Financial
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Tayebwa hails BoU decision to keep Anne Juuko as Stanbic Bank CEO
KAMPALA, April 3, 2024 – The Deputy Speaker of Parliament, Thomas Tayebwa has backed the position of the Bank of Uganda [BoU] to reject a foreign national nominated by the Standard Bank…
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Kenya: Coffee cooperatives urged to list their debts
NAIROBI, April 2, 2024, Kenya’s Ministry of Cooperatives and Micro Small and Medium Enterprises Development has asked coffee cooperative societies in the country to list and verify their debts to help the…
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East Asia and Pacific to sustain growth amid global headwinds, says World Bank
WASHINGTON, April 2, 2024 — Developing East Asia and Pacific is growing faster than the rest of the world but slower than it was before the pandemic, the World Bank said on…
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Mbarara City plans to spend Shs 45.4bln for FY 2024/2025
MBARARA, April 2, 2024 – Mbarara City intends to spend Shs 44.4 billion during the financial year [FY] 2024/25, which is slightly higher than Shs 39.3bln earmarked in the current FY 2023/24.…
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Economic inclusion project brings 25 institutions together to promote savings, financial inclusion
LIMA, March 30, 2024 —The USAID/WOCCU Economic Inclusion Project [EIP] days ago joined local partners to host a Global Money Week event in Lima, Peru featuring 25 financial institutions, public and private…
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Trade ministry official cautions SACCOs against multiple borrowing
KAMPALA, March 28, 2024 – Multiple borrowing could soon land rogue members of Savings and Credit Cooperative Organisations [ SACCOs] in jail. This was said days ago by Moses Magumba, a Senior…
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Water, environment agencies ask for extra funds in next budget
KAMPALA, March 28, 2024 – Agencies under the Ministry of Water and Environment have called for more funding in the national budget for the financial year 2024/ 2025 to enable them achieve…
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AfDB approves US$ 50mln loan to support climate change resilience in Nigeria
ABUJA, March 28, 2024 – The Board of Directors of the African Development Bank Group [AfDB] approved a $50 million loan for the Yobe State Environmental and Climate Change Action Project [ECCAP]…
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Lira teachers’ SACCO in need of soft loan
LIRA, March 27, 2024 – Lira Primary and Secondary School Teachers SACCO needs a capital boost in the form of a soft loan to facilitate the lending business of the SACCO, according…
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WSACCO to hit Shs 1trn in assets by 2025, top official says
JINJA, March 27, 2024 – The Chief Executive Officer of UPDF’s Wazalendo Savings and Credit Cooperative Society [WSACCO], Col. Freddy Joseph Onata is confident they will hit a target of Shs 1…
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