Financial
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UEDCL secures Shs 190bln Loan from Absa Bank to upgrade electricity distribution network
KAMPALA, December 15, 2025 — The Uganda Electricity Distribution Company Limited [UEDCL]has secured a loan worth US$ 50 million [approximately Shs 190 billion] from Absa Bank Uganda to finance the upgrade and…
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Irish coop apex raises concerns on budget hit for non-VAT registered farmers
DUBLIN, December 15, 2025 — The Irish Co-operative Organisation Society [ICOS], the voice of cooperatives in Ireland, has raised concerns over a decision by the Department of Finance to reduce the Flat-Rate…
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Building water infrastructure: Banks urged to offer affordable loans to dairy cooperatives
KAMPALA, December 15, 2025 — Officials from the Ministry of Water and Environment (MWE) and Heifer International have called on commercial banks and other financial institutions in Uganda to provide dairy cooperatives…
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MSC collaborates to enhance livelihoods in Teso’s Ateker community
SOROTI, December 15, 2025 — The Microfinance Support Centre [ MSC ] has entered into a collaboration aimed at enhancing the livelihoods of the Ateker community in the Teso sub-region. The partnership…
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Banyankole Kweterana Cooperative Union leadership summoned in Kampala over alleged misappropriation of funds
MBARARA, December 15, 2025 – The Board of Directors and management of the Banyankole Kweterana Cooperative Union [BKCU] have been formally summoned to appear before the Registrar of Cooperative Societies in Kampala…
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Afreximbank breaks ground on its iconic trade centre and new headquarters in Egypt’s New Capital
KAMPALA, December 15, 2025 — African Export-Import Bank Afreximbank, Africa’s leading multilateral financial institution, yesterday marked a historic milestone with the groundbreaking ceremony of the Afreximbank African Trade Centre [AATC] in Egypt’s…
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Refugees in Kiryandongo find stability and nutrition through FAO’s poultry farming initiative
KIRYANDONGO, December 14, 2025 –When the conflict in Sudan reached Khartoum in 2023, Fatima Salih Mohammed, a 30-year-old mother of six, was forced to flee. She arrived in Uganda with her six…
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ILO-ICA Report: Cooperatives as a “limited-profit” model
BRUSSELS, December 13, 2025 — In response to a number of national requests, the International Labour Organization [ILO] and the International Cooperative Alliance [ICA] have published a brief to clarify how cooperatives…
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Benin: African Development Bank to invest €102mln to boost poultry meat production
ABIDJAN, December 13, 2025 — The Board of Directors of the African Development Bank Group meeting in Abidjan today approved a €102.12 million loan to Benin to implement the first phase of…
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Masindi NRM leaders form SACCO, seek Museveni’s support
MASINDI, December 12, 2025 — National Resistance Movement [NRM] sub-county leaders in Masindi district have formed a Savings and Credit Cooperative Organisation [SACCO] to boost their economic well-being. The move was announced…
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