Africa
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Vantage lawyers insist on selling properties of Bitature to recover U$34mln
KAMPALA– The battle to attach and sell some of the properties belonging to business mogul Patrick Bitature continues, Robert Kirunda whose law firm represents South African lenders- Vantage Mezzanine Fund II Partnership,…
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US$2bln facility geared to African banks and FIs
KAMPALA– The Africa Finance Corporation (AFC) will on Thursday this week in a webinar present the US$2billion facility to provide African banks and financial institutions [FIs] with liquidity to support Africa’s economic…
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Kenya’s SACCOs richest in Africa with US$13.64bln in total assets
NAIROBI – Savings and Credit Co-operative Societies (Saccos) in Kenya are the wealthiest in Africa by total assets, according to the new World Council of Credit Unions’ (WOCCU) 2020 Statistical Report. According…
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ICA joins international community to mark International Day of Argania tree
KAMPALA– The International Cooperative Alliance [ICA] will join the international community in marking the Second International Day of Argania, celebrated globally on May 10. The Argan tree (Argania Spinosa), found in the…
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Centenary Bank on list of nominees for 2022 edition of the African Banker Awards
KAMPALA– The African Banker magazine has announced the shortlist of over 60 nominees for this year’s edition of the African Banker Awards, with Ugandan Centenary Rural Development Bank and Tugende Global nominated…
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ILO supports establishment of agro-cooperatives in Sudan
KHARTOUM – To improve the income levels and resilience of host and refugee community farmers in Sudan, the International Labour Organisation [ILO] PROSPECTS is supporting the development of agro-cooperatives through training and peer…
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AGRA, COMESA to collaborate in promoting agriculture productivity
LUSAKA– The Alliance for a Green Revolution in Africa (AGRA) and COMESA will renew their commitment to enhance the production of food to ensure food security and regional food balance. The aim of…
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UPDF starts construction on Mukakati-Semuliki road inside DRC
Ituri – The Uganda People’s Defense Forces (UPDF) has started construction works on the most strategic feeder roads into the Democratic Republic of Congo (DRC) that runs through to Ituri Province from…
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UPDF launches air, artillery strikes on ADF camps in DRC
KAMPALA – The Uganda People’s Defense Forces (UPDF) has launched air and artillery strikes on Allied Democratic Forces (ADF) rebel positions inside the Democratic Republic of Congo (DRC). The rebel group blamed…
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Uganda gains new access to Zambia’s dairy market
UGANDA – Uganda has gained new access to Zambia’s dairy market despite a long-standing impasse with Kenya on ban on the export of powdered milk. While unavailing the new market, Pearl Dairy…
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