Financial
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Hoima district budget up by Shs 1.5bln
HOIMA-Hoima district local government leaders and officials are relieved after receiving budget support of about Shs1.5 billion from the central government. Hoima district council recently approved the money in a supplementary budget for…
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Amuru district tasked to popularise coffee growing
AMURU– Amuru district agricultural department and the district leaders have been tasked to popularise coffee farming to rally more farmers in the sub-sector which is one of the priority enterprises as government…
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BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
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Masaka school temporarily closed over students’ strike
MASAKA– Police in Masaka have arrested 13 students of Kimanya Blessed Sacrament Secondary after they allegedly organised a violent strike that forced the school’s management team to temporarily close the school. The…
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Lango leaders caution govt on hurrying PDM processes
OYAM– A section Lango leaders have raised concern over the implementation of the Parish Development Model [PDM], saying the speed at which government is implementing some activities must be checked, especially if…
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Gender ministry warns Ugandans against unlicensed labour recruiting firms
SOROTI– The Ministry of Gender Labour and Social development [MGLSD] has cautioned the general public, especially the youth seeking employment abroad to beware of fraudulent unauthorised labour recruiting companies whose operations are…
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Reserves managers face up to tough investment environment
KAMPALA- Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by the global think tank- Official Monetary and Financial…
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Crédit Agricole to stop financing gas and oil sector
PARIS– French co-operative bank, Crédit Agricole, has announced commitments to move away from oil and gas financing. ‘2025 Ambitions’ sets out a number of short, medium and long-term goals for France’s second…
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PDM: Lango farmers urged to take up modern farming
DOKOLO– Farmers in the Lango Sub-region have been encouraged to get involved in exotic livestock rearing, fish farming and other enterprises under Parish Development Model [PDM] if they are to fight abject…
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ACPCU commissions Shs 1.5bln facility as it prepares to roast coffee
SHEEMA– In a bid to improve the value chain, Ankole Coffee Producer’s Cooperative Union [ ACPCU ] has begun preparations to roast its coffee on a large scale. This was revealed over…
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