Financial
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Parliamentary report calls for reform of PDM funding structure to ensure equity
KAMPALA, April 20, 2026 — The Parliamentary Committee on Finance, Planning and Economic Development has called for an urgent review of the Parish Development Model [PDM] funding structure, warning that its uniform…
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Kotido: PDM SACCO leadership to be overhauled amid rising corruption allegations
KOTIDO, April 19, 2026 — Kapeta Sub-county in Kotido district is set for a sweeping leadership shake-up, with officials moving to replace all leaders of the Parish Development Model Savings and Credit…
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Africa’s phosphate future set to take centre stage at African Mining Week 2026 amid rising fertiliser prices
CAPE TOWN, April 19, 2026— Disruptions in the Strait of Hormuz – a critical artery for global trade that handles about 30 percent of the world’s fertiliser shipments – are sending shockwaves…
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SACCOs positioned to expand financial inclusion for refugees in Kenya, new report says
Nairobi, April 19, 2026 —A new report from the World Council of Credit Unions [WOCCU], developed in partnership with the African Confederation of Cooperative Savings and Credit Associations [ACCOSCA], highlights the critical role…
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The crisis in the Middle East could cost Africa 0.2 percent in economic growth in 2026
KAMPALA, April 19, 2026 — The crisis in the Middle East is impacting global economies, with growth in African countries forecast to decline by up to 0.2 percent. This is according to…
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WOCCU 2026 Global Regulatory Update Highlights Geopolitics as Defining Force in Financial Services
KAMPALA, April 18, 2026—World Council of Credit Unions [ WOCCU ] has released its 2026 Global Regulatory Update, outlining how geopolitical forces are fundamentally reshaping financial services regulation worldwide. The report finds…
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MDBs unite on new global framework to measure job creation impact
KAMPALA, April 18, 2026 — A coalition of leading multilateral development banks [ MDBs ] has announced a landmark agreement to adopt a common approach to measuring how their investments contribute to…
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AfDB, ESM sign MoU to enhance cooperation
WASHINGTON, D.C., April 18, 2026 — The African Development Bank Group [AfDB] and The European Stability Mechanism [ESM] have signed a Memorandum of Understanding [MoU] to formalise and strengthen cooperation between the…
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Colombia approves pension reform to support elderly coffee growers amid sustainability concerns
BOGOTA, April, 18, 2026 — Colombia’s Congress has approved a sweeping pension reform aimed at supporting elderly coffee growers, with eligible beneficiaries set to receive a monthly stipend of about COP 223,000…
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Platform Taxi Cooperatives Gain Ground as Fairer Alternative to Ride-Hailing Giants
BRUSSELS, April 17, 2026 — As global ride-hailing platforms continue to dominate urban transport, emerging taxi cooperatives in Belgium and India are demonstrating that worker-owned digital alternatives can compete — and potentially…
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