Financial
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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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Delayed release of funds affecting road works, says Kasaija
KAMPALA, October 16, 2024 – The Minister for Finance, Planning and Economic Development, Matia Kasaija has revealed that construction works on the Mityana – Mubende Road stalled due to delayed release of…
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Gov’t explains cancellation of Tibet-Hima contract
KAMPALA, October 16, 2024 – The government has clarified the reasons behind the termination of the contract with a Chinese company, Tibet-Hima, which was tasked with revamping Kilembe Mines in Kasese district.…
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Think tank calls for farmers’ contributary social security schemes
KAMPALA, October 15, 2024 – The government should facilitate the formation of farmer-focused contributory social security schemes to help farmers save for unforeseeable shocks. Dr. Brian Sserunjogi, a research fellow at Economic…
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PDM: Seven arrested over embezzlement of Shs 50mln in Namutumba
NAMUTUMBA, October 13, 2024 – Seven officials in Namutumba district are in police custody after failing to account for Shs 50 million intended for the beneficiaries of the Parish Development Model [PDM].…
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IFC and Absa provide trade facility to Valency to support thousands of farmers in Africa
SINGAPORE, October 13, 2024 – The International Finance Corporation [ IFC ], a member of the World Bank Group, and Absa Group Limited, a South Africa based bank, acting through its Corporate…
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Museveni contributes Shs 2bln to Muslim Women SACCOs
KAMPALA, October 12, 2024 — President Yoweri Kaguta Museveni has contributed Shs 2 billion to Muslim women-run Savings and Credit Cooperative Organisations [ SACCOs ] in the country. “I will contribute Shs…
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Uganda on track to beat December deadline on coffee exports to EU
KAMPALA, October 10, 2024 — Uganda’s coffee exports to the European Union [EU] wouldn’t’ not be affected by the December 2024 deadline of the EU Deforestation-free Regulation [EUDR], according to Minister of…
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Kabalega SS Old Boys SACCO hits Shs 60mln in savings
MASINDI, October 10, 2024 – The Kabalega Secondary School Old Boys Savings and Credit Cooperative Organisation [SACCO] has accumulated Shs 60 million in savings, according to its CEO, Titus Tumusiime. During the…
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NSSF aims to boost asset base to Shs 50 trillion by 2035
OTUKE, October 8, 2024 – The National Social Security Fund [ NSSF ] is determined to grow its assets under management to Shs 50 trillion by 2035, up from the current Shs…
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