Financial
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Museveni embarks on monitoring PDM funds
LUWERO, May 1, 2024 – President Yoweri Museveni has embarked on the monitoring process of the Parish Development Model [PDM] funds to eliminate irregularities in the programme aimed at fighting poverty in…
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Kitgum-Kidepo Road upgrade boosted with Shs 450bln loan approval
KAMPALA, May 1, 2024 – Parliament has approved a government request to borrow about 110.5 million Euros [about Shs 450 billion] from Standard Chartered Bank to finance the tarmacking of Kitgum-Kidepo Road.…
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Parliament approves over Shs 1 trillion supplementary budget
KAMPALA, May 1, 2024 – Parliament has approved a supplementary expenditure budget worth Shs1.106 trillion for settling the offtake arrangement between government and DEI BioPharma Limited, wage, pension and gratuity shortfalls. During…
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Govt, private sector urged to employ skilled youth
MBARARA, April 30, 2024 – Government agencies and the private sector have been urged to employ youth who have been enabled by government to acquire hands-on skills through the Presidential Skilling Initiative.…
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PM Nabbanja orders arrest of defaulters of youth and women funds
KIKUUBE, April 29, 2024 – Prime Minister Robinah Nabbanja has ordered security authorities in Kikuube district to recover the money disbursed to women and youth groups, adding that defaulters be arrested. Nabbanja…
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ITFC signs multiple agreements with member countries, Uganda gets US$ 150mln
RIYADH, April 29, 2024 – The International Islamic Trade Finance Corporation [ ITFC ], a member of the Islamic Development Bank [IsDB] Group, commenced the first day of the 49th IsDB Group…
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Minister concerned over low uptake of IsDB money
ALEBTONG, April 28, 2024 – Local government Minister, Raphael Magyezi has raised concerns over poor absorption of Shs 3 billion given by the Islamic Development Bank to Alebtong district under the Local…
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Trident Energy’s Republic of Congo oil field acquisition lauded as key step forward
JOHANNESBURG, April 28, 2024 – Oil and gas company Trident Energy has secured agreements with multinational energy companies Chevron and TotalEnergies to obtain stakes in the Republic of Congo’s oil fields. The…
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Kenyan farmers get fertiliser boost with US$ 2mln AFFM credit guarantee
NAIROBI, April 28, 2024 – In a significant step to advance food security in Kenya, the Africa Fertiliser Financing Mechanism [AFFM] on Friday launched a project that will help deliver nearly 8,000…
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Scarce resources force Works ministry to focus on road maintenance
KAMPALA, April 26, 2024 – As a new strategy, the government will now focus more on the maintenance of existing roads over construction of new ones. This decision comes amidst reduced allocations…
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