Financial
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MPs call for increased funding for agro-industrialisation
KAMPALA, April 11, 2025 — Parliament’s Committee on Agriculture, Animal Industry, and Fisheries has recommended a phased increase in funding for the Agro-Industrialisation Programme through budget allocation from the current 2.4 percent…
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Kwania district allocates over Shs 120mln for coops in the next budget
KWANIA, April 10, 2025 — Kwania District Council has allocated a sum of Shs 124 million to run different activities under Trade, Cooperatives, Industry and Economic Development in the financial year 2025/2026…
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ATIDI backs Benin’s fiscal resilience with second-loss guarantee for Deutsche Bank’s EUR 507.5mln loan
NAIROBI, April 10, 2025 — The African Trade & Investment Development Insurance [ ATIDI ] says it is supporting Benin’s latest financing transaction, by providing a second-loss guarantee for Deutsche Bank’s EUR…
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Gov’t to clear Shs 13.8 trillion domestic debt in 12 years
KAMPALA, April 10, 2025 — A report of Parliament’s Committee on Finance, Planning and Economic Development indicates that it will take government 12 years to be to clear domestic arrears of over Shs…
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Over 100 wells drilled as Uganda prepares for first oil production
HOIMA, April 10, 2025 — In a race to first oil, over 100 oil wells have been drilled to date as part of the Tilenga project, according to Ernest Rubondo, the Executive…
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Minimising loan defaults: District boss calls for financial literacy training for SACCO members
KABAROLE, APRIL 10 2025: Kabarole District LCV Chairperson, Richard Rwabuhinga, has called for enhanced financial literacy training for members of Kihondo Tukwatanize Savings and Credit Cooperative Society Limited [KITUSACCO] to address the…
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Finance Ministry releases over Shs 500bln for PDM
KAMPALA, April 9, 2025 — The Ministry of Finance, Planning and Economic Development [MOFPED] has released Shs 529 billion for the Parish Development Model [PDM], taking a big step in Uganda’s wealth…
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Djibouti Forum calls for optimism and greater collaboration amidst policy-induced global turbulence
DJIBOUTI CITY, April, 9 2025 – – Global turbulence, much of it self-inflicted, dominated discussions at the second edition of the Djibouti Forum. Nonetheless, business leaders appeared relatively optimistic, and this wakeup…
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Loan defaulters blamed for poor performance of Kyamuhunga People’s SACCO
BUSHENYI April 9, 2025 – The Board Chairman of Kyamuhunga People’s SACCO [KYAPS] in Bushenyi district, Paul Turyamureeba Kahiigi, has urged members to ensure they repay their loans promptly if their organisation…
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Soroti City plans to sensitise PDM beneficiaries as recovery period of the first funds draws nearer
SOROTI, April 9, 2025 –– The authorities in Soroti City are set to launch a sensitisation campaign as the recovery period for the first funds disbursed to the beneficiaries of the Parish…
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