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Cooperatives & Communities
FSD Africa, Rabobank to fund African small-scale farmers with loans for carbon credits
NAIROBI– Financial Sector Deepening Africa [FSD Africa] and Rabobank ACORN / Rabo Foundation have launched their collaboration in helping 3,000-5, 000 small-scale farmers with their transition to agroforestry, a sustainable and climate…
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News
International tourism consolidates strong recovery amidst growing challenges
MADRID-International tourism continues to show signs of a strong and steady recovery from the impact of the Covid-19 pandemic despite significant mounting economic and geopolitical challenges. According to the latest United Nations…
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Finance & Banking
Standard Chartered reports record US$ 581mln operating profits in Africa and Middle East
DUBAI-Standard Chartered PLC [the Group], with operations in Uganda, has released its financial results for the first half of the year ending 30 June 2022, earning good profits. In the Africa and…
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News
MPs quiz Masaka hospital boss over Shs 2.5bln inflated contract
KAMPALA-Legislators on Parliament’s Committee on Public Accounts-Central Government have tasked the former director of Masaka Regional Referral Hospital, Dr Nathan Onyachi to explain why he spent an extra Shs Shs2.5 billion not…
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Cooperatives & Communities
Legislators want prisoners to get better pay for labour
KAMPALA– Members of Parliament on the Committee on Human Rights are not happy with the little money paid to the prisoners after they have offered hard labour outside the correctional centres. The…
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Africa
AEO 2022: AfDB and IMF experts stress urgency for climate financing for Africa
African Development Bank [AfDB] and International Monetary Fund [IMF] experts have stressed the urgency of mobilising climate financing for Africa during a panel discussion on the African Development Bank’s 2022 African Economic…
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Energy & Mining
Shell posts US $ 11.5bln profit, to invest more in renewable energy
KAMPALA– Shell has posted record results in the second quarter 2022, with a US $11.5 billion profit eclipsing the mark it set only three months ago, lifted by strong gas trading and…
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East Africa
Enry’s Island Africa enters the Metaverse with powerful first event for African entrepreneurs
NAIROBI-Enry’s Island, the first worldwide distributed platform for startup incubation and acceleration launched Enry’s Island Africa both in-person and in the Metaverse for a powerful, immersive experience. The in-person event, launched days…
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Finance & Banking
Bankers urged to invest in Uganda’s tourism industry
KAMPALA– Local commercial banks in Uganda have been called upon to support firms in the tourism industry since it is the country’s major foreign exchange earner and job provider. The call was…
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News
Museveni wants taxes on sugar confectionaries dropped
KAMPALA– President Yoweri Museveni wants parliament to reconsider the Excise Duty (Amendment) Bill, 2022 before he can sign it into law. Museveni wrote to the Speaker of Parliament, Anita Among raising concern…
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