Sectors
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US banks downgraded on worsening outlook
NEW YORK – Global ratings firm Moody’s early this week downgraded several mid-sized US banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits,…
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MPs summon Kampala lawyer over Shs 39bln tea farmers’ compensation
KAMPALA – Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises [COSASE] has summoned lawyer Patrick Kiconco Katabaazi, a partner with Pathways Advocates over failure to account for Shs 39 billion meant…
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Holders Vipers visit BUL As SC Villa face Maroons in FUFA Super 8
KAMPALA– The third edition of the FUFA Super 8 tournament unfolds this Thursday, with interesting matches lined up to officially welcome the return of the pre-season competition following a four-year hiatus due…
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Lango youth urged d to embrace saving culture
KWANIA – Dr. Joseph Abraham Odongkara, the former UK Principal Commercial Judge, now the provincial secretary attached to the Diocese of West Lango, has challenged the young people in Lango Sub-region to…
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Stanbic Bank loans to SACCOs hit Shs 55bln
KAMPALA – Savings and Credit Cooperative Societies [SACCOs] have so far received loans worth Shs 55 billion from Stanbic Bank Uganda, according to Patrick Twinamatsiko, the head of SACCOs business at Uganda’s…
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NDA builds capacity of herbalists in Tooro Kingdom
FORT PORTAL – National Drug Authority [NDA] in partnership with Tooro Kingdom has trained more than 100 herbalists to ensure the production of safe herbal medicines. According to the NDA public relations…
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World Bank halts new loans to Uganda over anti-LGBTQ law
KAMPALA – The World Bank has announced it will halt new loans to Uganda over the country’s controversial anti-LGBTQ law. The Bank said on Tuesday it would pause project financing pending a…
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Contaminated food driving cancer cases in Northern Uganda
GULU – Contaminated food is partly responsible for the increase in the number of cancer cases in Northern Uganda, according to a medical expert. Amos Obote, head of operations at Northern Uganda…
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Raw coffee exports irk Museveni
President Yoweri Museveni yesterday addressed delegates attending the 2nd G-25 Africa Coffee Summit at Speak Resort Munyonyo in Kampala where he discouraged the export of raw coffee and other products from Africa,…
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FSD Africa Investments avails £10mln to support Nigeria’s sustainable climate infrastructure
LAGOS – FSD Africa Investments [FSDAi], in collaboration with InfraCredit, have invested £10 million into a first-of-its-kind risk-sharing backstop facility, designed to unlock local currency funding for sustainable infrastructure development in Nigeria. The…
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