Financial
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SACCOs in Kwania, Apac gain ground as they pull civil servants
APAC – Savings and Credit Cooperative Societies [SACCOs] in Kwania and Apac districts have gained momentum, and attracted a number of civil servants such as teachers, leaving the large microfinance institutions drained…
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Kwania SACCO struggling to recover over Shs 70mln from borrowers
KWANIA – Abany Community Development Savings and Credit Co-operative [ SACCO ] is struggling to recover about Shs 72.6 million loaned out to its members in the 2022/2023 financial year. The SACCO…
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Coffee and cocoa coops to benefit from Shs 32.8bln project
KAMPALA– Cooperatives, associations, communal groups, and community business organisations engaged in coffee or cocoa business stand to benefit from a project Shs 32.8 billion [EUR 8mln]. Dubbed Coffee and Cocoa Value Chain…
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MP Auma donates Shs 40mln to gospel artists’ SACCO, women VSLAs
KWANIA – Kwania district Woman Member of Parliament, Kenny Auma Lapat has donated Shs 10 million to God is Good Gospel Singers’ Savings and Credit Cooperatives Society [SACCO]. The money was delivered…
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Private sector credit declined 0.2 percent in June 2023
KAMPALA – The total value of private sector credit [PSC] approved in June 2023 for disbursement by local commercial banks declined by 0.2 percent to about Shs 1.2 trillion, from about Shs…
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Gulu City grappling with low tax revenue
GULU-Gulu City has so far managed to collect only Shs 2.8 billion in local revenue out of an estimated Shs 5.9bln planned in the current financial year. According to Godfrey Kiseka, the…
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Priotise domestic arrears in new financial year, CSBAG urges govt
KAMPALA – Civil Society Budget Advocacy Group [ CSBAB ] has urged government to address domestic arrears in the new financial year which begins on July 1, 2023. Patrick Rubangakene, CSBAG’s economist…
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Hoima district budget up by Shs 1.5bln
HOIMA-Hoima district local government leaders and officials are relieved after receiving budget support of about Shs1.5 billion from the central government. Hoima district council recently approved the money in a supplementary budget for…
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Amuru district tasked to popularise coffee growing
AMURU– Amuru district agricultural department and the district leaders have been tasked to popularise coffee farming to rally more farmers in the sub-sector which is one of the priority enterprises as government…
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BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
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