News
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Reserves managers face up to tough investment environment
KAMPALA- Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by the global think tank- Official Monetary and Financial…
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Crédit Agricole to stop financing gas and oil sector
PARIS– French co-operative bank, Crédit Agricole, has announced commitments to move away from oil and gas financing. ‘2025 Ambitions’ sets out a number of short, medium and long-term goals for France’s second…
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ACPCU commissions Shs 1.5bln facility as it prepares to roast coffee
SHEEMA– In a bid to improve the value chain, Ankole Coffee Producer’s Cooperative Union [ ACPCU ] has begun preparations to roast its coffee on a large scale. This was revealed over…
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BoU urges WorldRemit clients to submit claims
KAMPALA– The Bank of Uganda [BoU] on Monday asked WorldRemit customers to submit to it the outstanding claims of monies given for remittance purposes to WorldRemit Money Transfer [U] Limited by July…
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Police raid home of former President Obote over illegal wildlife trade
APAC– Police in Apac district have raided the home of former President Milton Obote over illegal wildlife trafficking and trade. A joint security operation by the Uganda Police, Uganda Wildlife Authority [UWA],…
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PDM: Minister Engola calls for bylaw on alcohol consumption
OYAM-State minister for Labour, Employment and Industrial Relations, Charles Okello Engola has called upon local leaders in the Lango Sub-region to ban the sale of alcohol during working hours so that people…
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Robust reforms have revitalized co-operative sector in Kenya- President Kenyatta
NAIROBI-Kenyan President Uhuru Kenyatta has attributed the rapid growth of the cooperative sector in his country to the policy reforms the government has implemented since 2013. The President noted that the reforms…
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Emyooga SACCOs to turn into cooperatives
KABALE– At least 25 Emyooga Savings and Credit Cooperatives [SACCOs] in Kigezi Sub-region are set to be transformed into cooperatives, having grown tremendously since their establishment about two years ago. The Emyooga…
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Museveni commends cooperatives, talks of re-establishing Cooperative Bank
SHEEMA – President Yoweri Museveni has appreciated the role of cooperatives in the development of Uganda especially in working to move farmers from subsistence to the money economy through commercialisation of agriculture…
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