News
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Trade ministry official cautions SACCOs against multiple borrowing
KAMPALA, March 28, 2024 – Multiple borrowing could soon land rogue members of Savings and Credit Cooperative Organisations [ SACCOs] in jail. This was said days ago by Moses Magumba, a Senior…
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Water, environment agencies ask for extra funds in next budget
KAMPALA, March 28, 2024 – Agencies under the Ministry of Water and Environment have called for more funding in the national budget for the financial year 2024/ 2025 to enable them achieve…
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AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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Kiruhura: NAGRC Boss asks UPDF to protect Nshaara Ranch from land grabbers
MBARARA, March 28, 2024 – The National Animal Genetic Resources Centre and Data Bank [NAGRC & DB] Executive Director, Peter Beine has asked for military manpower to protect Nshaara Ranch from being…
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Local political leaders to get 100 percent pay rise
KAMPALA, March 28, 2024 – Local government leaders will receive a 100 percent pay increment starting the next financial year, according to the Minister of Local Government, Rapheal Magyezi. Magyezi, who underscored…
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Lira teachers’ SACCO in need of soft loan
LIRA, March 27, 2024 – Lira Primary and Secondary School Teachers SACCO needs a capital boost in the form of a soft loan to facilitate the lending business of the SACCO, according…
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WSACCO to hit Shs 1trn in assets by 2025, top official says
JINJA, March 27, 2024 – The Chief Executive Officer of UPDF’s Wazalendo Savings and Credit Cooperative Society [WSACCO], Col. Freddy Joseph Onata is confident they will hit a target of Shs 1…
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Global experts urge action as Africa grapples with US$ 65bln timber trade deficit
ABIDJAN, March 27, 2024 – Africa must work to urgently address its staggering US$ 65 billion timber trade deficit to position forests as a critical driver for the continent’s future development, global…
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Kikuube rice farmers urged to form cooperatives
KIKUUBE, March 27, 2024 – Samuel Kusima Kahesi, the Kikuube district Assistant Production Officer has advised rice farmers in the district to form cooperatives, saying the cooperatives offer many benefits. He said…
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Africa’s wind power holds potential to light up the continent, says IFC report
KAMPALA, March 26, 2024 – Africa has enough wind resources to power its entire electricity demand 250 times over, according to a commissioned study by the World Bank’s International Finance Corporation. The…
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