Financial
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Lamwo Farmers In Panic As Rains Come
LAMWO – About 520 Lamwo farmers are afraid that flooding from heavy rains could portend another bad season and harvest. Most of the apprehensive farmers are within Agoro irrigation scheme and are…
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Gulu Sells District Land To Pay Sacked Employees
GULU – Saddled with a soaring debt load, Gulu District Local Government has sold at least 30 plots of district land to pay off about Shs 6 billion in compensation to local…
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Struggling SACCO Appeals For Bailout
HOIMA – A struggling Teachers’ Saving and Credit Co-operative Society (SACCO) in Hoima Oil City is appealing for a government financial bailout – with good reason. The 175 member Hoima Municipality Teachers…
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Gulu District SACCOs Run On Shoe-string Budget
GULU – About 30 cooperatives in the northern district of Gulu will be kneecapped financially in the 2021/2022 financial year. They have been offered only Shs 7.9 million to run their activities…
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Kwania District Releases Emyooga Cash
KWANIA –After passing the multi-layered fit-and-proper test, at least four out of 36 Savings and Credit Cooperatives (SACCOs) in Kwania district have finally received Shs 30 million each under the Presidential Initiative…
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Huge Chunks Of Tea Wasting Away In Zombo
ZOMBO –Tea agriculture has gained a big toehold in the West Nile district of Zombo but frustration is growing among farmers over the lack of a processing factory and the pitiable prices…
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Microfinance Institutions In Trouble In Kwania
KWANIA –In Kwania and Apac Northern districts Savings and Credit Co-operative Societies (SACCOs) have become the preferred go-to lenders threatening to lock out microfinance institutions. The SACCOs are drawing in huge numbers…
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SACCO Leaders Shun Management Training
HOIMA – Last week Hoima City and the district leadership scheduled two weeks of training sessions in financial literacy for all SACCO leaders that lack basic money management knowledge but surprisingly they…
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Lango Farmers Turn To Hass Avocado
LANGO – Frustrated by poor local yields and wavering low crop prices, farmers in the Northern districts of Kwania, Apac, Lira, Kole and Dokolo are switching to the high value Hass Avocado…
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SACCO Saving Kids With Nodding Syndrome
OMORO – Unsupported anymore by the government or Non-Governmental Organizations (NGOs), parents of children battling the debilitating Nodding Syndrome in the northern district of Omoro have turned to saving groups to support their…
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