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latest market news and reviews
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Bushenyi: PDM SACCO Chairperson remanded over extortion allegations
BUSHENYI, February 4, 2026 – The Chairperson of the Magoma Parish Development Model Savings and Credit Cooperative Organisation [PDM SACCO] in Kahungye Parish, Nyabubare Subcounty in Bushenyi district, has been remanded to…
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Boosting tourism revenue: Uganda targets Swiss tourists
KAMPALA, February 3, 2026 — Uganda is targeting more tourists from Switzerland in 2026, with the aim of increasing tourism revenue, which is crucial in funding government’s development priorities. To realise this…
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Ethiopia bondholders plan lawsuit as US$ 1bln debt row escalates
ADDIS ABABA, February 3, 2026 — Private-sector investors are preparing legal action against Ethiopia over its US$ 1 billion Eurobond default, after official creditors—led by China and France—blocked a restructuring deal that…
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Counting cooperatives: Why data matters
KAMPALA, February 3, 2026 — Data drives knowledge, awareness and decision making, and is a vital part of the global cooperative story. The annual World Cooperative Monitor [WCM] is one such project…
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SACCO leaders applaud Museveni’s pledge to extend tax holiday
MBARARA CITY, February 3, 2026 – Leaders of Savings and Credit Cooperative Organisations [SACCOs] in Western Uganda have expressed relief and renewed focus on development following President Yoweri Museveni’s pledge to extend…
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India, China Lead Global GDP Growth
KAMPALA, February 2, 2026 — The International Monetary Fund [IMF] has placed China and, India at the top of the global real GDP growth chart and the two countries are projected to…
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Cooperative societies merge to support long-term growth
LONDON, February 2, 2026 — Two cooperative societies in the United Kingdom [UK] have merged to form a new organisation comprising more than 500 food stores as well as travel, funeral and…
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S&P assigns ‘A/A-1’ ratings with a positive outlook to AFC reflecting its robust credit profile
KAMPALA, February 1, 2026 — Africa Finance Corporation [AFC], the continent’s leading infrastructure solutions provider, today welcomed the assignment of ‘A’ long-term and ‘A-1’ short-term issuer credit ratings, with a Positive Outlook,…
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Stanbic Bank targets salaried and self-employed Ugandans with ‘Oli In Charge’ loan campaign
KAMPALA, January 31, 2026 — Stanbic Bank Uganda has launched the ‘Oli In Charge’ campaign to provide affordable financing solutions for both salaried and self-employed workers, helping them achieve their financial goals.…
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SACCO sector wins big as Museveni halts BoU regulation, directs extension of tax exemption beyond 2027
KAMPALA, January 30, 2026 — The Savings and Credit Cooperative Organisations [SACCOs] sector has secured significant policy commitments from the Government of Uganda following successful high-level lobbying and advocacy engagements led by…
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