Finance & Banking
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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…
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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…
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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…
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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…
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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…
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Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA–Â 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…
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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…
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Mbarara: RCC urges Emyooga SACCOs on marketing
MBARARA– The Resident City Commissioner [RCC] Mbarara City North, Robert Kanusu has asked leaders Emyooga SACCOs to tap into the available market, if the SACCOs are to grow and boost incomes of…
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Stanbic Bank launches Shs 50 billion fund for Saccos in Northern Uganda
GULU -Stanbic Bank Uganda has launched Shs 50 billion fund in Northern Uganda to support Saccos in the agro-processing as the bank aims to boost the agricultural value chain in the country.…
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Finance Minister Kasaija snubs COSASE, summoned
KAMPALA– Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises [COSASE] has summoned the Minister of Finance Matia Kasaija after he failed to appear before the committee for the second time to…
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