Financial
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EAC tables US$ 109.3mln budget estimates before EALA for the 2025/2026 FY
ARUSHA, June 25, 2025 — The East African Community [EAC] has tabled before the East African Legislative Assembly [EALA] the budget estimates for the 2025/2026 financial year [FY] totaling US$109,338,151 [approximately Ushs…
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Museveni proposes village boreholes to address water challenges for farmers
MUKONO, June 25, 2025 –– President Yoweri Museveni has said government is to establish boreholes per village to address the farmers’ widespread concerns about inadequate water for poultry and livestock as well…
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DMK Group and Arla Foods Move Towards Creating Europe’s Largest Dairy Cooperative
BERLIN, June 25, 2025 — The German DMK Group and Danish-based Arla Foods, which is a cooperative of several hundred Belgian farmers, have taken initial steps towards merging into what could be…
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Shs 3.59bln modern school handed over to Kapchorwa district officials
KAPCHORWA, June 25, 2025 –– In a major boost to education infrastructure in the Sebei sub-region, BAM Contractors and Surveyors has officially handed over the Shs 3.59 billion Kaptanya Seed Secondary School…
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African leaders urge U.S. to embrace investment-driven partnerships and review tariffs
LUANDA, June 24, 2025 — African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic…
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Cooperative in Somalia revives after 22 years with focus on markets
MOGADISHU, June 24, 2025 — Qabri-bahar Cooperative in Somalia collapsed due to war and 300 households who had invested in it lost all their investments. Now 22 years later, the cooperative has…
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PDM SACCO Chairperson jailed for corruption
MUKONO, June 24, 2025 –– The chairperson of a Savings and Credit Cooperative Organisation [SACCO ] has been sentenced to two months in prison for soliciting a bribe linked to the Parish…
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Two suspects arrested over theft of PDM funds in Kole district
KOLE, June 24, 2025 –– Police in Kole District have arrested two suspects in connection with the theft of Shs 50 million intended for beneficiaries of the Parish Development Model [ PDM…
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Uganda’s coffee exports surge in May 2025 – new report
KAMPALA, June 24, 2025 — Uganda’s coffee exports reached new heights in May 2025, with a total of 793,445 60-kilo bags valued at US$ 243.95 million [approximately Shs 875.142 billion] exported, according…
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WOCCU launches last-mile innovation to strengthen rural financial inclusion in Guatemala
MADISON, Wis., June 23, 2025 — World Council of Credit Unions [WOCCU] in May partnered with the National Federation of Savings and Credit Cooperatives [FENACOAC], its member credit union association in Guatemala,…
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