Financial
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IFC invests in Equator Africa Fund I to support African climate sector tech businesses
NAIROBI, October 4, 2024 –The International Finance Corporation [ IFC ] is to invest in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting…
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Ankole SACCOs laud Stanbic Bank for financial literacy initiatives
BUSHENYI, October 3, 2024 – Savings and Credit Cooperative Organisations [SACCOs] in the Ankole Sub-region have commended Stanbic Bank Uganda for its financial literacy sessions, emphasising that the knowledge gained has significantly…
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Hospitals should use non-tax revenue to improve service delivery, says Tayebwa
MBARARA CITY, October 1, 2024 — The non-tax revenue estimated at Shs 600 billion that is generated by referral hospitals across the country should be retained by the facilities and used to…
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Public servants advised to venture into commercial farming
LIRA CITY, October 1, 2024 – Tom Okao, Chief Executive Officer of the Fountainhead Institute of Management and Technology in Lira City, has urged public servants to engage in commercial farming as…
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Ivorian Fintech, Daba Finance crowned 2024 Ecobank Fintech Challenge winner, taking home US$ 50,000
LOMÉ, September 30, 2024 — Ecobank, the leading pan-African financial services group, announced Daba Finance, the Ivorian Fintech, as the Grand Winner of its flagship Ecobank Fintech Challenge 2024. Twelve innovative fintech startups competed…
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Anthrax outbreak: Ban on beef trade drives up chicken and fish prices in Kanungu
KANUNGU, September 30, 2024 – The recent ban on the movement and slaughter of livestock for beef in Kanungu district, aimed at containing an anthrax outbreak, has left beef lovers with little…
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Stakeholders call for US $3.6bln for affordable coop housing in New York City
NEW YORK, September 30, 2024 — A cooperative coalition of US organisations is calling on the Mayor of New York to dedicate US$ 3.6 billion to the development of affordable cooperative housing…
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Model Law on Cooperatives for Africa: Taxation, self-regulation among key issues cited
KAMPALA, September 30, 2024 — The Pan African Parliament [PAP] recently adopted the Model Law on Cooperative for Africa. The Law has over 40 articles that the cooperative movement or cooperatives in…
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IFAD and Japan partner with private sector to boost coffee production in TZ
TOKYO, September 28, 2024 – The UN’s International Fund for Agricultural Development [ IFAD ], the Ministry of Agriculture, Forestry and Fisheries of Japan [MAFF] and two of Japan’s leading companies, UCC…
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Coffee, minerals, and cotton drive Uganda’s exports in July-report
KAMPALA, September 28, 2024 – Uganda’s export earnings for July 2024 reached US$ 785.03 million [about Shs 785 billion at the current exchange rate of 1USD: Shs 3700], marking a 9.2 percent…
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