Financial
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Oyam gets over Shs 140mln for health workers’ quarters
OYAM-The government is constructing two twin staff houses at Ariba Health Centre, in Abok Subcounty, Oyam district. The new houses, when completed will address the challenge of inadequate accommodation faced by the…
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Agro-processing facilities lie idle in Northern Uganda
GULU – At least 70 percent of the agro-processing facilities in Northern Uganda are reportedly lying idle affecting post-harvest management and the agricultural value chains. The national coordinator for Operation Wealth Creation…
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Kenyan regulator cuts levy for new Saccos
NAIROBI– Kenyan Sacco Societies Regulatory Authority [ Sasra ], has cut the proposed annual fees for SACCOs with non-withdrawable deposits to 0.15 percent from 0.165 percent as earlier proposed. The reduction follows…
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Omoro district council approves 2022/23 budget
OMORO– Omoro district council has approved a budget of Shs 29.3 billion for the financial year 2022/23, with the education and sports sector taking a lion’s share. The budget was approved on…
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Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
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AU minsters’ summit declares coffee a strategic commodity
KAMPALA – The Summit of African Union Ministers sitting in Nairobi days ago certified coffee as a key strategic commodity for the poorest yet resource-rich continent. The development would require trading in…
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Katakwi dairy farmers get cooler to boost milk production
KATAKWI– Dairy farmers in Katakwi district have a reason to smile again after the Dairy Development Authority [DDA], a statuary agency under the Ministry of Agriculture, Animal Industry and Fisheries [MAAIF] revamped…
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Mbarara: RCC urges Emyooga SACCOs on marketing
MBARARA– The Resident City Commissioner [RCC] Mbarara City North, Robert Kanusu has asked leaders Emyooga SACCOs to tap into the available market, if the SACCOs are to grow and boost incomes of…
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Stanbic Bank launches Shs 50 billion fund for Saccos in Northern Uganda
GULU -Stanbic Bank Uganda has launched Shs 50 billion fund in Northern Uganda to support Saccos in the agro-processing as the bank aims to boost the agricultural value chain in the country.…
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Police arrest 26 over death of Wazalendo Sacco boss
KAMPALA– Police have confirmed the arrest of at least 26 suspects on allegations of killing a senior UPDF officer from a guest house in Kampala. According to police, Major Joseph Mukuraine, also…
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