East Africa
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Global cooperative conference scheduled for May in Mombasa
MOMBASA – The International Cooperative Alliance-Africa (ICA-Africa) will on May 23-27, 2022 host its 9th Technical Committee of the Africa Ministerial Cooperative Conference (TCAMCCO) at Sarova Whitesands Hotel in Mombasa, Kenya. The…
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DFCU’s pre-tax profits fall by 67.8% in 2021
KAMPALA – Business for DFCU was mild last year as the institution’s gross profits curve fell by a hefty 67.8%, blamed on rolling lockdowns brought on by the global pandemic. In a…
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Lira based Indian investor losses sunflower worth Shs100m
LIRA – An Indian investor in Lira City has lost 54 tons of sunflower seeds worth Shs100m to suspected thieves. The grains according to sources, started disappearing in January but the proprietor…
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Standard Chartered Bank renovates classroom block, plants over 300 trees at Salaama School For the Blind
MUKONO – Over 40 staff of Standard Chartered Bank days ago volunteered in a community initiative at Salaama School For the Blind in Kisoga – Mukono where they renovated a classroom block…
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UNBS launches standard to facilitate commercialisation of edible insects
KAMPALA -Ugandans who enjoy eating edible insects like grasshoppers (Nsenene) now stand a better chance of enjoying better quality as a standard of safe production, handling and consumption has been released by…
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Stanbic bank profit up by 12%
KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…
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Ntoroko cooperators urged to utilise their SACCOs effectively
NTOROKO – The Ntoroko district Chairperson William Kasoro has urged cooperators to utilise their savings and credit cooperative societies (SACCOs) effectively to buy more shares. Kasoro said, most of the cooperative members…
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Masindi Teachers’ SACCO share capital increases to Shs56m
MASINDI – The share capital for Masindi teachers’ SACCO has increased to Shs 56 million in 2021 from Shs 47 million raised in the year 2020. This was revealed by Joseph Rukundo,…
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Refugees, host communities scramble for access to agricultural land in Obongi district
OBONGI – Host communities and South Sudanese refugees in Palorinya sub-county in Obongi district are scrambling for access to fertile land for agricultural practices. Palorinya sub-county has a total of 47,297 South…
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Government will embrace technology to track corruption tendencies by 2023
MBARARA – The Permanent Secretary, Ministry of Finance, Planning and Economic Development, Dr Ramathan Ggoobi has said government agencies and ministries will embrace technology to track corruption tendencies. Dr Ggoobi made these…
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