Financial
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High fuel prices hit Gulu farmers hard as some fail to open up farmlands
GULU– High prices of fuel have forced farmers in Gulu district to stop the use of tractors in the opening of their farmlands as they prepare for the new planting season. Currently,…
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US$2bln facility geared to African banks and FIs
KAMPALA– The Africa Finance Corporation (AFC) will on Thursday this week in a webinar present the US$2billion facility to provide African banks and financial institutions [FIs] with liquidity to support Africa’s economic…
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UMPCU to hold AGM this May
KAMPALA-Member cooperatives of Uganda Meat Producers Cooperative Union [UMPCU] Limited will hold their Annual General Meeting [AGM] on May 26, 2022, according to the Union’s Board Secretary James Tukaikiriza. UMPCU is owned…
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Kenya’s SACCOs richest in Africa with US$13.64bln in total assets
NAIROBI – Savings and Credit Co-operative Societies (Saccos) in Kenya are the wealthiest in Africa by total assets, according to the new World Council of Credit Unions’ (WOCCU) 2020 Statistical Report. According…
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Shs 496mln unused as it remains held in Lira Emyooga SACCO account
LIRA – At least Shs 496 million accumulated as interest under Emyooga programme in Lira district is lying idle in a bank account as some borrowers from the Savings and Credit Cooperative…
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The power of co-operatives: Europe’s elite football clubs are owned by fans, Uganda has long way to go
KAMPALA – There is no doubt that many Ugandans love football and are keen fans of football clubs. As fans, they support local clubs like; SC Villa, Express FC, KCCA, Vipers and others.…
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Lira City traders bitter over delayed completion of road works
LIRA- All is not well in Lira City as traders who do business along Olwol Road say the delayed completion of construction works has made them incur losses as the road remains closed,…
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US$1mln boost for programme to drive racial equity in credit unions
NEW YORK – Cuna Mutual Group Foundation has committed to invest US$1m in a fund to build equity in credit unions led by or serving people of colour, according to thenews.coop. The money…
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Soroti PWDs to receive Shs 50m from the National Special Grant
SOROTI – Soroti persons with disabilities [PwDs] will for the first time receive Shs 50 million from the National Special Grant [NSG], says Minister of State for Disability Affairs, Hellen Grace Asamo. …
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MPs, minister clash over proposal to extend tax holiday for power company
KAMPALA – Parliament’s Committee on Finance, Planning and Economic Development, has started understudying the new Tax Bills for the Financial Year 2022/2023, with the legislators questioning government’s proposal to exempt Bujagali Power…
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