Financial
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Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
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AU minsters’ summit declares coffee a strategic commodity
KAMPALA – The Summit of African Union Ministers sitting in Nairobi days ago certified coffee as a key strategic commodity for the poorest yet resource-rich continent. The development would require trading in…
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Katakwi dairy farmers get cooler to boost milk production
KATAKWI– Dairy farmers in Katakwi district have a reason to smile again after the Dairy Development Authority [DDA], a statuary agency under the Ministry of Agriculture, Animal Industry and Fisheries [MAAIF] revamped…
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Stanbic Bank launches Shs 50 billion fund for Saccos in Northern Uganda
GULU -Stanbic Bank Uganda has launched Shs 50 billion fund in Northern Uganda to support Saccos in the agro-processing as the bank aims to boost the agricultural value chain in the country.…
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Police arrest 26 over death of Wazalendo Sacco boss
KAMPALA– Police have confirmed the arrest of at least 26 suspects on allegations of killing a senior UPDF officer from a guest house in Kampala. According to police, Major Joseph Mukuraine, also…
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Finance Minister Kasaija snubs COSASE, summoned
KAMPALA– Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises [COSASE] has summoned the Minister of Finance Matia Kasaija after he failed to appear before the committee for the second time to…
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Regional hospitals get Shs 2.1bln equipment
GULU – The World Health Organization [WHO] through the Danish government has handed over equipment worth Shs 2.1 billion to boost service delivery in regional referral hospitals. The supplies which include three…
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Hoima hospital gets Shs 4.5bln for blood bank
HOIMA– Leaders in Bunyoro sub region region are excited over the government’s decision to construct a regional blood bank at Hoima Regional Referral Hospital for efficient service delivery. This follows communication from…
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BoU’s Atingi-Ego shines as women steal show at the African Banker Awards 2022
KAMPALA-Last night the 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African…
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