News
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Stanbic Bank cuts interest rate to 19.50 percent
KAMPALA, October 30, 2024 — Uganda’s largest bank by assets, Stanbic Bank, has reduced its local currency prime lending rate [PLR] to 19.50 percent from 19.75 percent, effective December 1, 2024. This…
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UTB to crack down on unlicensed accommodation facilities
KAMPALA, October 29, 2024 — Following a notice issued earlier this month about the impending closure of unlicensed accommodation facilities next month the Uganda Tourism Board [UTB] has launched an enforcement initiative to…
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South Africa: Cabinet approves funding policy for small businesses and cooperatives
JOHANNESBURG, October 29, 2024 — The South African Cabinet recently approved the final funding policy for micro, small and medium enterprises [MSMEs] and cooperatives, for implementation. This was revealed by the Minister…
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Alebtong district vaccinates over 30,000 cattle against FMD
ALEBTONG, October 29, 2024 — In a bid to eliminate foot and mouth disease [ FMD ] in Alebtong district, the veterinary department has successfully vaccinated over 30,000 cattle. The disease has…
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Investment conference to strengthen local governments participation in intra-African trade set to be held in Kenya
CAIRO, October 29, 2024 — In a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade and investment, and the successful implementation of the African Continental Free Trade…
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Museveni castigates NAADS, UCDA as he lauds Operation Wealth Creation in statement
KAMPALA, October 29, 2024 — On October 27, 2024, President Museveni gave more reasons why UCDA should be abolished, having made another statement on the same a day earlier. In the latest…
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MDBs sign US$ 1bln exchange exposure agreement to increase development lending capacity to African nations
WASHINGTON, DC., October 28, 2024 — The African Development Bank (AfDB] and the Asian Development Bank [ADB] have signed a US$ 1 billion exchange exposure agreement [EEA] aimed at enhancing the African…
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Eliminate all barriers to transportation in region, EAC Partner States urged
ARUSHA, October 28, 2024 — The East African Community [ EAC ] Partner States have been called upon to eliminate all physical and non-physical barriers to transportation to enhance cross-border trade and…
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Fishing: Amolatar district boss demands withdrawal of UPDF from L. Kyoga
AMOLATAR, October 28, 2024 — Geoffrey Ocen Kiring, the LC5 Chairperson of Amolatar district, has called for an amendment to the Fisheries and Aquaculture Act, 2023, to allow fishermen to use boats…
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Hoima district resumes disbursement of PDM funds
HOIMA, October 28, 2024 — Hoima district authorities have resumed disbursing Parish Development Model [PDM] funds to beneficiaries. Launched in February 2022, the PDM is a government initiative aimed at transitioning 3.5…
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