Development
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Fort Portal City risks missing out on more USMID funds
FORT PORTAL -Fort Portal City could miss out on the third phase of the World Bank-funded Uganda Support to Municipal Infrastructure Development Project [ USMID ] funding due to the slow process…
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Global economic recovery slows as risks bite in 2022
LONDON- The global economic recovery is slowing as elevated commodity prices, weakened economic sentiment, and rapid tightening of global rates take their toll, according to Dennis Shen, Director of Sovereign and Public…
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Neonatal care unit saves 40 babies in one month
BUTALEJA– Busolwe General Hospital’s first-ever neonatal intensive care unit has saved up to 40 babies in less than one month, authorities have said. The unit, which was launched in March this year,…
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Teso citrus farmers benefit as training centre is opened
SOROTI– Teso Citrus Training and Education Centre was officially opened in Arapai Sub-county in Soroti City to help citrus fruit farmers including cooperatives to improve the quality of their fruits, and add…
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Dangerous borer destroys over 900 acres of coffee in Kyotera and Masaka
KYOTERA– At least 952 acres of coffee gardens have been destroyed in the districts of Kyotera and Masaka after coffee black twig borer invaded the area, causing losses to the farmers. The…
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Tourism statistics inform UN reports on sustainable development
SPAIN-A United Nations global assessment of progress towards the Sustainable Development Goals [SDGs] makes clear the important role that tourism must play in achieving the ambitious agenda for change. Launched at the…
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Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
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UDB’s Shs 2.45trn helped anchor Uganda’s growth in 2021-report
KAMPALA– Uganda Development Bank [ UDB ], the country’s national development finance institution days ago released its 2021 Direct Impact [DI] Report highlighting the fundamental role that the Bank continues to play toward…
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Kenyan SACCOs urged to develop neobanks
NAIROBI– Savings and Credit Co-operatives [SACCOs] have been urged to turn their institutions into neobanks [online banks without traditional physical branch networks], reports SACCO Review. Cynthia Wandia, the Chief Executive Officer [CEO]…
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Global coffee exports rise 10.7 percent
KAMPALA– Global exports of green coffee beans totalled 9.75 million bags in May 2022, up from 8.8 mln bags in the same month of 2021, the International Coffee Organisation [ICO] said in…
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