Finance & Banking
-
AfDB launches new initiative to build financial acumen of African cities
KAMPALA– The African Development Bank [AfDB] and United Cities and Local Governments, a global umbrella group for local and metropolitan governments, have announced the launch of a new programme to build the…
Read More » -
Amuru district trains stakeholders on PDM
AMURU– Stakeholders of The Parish Development Model [PDM] in Amuru district have been sensitised on the latest government programme launched to fight household poverty across the country. Under the PDM each parish…
Read More » -
BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
Read More » -
South Sudanese refugees establish own Sacco
LAMWO– After failing to access loans from commercial banks and other financial institutions, South Sudanese refugees in Lamwo Refugee Settlement have decided to form their own Paluda Farmers’ Sacco to serve them…
Read More » -
East African Trade Expo: UPDF urged to complete the upgrade of Kaunda Grounds
GULU– Gulu City will host this year’s 22nd edition of the East African Community [ EAC ] Micro, Small, and Medium Enterprises [ MSMEs ] trade fair, but the city’s leaders are…
Read More » -
Kenyan regulator cuts levy for new Saccos
NAIROBI– Kenyan Sacco Societies Regulatory Authority [ Sasra ], has cut the proposed annual fees for SACCOs with non-withdrawable deposits to 0.15 percent from 0.165 percent as earlier proposed. The reduction follows…
Read More » -
Back off EACOP, official tells European activists
KIKUUBE– The Deputy Managing Director of the East African Crude Oil Pipeline [ EACOP ], John Bosco Habumugisha has expressed concern over a group of environmental activists from European countries who are…
Read More » -
Omoro district council approves 2022/23 budget
OMORO– Omoro district council has approved a budget of Shs 29.3 billion for the financial year 2022/23, with the education and sports sector taking a lion’s share. The budget was approved on…
Read More » -
Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
Read More » -
PDM: Gen. Salim Saleh differs on formation of new SACCOs
GULU– The national coordinator of Operation Wealth Creation [OWC], Gen. Salim Saleh, also known as Caleb Akandwanaho, has differed from the proposed policy of creating new SACCOs for the implementation of the…
Read More »