Financial
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Bugisu GISOs directed to supervise PDM
MBALE, June 21, 2024 – The Gombolola Internal Security Officers [ GISOs ] in Bugisu Sub-region have been tasked to supervise the Parish Development Model [PDM] in their areas. Asumin Nasike, Mbale…
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Koreans train Masindi coop on quality maize and soybean production
MASINDI, June 21, 2024 – Korea International Cooperation Agency [KOICA] together with Q- Feed Company Limited are currently training members of One Accord Kiryana Farmers’ Cooperative Society Limited [OAKFCSL] in Kabutukuru village…
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US$ 4.3trn required to promote agroecology globally
ARUSHA, June 20, 2024 – The philanthropies are soliciting close to US$ 4.3 trillion to finance the global promotion of agroecology in the next 10 years. This was disclosed during the recent…
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MP Auma extends financial support to VSLAs in Kwania district
Kwania, June 19, 2024 – Kwania District Woman Member of Parliament, Kenny Auma Lapat has donated Shs 2.3 million to 10 Women Village Savings and Loan Associations [VSLA] groups in the district…
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Geopolitical risks continue to loom over central bank FX reserves
LONDON, May 19, 2024 – Two surveys of central bank foreign exchange reserve managers have been published in recent weeks – both of which highlighted that geopolitical risks were now considered to…
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Inspectorate of Government raises concerns over Shs 11bln Lira City USMID project
LIRA CITY, June 19, 2024 – The Inspectorate of Government [IG] has raised concerns over Shs 11 billion unexhausted funds under the Support to Municipal Infrastructure Development Programme in Lira City yet…
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Meet Alfred Bolo, a pawpaw farmer in Kenya who has deployed wasps to fight pests
NAIROBI, June 19, 2024 – Alfred Bolo is a father of two children, an agricultural officer by profession, and a practising farmer in Kwale County, Kenya. He grows over 400 pawpaw [papaya]…
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EBO SACCO in final touches to transform into MDI
MBARARA, June 19, 2024 – EBO SACCO located in Bwizibwera-Rutooma town council in Mbarara district, is in its final stages of transiting into a Microfinance deposit-taking institution [MDI] this year, having issued…
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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GROW project funds misallocated, says Auditor General
KAMPALA, June 18, 2024 – Parliament’s Public Accounts Committee [PAC] has raised concerns over the utilisation of a Shs 803 billion [US$ 217 million] World Bank grant intended for the Generating Growth…
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