Financial
-
French co-ops take 25 percent of global turnover of top 100 co-ops
PARIS – New research which compares French co-operatives to those in Europe and other countries puts them ahead of those in Germany, Japan and the US. Conducted by economist Olivier Frey for…
Read More » -
Power Forex International cons public of Shs1.8b
LIRA– At least 2,000 people in Lango, Acholi, West Nile and Bunyoro sub-regions have been conned in a dubious online deal by Power Forex International, a company with headquarters in Kampala, according…
Read More » -
BoU keeps CBR at 6.5 percent in April
KAMPALA – The Bank of Uganda [BoU] has maintained the Central Bank Rate [CBR] at 6.5 percent for the month of April 2022, as the economy continues to recover from the Covid-19…
Read More » -
Absa Bank Uganda profit after tax up by 169%
KAMPALA – Absa Bank Uganda had favourable business outcomes in the year 2021, despite covid-19 pandemic that hit the country. The bank on Tuesday announced a sharp profit after tax increment of…
Read More » -
Heavy downpour predicted in Western Uganda; farmers urged to plant perennial crops
MBARARA – The Uganda National Meteorological Authority (UNMA) has asked farmers in the Western region to plant perennial crops to fully utilize the anticipated heavy rains during the months of April and…
Read More » -
Bunyoro Kingdom supporting individuals and companies to get oil opportunities
HOIMA – Bunyoro-Kitara Kingdom (BKK) in partnership with Uganda National Oil Company (UNOC) and Petroleum Authority of Uganda (PAU) has registered 136 companies on the National Suppliers Database (NSD) and National Oil…
Read More » -
Energy Association opposes increased funding for ERA
KAMPALA – The Energy Generators and Distributors Association of Uganda has rejected a proposal to increase funding to the Electricity Regulatory Authority (ERA) from 0.3% to 0.7% of the electricity sold. The…
Read More » -
DFCU’s pre-tax profits fall by 67.8% in 2021
KAMPALA – Business for DFCU was mild last year as the institution’s gross profits curve fell by a hefty 67.8%, blamed on rolling lockdowns brought on by the global pandemic. In a…
Read More » -
Bank for dairy farmers, health insurance for cooperatives to be launched in India
INDIA– Union Cooperation and Home Minister Amit Shah will inaugurate the mega cooperative event tomorrow April 1, 2022 at Palace Grounds, Bangalore in India. During the conclave, he will launch the logo…
Read More » -
Lira based Indian investor losses sunflower worth Shs100m
LIRA – An Indian investor in Lira City has lost 54 tons of sunflower seeds worth Shs100m to suspected thieves. The grains according to sources, started disappearing in January but the proprietor…
Read More »