Financial
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Government cleared to acquire funds to modernise agriculture
KAMPALA, December 7, 2023 – Parliament has authorised government to borrow up Shs 1.23 trillion from the International Development Association of the World Bank, to finance the Uganda Climate Smart Agricultural Transformation…
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COP28: Africa could lose US$ 25bln per year as new EU carbon tax comes into effect, warns AfDB President
DUBAI, December 7, 2023 – African Development Bank [AfDB] President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalising…
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Electricity: Energy Ministry seeks Shs 128bln to connect homes
KAMPALA, December 6, 2023 – The Ministry of Energy and Minerals Development is seeking a supplementary budget of Shs 128 billion in the current financial year to connect 200,000 households across the…
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Keys for transforming an innovation into a business
NEW YORK, December 6, 2023 – As a mentor to many business professionals, owners, and aspiring entrepreneurs, I find a wealth of innovative ideas but often less insight on what it really…
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Multilateral development banks commit to boost collaboration on climate and development
DUBAI, December 5, 2023 – Multilateral development banks [MDBs] attending the 2023 UN Climate Change Conference [COP 28] have affirmed their commitment to a concerted, global action, including increasing co-financing and private…
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COP 28: AfDB’s US$1bln insurance facility to protect millions of farmers in Africa
DUBAI, December 4, 2023 – The African Development Bank [AfDB] has presented its planned US$1 billion facility to provide insurance to more than 40 million farmers across the continent against severe impacts…
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MPs urge govt to cut tax on cooking gas
KAMPALA, November 2023 – Legislators have asked for a revision of the import tax on cooking gas if government is to succeed in combating deforestation and charcoal burning in Uganda. Legislators said…
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New sugar millers’ licences invalid, says Deputy Attorney General
KAMPALA, December 1, 2023 – Licences that were granted to sugar manufacturers after the enforcement of the Sugar Act, 2020 are void, according to Deputy Attorney General, Jackson Kafuuzi. The Sugar Act…
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Resource-rich Africa has no excuse to remain poor, says AfDB boss
ABUJA, November 30, 2023 – With US$ 6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be…
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AfDB launches research project on grain quality grading and certification in Ghana
ACCRA, November 30, 2023 – The African Development Bank [AfDB] has launched a three-year research and outreach initiative in Ghana to enhance the cereal value chain development in the country. The Grain…
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