Financial
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Ugandans urged to embrace income-generating projects
KAMPALA, December 14, 2024 — Ramathan Ggoobi, the Permanent Secretary in the Ministry of Finance, Planning and Economic Development and Secretary to the Treasury, has urged Ugandans to focus on government initiatives…
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Minister Kasaija tips traders on gov’t low-interest loans at URA tax awards
KAMPALA, December 13, 2024: The Minister for Finance Planning and Economic Development, Matia Kasaija has asked Ugandan traders to approach the government for low-interest loans to boost their struggling businesses. Speaking at…
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Higher commodity prices drove up public revenues in Africa in 2022
KAMPALA, December 13, 2024: Tax revenues rose across African countries on average in 2022 due to higher commodity prices, according to new data published early this week. Revenue Statistics in Africa 2024…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Odrek Rwabogo inaugurates new coffee factory in Bugisu
MBALE, December 11, 2024 – The Chairman of the Presidential Advisory Committee on Exports and Industrial Development [PACEID], Odrek Rwabwogo, recently inaugurated the Balambuli Kwigatte Coffee [BKC] Factory and the Elgon Production…
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Excitement As Bunyoro-CNOOC Amasaza Cup Tournament Resumes
HOIMA CITY, December 11, 2024 –– The Bunyoro-CNOOC Amasaza Cup Tournament, which was paused due to the outbreak of COVID-19 in early 2020, has resumed amidst great excitement from the youth, and…
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Ecobank and the IFC partner to empower Ivorian women’s businesses
CASABLANCA, December 11, 2024 — Ecobank Côte d’Ivoire, part of the leading pan-African financial services group, has signed a landmark Memorandum of Understanding [MOU] with the International Finance Corporation [IFC] to roll…
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Rotary commissions Shs 140.6mln water project in Mbale
MBALE, December 11, 2024 — The Rotary Club of Mbale Metropolitan has officially launched and handed over a construction site for a US$ 38,000 [about Shs 140.6 million] water project in Lumbuku…
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Coffee farmers urge gov’t to engage EU over deforestation law
HOIMA, December 10, 2024 — Coffee farmers in Bunyoro subregion are urging government to engage with the European Union [EU] regarding the possibility of relaxing the deforestation law, known as the European…
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Shs 366mln renovation works begin on Mbarara City bridge
MBARARA CITY, December 9, 2024 – Renovation work on Katete Bridge in Mbarara City officially began today, almost a year after the bridge became unmotorable, hurting transportation and trade in the area.…
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