Governor, Michael Atingi-Ego has urged Ugandans to start saving now, saying savings help…
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East Africa
Somali president says country ready to join EAC
MOGADISHU-Somali president, Hassan Sheikh Mohamud has urged the East African Community [EAC] to fast-track the admission of his country into one of Africa’s dynamic blocs. President Mohamud said Somalia’s bid to join…
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Agriculture
Uganda targets world silk market
BULAMBULI-Uganda has the opportunity to move from subsistence to commercial farming in some strategic sectors like silk production to become one of the leading suppliers in the world. Members of the Committee…
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Agriculture
Bill prohibiting GMOs in offing
KAMPALA-A section of Members of Parliament is planning to introduce a bill prohibiting Genetically Modified Organisms [ GMOs ] in Uganda. Led by Bufumbira County East MP, James Nsaba Buturo, the legislators…
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Cooperatives & Communities
Bugisu religious leaders urge coffee farmers to deal with BCU
SIRONKO– Religious Leaders from Bugisu Sub-region have urged coffee farmers from Sironko and Bulambuli districts to work with Bugisu Cooperative Union [BCU], saying the cooperation will lead to the development of the…
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Finance & Banking
Uganda scores high in 2022 Absa Africa Financial Markets Index
KAMPALA– African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, Officicial Monetary Financial Institutions Forum [OMFIF] said as it released 2022 Absa…
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Energy & Mining
EACOP: TotalEnergies boss snubs European Parliament invite
KAMPALA-Patrick Pouyanne, the Chairman and Chief Executive Officer of TotalEnergies has declined to appear before the European Parliament’s sub-committee on Human Rights, saying legislators there took a tough yet deeply biased decision…
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East Africa
EAC to set up Diaspora desk to facilitate investment and trade in the region
ARUSHA – The East African Community [EAC] is setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region. EAC…
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Development
Africa’s exports fell 11.9 percent in August 2022, Uganda is the reason why
KAMPALA-Exports of all forms of coffee from Africa dropped by 11.9 percent to 1.24 million bags in August 2022 from 1.4mln bags sold in August 2021, according to International Coffee Organisation [ICO],…
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Development
BCU to arrest members over failure to pay back loans
NAMISINDWA-Bugisu Cooperative Union [ BCU ] chairman Nathan Nandala Mafabi has told cooperative societies members who have failed to pay back the loans acquired from the union that they will be arrested…
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