Financial
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Soroti Emyooga SACCO leaders tasked with recovering funds
SOROTI CITY, May 19, 2025 –– Musa Oroma, the Assistant Resident City Commissioner [ARCC] of Soroti City, has urged Emyooga SACCO leaders in the area to ensure the recovery of loans disbursed…
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SACCOs urge government to introduce subsidised agricultural insurance to tackle climate change
MBARARA CITY, May 18, 2025 –– Savings and Credit Cooperative Organisations [SACCOs] in western Uganda have appealed to the government to introduce affordable agricultural insurance and climate finance support to help smallholder…
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L.A. artist coop fights back against rising costs and fewer jobs
L.A., May 17, 2025 — In the current brutal Los Angeles entertainment environment, where costs are high and Hollywood productions are moving out of the city at record speeds, a new and…
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Australian coop sector urges new government support
SYDNEY, May 17, 2025 — Australia’s Business Council of Cooperatives and Mutuals [ BCCM ] has welcomed the election of Anthony Albanese’s new Labor Government and expressed its commitment to working with…
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ITFC commits EUR 106mln to boost cotton production in Burkina Faso
OUAGADOUGOU, May 17, 2025 – – The International Islamic Trade Finance Corporation [ITFC], the trade finance arm of the Islamic Development Bank [IsDB] Group, has renewed its longstanding support to the Republic…
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Co-operative Bank of Kenya posts 7.5 percent rise in pre-tax profit
NAIROBI, May 16, 2025 — The Co-operative Bank of Kenya demonstrated resilience and adaptability in 2024, posting a 7.5 percent increase in profit before tax to Kshs 34.8 billion, up from Kshs…
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Cultural barriers prevent Karamoja women from accessing GROW project loans
KOTIDO, May 16, 2025 –– In the arid plains of Karamoja Subregion, where women play a central role in agriculture and entrepreneurship, a quiet struggle continues — financial exclusion rooted in traditional…
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EU Pledges €48mln for forestry restoration in Uganda
KAMPALA, May 16, 2025 — The European Union [ EU ] has committed at least €48 million [approximately Shs 160 billion] to support forest conservation efforts in Uganda. The announcement was made…
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“We Don’t Have the Luxury of Time”: Global Energy Leaders Urge Swift Action on Africa’s Resources
PARIS, May 16, 2025 — In a striking call to action at the closing session of the Invest in African Energy Forum in Paris, Energean CEO Mathios Rigas laid out a bold…
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Parliament waives stamp duty on agreements, imposes new tax on hides and skins exports
KAMPALA, May 15, 2025 –– Parliament has passed the Stamp Duty [Amendment] Bill, 2025 introducing a “near-duty” classification and effectively scrapping the longstanding Shs 15,000 duty on agreements and mortgage deeds. The…
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