Financial
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Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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Mbarara RCC directs probe over missing Shs 110mln for market SACCO
MBARARA, October 16, 2023 – Mbarara Resident City Commissioner, Lt. Col. James Mwesigye has instituted a team to investigate the alleged disappearance of Shs 110 million belonging to Mbarara Central Market Vendors…
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Gulu UWEP group under investigation over Shs 10.8mln fraud
GULU, October 13, 2023 – Ajanyi Kacel Watwero Produce Buying and Selling Association members are under investigation for allegedly fraudulently getting Shs 10.8 million under the Uganda Women Entrepreneurship Programme [UWEP]. Ajanyi…
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Parliament to appraise govt mechanical workshops
KAMPALA, October 13, 2023 – Following an outcry by Members of Parliament, the Committee on Physical Infrastructure has been assigned to assess the state of regional mechanical workshops established by government. The…
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Absa Africa Financial Markets Index 2023 reveals continued progress in developing African financial markets
LONDON, October 12, 2023 – The 2023 Absa Africa Financial Markets Index [AFMI] reveals there has been continued progress in developing financial markets across Africa in the past year, with many of…
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IFAD and Malawi to build resilience and productivity of small-scale farmers and MSMEs
ROME/LILONGWE, October 11, 2023: As Malawi’s food insecurity worsens due to ongoing multiple crises, the International Fund for Agricultural Development [IFAD] and the Government of Malawi recently signed additional funding of US…
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Kwania North PWD Emyooga SACCO seeks laptops for record keeping
KWANIA, October 11, 2023 – Kwania North Persons with Disability [PWD] Emyooga SACCO is in need of a computer for effective record keeping. According to the SACCO leaders, if they can get…
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TZ SACCOs given deadline to obtain licences
DODOMA, October 11, 2023 – The Governor of the Central Bank of Tanzania, Emmanuel Tutuba, has urged the Savings and Credit Cooperatives [SACCOs] to obtain licences before April 30, 2024, so that…
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Lack of computer knowledge delays PDM funds disbursement in Alebtong
ALEBTONG, October 10, 2023 – Lack of computer knowledge specifically on data entry is delaying the disbursement of Parish Development Model [PDM] funds to the beneficiaries in some parts of Alebtong district…
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Masindi teachers told to form SACCOs at school level
MASINDI, October 6, 2023 – Sam Peter Ayebale, the Principal Education Officer of Masindi Municipality has challenged teachers in the whole of Masindi district to form Savings and Credit Cooperatives [SACCOs] at the…
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