Development
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Progress in LDCs stalled by multiple crises-ILO
NEW YORK – Economic and social progress in Least Developed Countries (LDCs) have been slowed by the impact of the COVID-19 pandemic, climate change and the continuing energy and food crises. According to…
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NSSF total assets shoot up 15.3 percent in March 2022
KAMPALA– The National Social Security Fund [NSSF] issued a transparency statement showing that its total assets as at March 31, 2022 increased by 15.3 percent to about Shs 16.86 trillion from Shs…
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Muslims in Uganda urged to form SACCOs
KAMPALA– Muslims in Uganda have been advised to form Saving and Credit Cooperatives [SACCOs] if they are to benefit from government’s poverty eradication programmes such as Emyooga and Parish Development Model [PDM].…
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UNRA starts maintenance on Nebbi – Goli road after public outcry
NEBBI – Uganda National Roads Authority [UNRA] has started maintenance works on Nebbi Jukia – Goli road following a public outcry on the bad state of the road which has become impassable.…
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Revenue share to local governments from Murchison Falls National Park declines
MASINDI– The government through Uganda Wildlife Authority [[UWA] has resumed remitting money to districts that host Murchison Falls National Park as a share of the revenue generated from tourists that come to…
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Gulu University seeks Shs 27b to set up juice producing factory
GULU – Gulu University is seeking at least Shs27 billion to set up a complete, independent juice processing factory. Last year, the University launched the “Gulu University Muyeme Juice” pilot project which majorly…
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Lira receives Shs1b for PDM SACCOs
LIRA – The Lira district Commercial Officer, Santos Olade has cautioned people planning to mismanage the government’s programme of Parish Development Model [PDM] saying whoever is found will not be spared. He says,…
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Govt needs Shs 47bln to procure road equipment
SOROTI– There was a lot of excitement among members of the public in 2016, when the 10th Parliament under the stewardship of the former speaker Rebecca Alitwala Kadaga, now the First Deputy…
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Centenary Bank on list of nominees for 2022 edition of the African Banker Awards
KAMPALA– The African Banker magazine has announced the shortlist of over 60 nominees for this year’s edition of the African Banker Awards, with Ugandan Centenary Rural Development Bank and Tugende Global nominated…
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Centenary Bank gross profit surge 33.6 percent
KAMPALA- Centenary Bank earned gross profit of about Shs 288.5 billion in 2021, which was 33.6 percent growth when compared to about Shs 216 bln earned in 2020. The bank’s Managing Director…
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