Sectors
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USAID commits US$90mln to strengthen cooperative development globally
WASHINGTON, DC, October 20, 2023 – The United States Agency for International Development [USAID] days ago announced a landmark commitment of US$ 90 million to bolster social cohesion, stabilise economies, and support…
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RDC threatens to arrest PDM beneficiaries over diverting money
KASESE, October 19, 2023 – The Deputy Resident District Commissioner [RDC] in charge of Busongora County in Kasese district, Zephanus Mubingwa has threatened to arrest beneficiaries of the Parish Development Model [PDM]…
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Uganda: First-ever Islamic Finance Conference to be held in Kampala
KAMPALA, October 18, 2023 – The inaugural Islamic Finance Conference takes place tomorrow in Kampala, according to Moses Emuron, Manager, Business Development & Risk Management at BDO East Africa Uganda. “BDO, Signum…
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Egypt issues Africa’s first Sustainable Panda Bond worth US$ 478.7mln
CAIRO, October 18, 2023 – Egypt has successfully issued a three-year Sustainability Panda Bond worth US$ 478.7 million. The North African nation is the first on the continent to do so, a…
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Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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Uganda’s exports rose 17.6 percent in August
KAMPALA, October 17, 2023 – Uganda’s exports in August 2023 fetched the country US$ 669.88 million, an increase of 17.6 percent from US$ 569.78mln earned in the month earlier, the Ministry of…
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Fighting corruption: Kole PDM beneficiaries expose leaders
KOLE, October 17, 2023 – The beneficiaries of the Parish Development Model [PDM] in Kole district in Northern Uganda have exposed fraudulent transactions carried out by the leaders in the disbursement of…
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UBC to monitor PDM implementation in Acholi
GULU, October 17, 2023 – The Uganda Broadcasting Corporation [ UBC ] has come up with an initiative to participate in the monitoring of the Parish Development Model [PDM] in Acholi Sub-region.…
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