Regions
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US$ 4.3trn required to promote agroecology globally
ARUSHA, June 20, 2024 – The philanthropies are soliciting close to US$ 4.3 trillion to finance the global promotion of agroecology in the next 10 years. This was disclosed during the recent…
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MP Auma extends financial support to VSLAs in Kwania district
Kwania, June 19, 2024 – Kwania District Woman Member of Parliament, Kenny Auma Lapat has donated Shs 2.3 million to 10 Women Village Savings and Loan Associations [VSLA] groups in the district…
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Geopolitical risks continue to loom over central bank FX reserves
LONDON, May 19, 2024 – Two surveys of central bank foreign exchange reserve managers have been published in recent weeks – both of which highlighted that geopolitical risks were now considered to…
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Inspectorate of Government raises concerns over Shs 11bln Lira City USMID project
LIRA CITY, June 19, 2024 – The Inspectorate of Government [IG] has raised concerns over Shs 11 billion unexhausted funds under the Support to Municipal Infrastructure Development Programme in Lira City yet…
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EBO SACCO in final touches to transform into MDI
MBARARA, June 19, 2024 – EBO SACCO located in Bwizibwera-Rutooma town council in Mbarara district, is in its final stages of transiting into a Microfinance deposit-taking institution [MDI] this year, having issued…
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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GROW project funds misallocated, says Auditor General
KAMPALA, June 18, 2024 – Parliament’s Public Accounts Committee [PAC] has raised concerns over the utilisation of a Shs 803 billion [US$ 217 million] World Bank grant intended for the Generating Growth…
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G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa
ABIDJAN, June 18, 2024 – G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US…
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Somalia reaffirms commitment to EAC integration
NAIROBI, June 18, 2024 Somalia has reaffirmed its commitment to integrating into the East African Community [EAC], demonstrating strong participation in a pivotal regional meeting currently underway in Nairobi, Kenya. The one-week…
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Kapelebyong RDC reaping big from watermelon production
KAPELEBYONG, June 18, 2024 – The Resident District Commissioner [RDC] of Kapelebyong, Tom Olinga Otukol is reaping big after a thoughtful plan to invest in watermelon production. In March 2024, Olinga decided…
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