Financial
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MPs question excess budget releases for districts
KAMPALA, October 24, 2024 — Parliament’s Committee on Public Accounts [Local Government ] has questioned the motive behind excess release of budgets to districts saying that this has contributed to low absorption…
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UMRA and Post Bank sign MoU to digitalise SACCO operations
KAMPALA, October 23, 2024 – The Uganda Microfinance Regulatory Authority [UMRA] and Post Bank Uganda have signed a memorandum of understanding (MoU) aimed at digitalising the operations of all Savings and Credit…
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Afreximbank to double Creative Africa Nexus funding to US$ 2bln to boost Africa’s creative economy
ALGIERS, October 21, 2024 — President and Chairman of the Board of Directors of Afreximbank, Pro. Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus [CANEX]…
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Amongi empowers members of mining cooperative in Lira City
LIRA CITY, October 19, 2024 – Members of the Artisanal Miner Cooperative Society Limited, engaged in stone quarrying in Lira City East Division, received tools to enhance their business operations. Gender Minister…
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New Cooperative Bill to reform and boost sector growth
NAIROBI, October 19, 2024 — The Cooperative Bill 2024, which the Kenyan Parliament is presently scrutinising, aims to tackle the persistent governance and management issues afflicting the cooperative sector, according to Wycliffe…
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COSASE report reveals abuse of payrolls in gov’t agencies
KAMPALA, October 18, 2024 — Parliament’s Public Accounts Committee on Commissions, Statutory Authorities, and State Enterprises [PAC-COSASE] has raised concerns over the mismanagement of salary payrolls across various government ministries and departments.…
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Save to invest in future: Christian women in Bunyoro Kitara Diocese urged to embrace saving culture
HOIMA, October 18, 2024 — Christian women in the Bunyoro Kitara Diocese have been encouraged to adopt a culture of saving as a means to invest in the future and contribute to…
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House Committee concerned over rising domestic arrears
KAMPALA, October 17, 2024 — Parliament’s Public Accounts Committee [Central Government] has raised concerns over Uganda’s financial management revealing a Shs 4.4 trillion gap between the government’s expenditure and revenue. In a…
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AfDB supports Biashara Africa 2024 Business Forum
KIGALI, October 16, 2024 — The African Development Bank has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held recently in Kigali, Rwanda. The meeting, organised by…
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Ntungamo dairy coop bosses suspended over missing Shs 28bln
NTUNGAMO, October 16, 2024 – The board of the Ntungamo Dairy Farmers Cooperative Union [NDFCU] has been suspended amid allegations of misappropriating Shs 28.6 billion. The decision was made during a special…
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