Financial
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Seven arrested over extorting money from PDM beneficiaries
KAPELEBYONG, May 22, 2024 – Seven board members of Amotom- Okungur PDM SACCO in Kapelebyong district have been arrested over the extortion money from the programme’s beneficiaries. According to the Resident District…
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UPDF burns illegal fishing gear on Lake Albert
KIKUUBE, May 22, 2024 – The Uganda People’s Defence Forces’ Fisheries Protection Unit [FPU] guarding Lake Albert has burned illegal fishing gear worth Shs 265 million. The equipment destroyed belonged to fishermen…
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AfDB’s Adesina presents Africa as world’s best investment destination
RIYADH, May 21, 2024 – Africa’s human, land, mineral resource and cross-border trade endowments combine to make it the world’s most promising investment destination, now and well into the future, African Development…
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Cocoa regulator in Ivory Coast puts halt to coops hoarding beans for sale at higher prices
ABIDJAN, May 21, 2024 – The Coffee and Cocoa Council [CCC] of Cote d’Ivoire has temporarily halted the operations of about 40 cooperatives suspected of unlawfully stockpiling cocoa beans to sell them…
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Govt launches GROW project in Agago district
AGAGO, May 21, 2024 – Government has launched the Generating Growth and Opportunities for Women Enterprises [GROW] project targeting to benefit about 200 women-led enterprises in Agago district. The State Minister for…
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Tourism is back to pre-pandemic levels, but challenges remain, study says
KAMPALA, May 21, 2024 – International tourist arrivals and the travel and tourism sector’s contribution to global gross domestic product [GDP] are expected to return to pre-pandemic levels this year, driven by…
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WFCU invites global movement to join flood relief efforts in Brazil
MADISON, Wis, May 20, 2024 – Worldwide Foundation for Credit Unions [ WFCU ], in partnership with World Council of Credit Unions [WOCCU], recently launched its Brazilian Flood Relief Fund to solicit donations…
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Kikuube security officials petition IGP over increasing theft of livestock
KIKUUBE, May 19, 2024 – Members of the Kikuube district security committee have petitioned the newly appointed Inspector General of Police [IGP], Abas Byagaba, seeking deployment of officers of the Police Anti-stock…
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Spiro agrees to US$50mln debt facility with Afreximbank to accelerate expansion
KIGALI, May 18, 2024 – Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for a US$ 50 million debt facility with the…
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House passes Shs72.136trn budget for FY 2024/2025
KAMPALA, May 17, 2024 – Parliament has passed the national budget for the financial year 2024/2025, approving a total expenditure of Shs 72.136 trillion following the passing of the Appropriations Bill 2024…
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