Financial
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MPs query committee investigating cooperatives over war reparations
KAMPALA, September 28, 2023 – The opposition Members of Parliament have castigated the method being used by parliament’s committee investigating cooperatives that received war reparations from the government. According to the MPs…
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Youth in Kwania spend PDM cash on smartphones, hoofers
KWANIA, September 28, 2023 – A section of the youth who benefited from the Parish Development Model [PDM] cash in Kwania district are using the government money to buy hoofers, smartphones, and…
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BoU appoints eight commercial banks as Primary Dealer Market Makers
KAMPALA, September 28, 2023 -The Bank of Uganda [BoU] has appointed eight commercial banks as Primary Dealer Market Makers [PDMM] effective October 1, 2023. According to Kenneth Egesa, Director Communications at BoU,…
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Release of Absa Africa Financial Markets Index 2023 slated for October 12
MARAKKECH, September 25, 2023 – The Absa Africa Financial Markets Index 2023 will be released on October 12, 2023, in Marrakech, Morocco, according to the organisers. Now in its seventh year, the…
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Oil and gas sector activities boost tax revenue in August 2023
KAMAPALA, September 22, 2023 – Tax revenue collections in August amounted to about Shs 1,990.91 billion, which was Shs 6.98 billion above the target, according to the Performance of the Economy Report…
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Official warns PDM beneficiaries against diverting funds
LIRA, September 14, 2023 – The beneficiaries of the Parish Development [PDM] in Lira district have been warned against diverting the funds meant to help poor households engage in commercial farming. The…
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Wakenya Pamoja SACCO launches banking platform for members
NAIROBI, September 8, 2023 – Wakenya Pamoja Deposit Taking SACCO recently launched a mobile digital banking platform expected to improve service delivery, according to Coop News. The new platform dubbed Wakenya M-Cash is a robust…
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War loss compensation: Treasurer of Lango Cooperative Union arrested
LIRA, September 7, 2023 – A top official of Lango Cooperative Union [LCU] was detained overnight at Lira Police Station for allegedly mishandling part of the Shs 6 billion that government released…
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Kwania: Emyooga funds improving livelihoods of PWDs
KWANIA – Persons with disabilities under Kwania North PWD Emyooga SACCO are flourishing in both their businesses and livelihoods and now want more money to further grow their businesses. The SACCO which has…
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Bunyoro-Kitara Kingdom tables Shs 22.5bln budget
HOIMA – Bunyoro-Kitara Kingdom intends to spend Shs 22.5 billion in the financial 2023-2024 compared to Shs 15.8bln planned for spending in the financial year 2021-2022. The budgetary estimates were presented days…
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