Financial
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MDBs sign US$ 1bln exchange exposure agreement to increase development lending capacity to African nations
WASHINGTON, DC., October 28, 2024 — The African Development Bank (AfDB] and the Asian Development Bank [ADB] have signed a US$ 1 billion exchange exposure agreement [EEA] aimed at enhancing the African…
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Fishing: Amolatar district boss demands withdrawal of UPDF from L. Kyoga
AMOLATAR, October 28, 2024 — Geoffrey Ocen Kiring, the LC5 Chairperson of Amolatar district, has called for an amendment to the Fisheries and Aquaculture Act, 2023, to allow fishermen to use boats…
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Hoima district resumes disbursement of PDM funds
HOIMA, October 28, 2024 — Hoima district authorities have resumed disbursing Parish Development Model [PDM] funds to beneficiaries. Launched in February 2022, the PDM is a government initiative aimed at transitioning 3.5…
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Ninth Africa Energy Market Place held in Dar es Salaam ahead of key Africa Heads of State Energy Summit
DAR ES SALAAM, October 25, 2024 — Further to an April 2024 pledge by the Presidents of the African Development Bank and the World Bank to bring electricity access to 300 million…
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SACCO and VSLA leaders trained on governance and financial literacy
GULU CITY, October 25, 2024 — One hundred twenty leaders from Savings and Credit Cooperative Organizations [ SACCOs ] and Village Savings and Loan Associations [VSLAs] in the Acholi Subregion have completed…
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Widespread progress in African financial markets
KAMPALA, October 25, 2024 — There have been clear improvements across countries in the Absa Africa Financial Markets Index 2024. Scores have risen for 23 countries [82 percent], which is the highest…
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World Bank Group advances Gender Strategy, unveils economic opportunity ambition
WASHINGTON, Oct, 24, 2024 – The World Bank Group today took the first steps toward implementing Gender Strategy 2030, announcing a set of actions and concrete goals that aim to boost economic opportunities…
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Ruto confirms support for SACCO movement in meeting with credit union leaders
NAIROBI, October 24, 2024 —Kenyan President, William Ruto recently confirmed cooperatives are central to his government’s priorities and that he wants to see the Savings and Credit Cooperative [SACCO] movement in Kenya…
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Global Credit Union membership surpasses 411mln
MADISON, Wis., October 24, 2024 — World Council of Credit Unions’ [WOCCU] 2023 Statistical Report shows membership in the global credit union movement topped 411 million, while assets surpassed US$ 3.7 trillion last…
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PDM: Diocese of West Lango clergy decry exclusion
KWANIA, October 24, 2024 — Religious leaders in the Diocese of West Lango have urged the government to implement a special empowerment programme for them, asserting that they have been excluded from…
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