Financial
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Parliament queries last minute loan request for UMEME buyout
KAMPALA, February 26, 2025 – Members of Parliament [MPs] on the Committee of National Economy have queried government’s ‘last minute’ request for a US$ 190 million loan to finance the UMEME buyout…
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OWC to donate 2.5mln coffee seedlings to creative artists
GULU CITY, February 26, 2025 – The WALK Creative Arts Foundation is set to receive 2.5 million coffee seedlings from Operation Wealth Creation [OWC] to be distributed to creative artists in Northern…
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AfDB and Standard Bank unite to support SMMEs and boost trade
JOHANNESBURG, February 26, 2025 — The African Development Bank Group [AfDB] and Standard Bank Group [SBG] on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises…
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National IDs recovered from money lenders in Mbarara City
MBARARA CITY, February 25, 2025 – Mbarara City Resident City Commissioner [RCC], Catherine Helen Kamwine has recovered around 10 national identity cards that had been confiscated by money lenders operating in the…
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Buliisa district decries shortage of teachers
BULIISA, February 25, 2025 –– Authorities in Buliisa district have called on government to lift a ban recruitment of more teachers, saying it would address the ongoing shortage in the district. The…
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Denmark donates solar-powered irrigation facility to Buganda Kingdom
SEMBABULE, February 24, 2025 – The Danish Government, through the DANIDA Green Business Partnership Programme, has constructed a solar-powered irrigation facility to help smallholder farmers in Buganda Kingdom to mitigate the effects…
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House approves Shs 9.5bln in tax waivers for local companies
KAMPALA, February 22, 2025 — Parliament on Thursday approved tax waivers of over Shs 9.5 billion for selected local investors for the running financial year 2024/2025. This followed the adoption of the report…
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Coffee prices surge to record highs amidst global market shifts
KAMPALA, February 21, 2025 –– In January 2025, the International Coffee Organisation [ICO] Composite Indicator Price [I-CIP] for green coffee reached an average of 310.12 US cents per pound [0.453592kg], marking a…
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Nebbi councillors to probe schools over ghost learners
NEBBI, February 21, 2025 — District councillors in Nebbi are preparing to begin investigations into headteachers of both Universal Primary Education [UPE] and Universal Secondary Education [USE] schools regarding learner enrolment. During…
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Chia seed company turns to cooperatives to meet international standards
GULU, February 21, 2025 – Talia Group Limited, a company that grows and purchases chia seeds in the Acholi Subregion, has turned to cooperatives in an effort to meet the international organic…
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