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latest market news and reviews
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Afreximbank Launches 2024 African Trade Report and African Trade and Economic Outlook Report
NASSAU, June 13, 2024 – African Export-Import Bank [ Afreximbank ] yesterday launched its African Trade Report 2024 and African Trade and Economic Outlook Report 2024 at the Afreximbank Annual Meetings 2024…
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United Bank for Africa: Shareholders approve payment of N78.7 billion dividend
LAGOS, June 3, 2024 The shareholders of the United Bank for Africa [UBA] Plc, have congratulated the Board of Directors, management and staff of the Bank for the impressive performance recorded over…
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Orange vendors decry poor quality as they suffer losses
SOROTI, May 30, 2024 – Orange vendors in Soroti district say they are incurring losses due to the poor quality of oranges supplied by the local farmers. They say customers have shunned…
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Multilateral finance institutions win big at African Banker Awards 2024
KAMPALA, May 29, 2024 – The most prestigious event in the African banking calendar, the African Banker Awards Gala Ceremony 2024, took place last night at the JW Marriott Hotel in Nairobi,…
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Uganda named top investment destination in Africa
ENTEBBE, May 24, 2024 – President Yoweri Kaguta Museveni recently received an award that ranks Uganda as a top investment destination on the African continent. Uganda beat six other nations to emerge…
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Over 140 coops in Masindi have expired certificates
MASINDI, May 23, 2024 – At least 146 cooperatives in Masindi district, and municipality have expired certificates, according to the list published by the Ministry of Trade, Industry Cooperatives [MTIC]. Apparently, soldiers…
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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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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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Uganda’s export receipts rose 0.2 percent in March 2024
KAMPALA, May 20, 2024 – During March 2024, Uganda’s exports increased from US$ 633 million in February to USD 634.43mln, representing a 0.2 percent growth rate, according to the Performance of the…
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Uganda’s coffee exports hit Shs 1 billion mark in one year
KAMPALA, May 15, 2024 – Uganda’s coffee exports for the twelve months [May 2023-April 2024] rose by 3.38 percent to 5.92 million bags, earning the country the much-needed revenue of US$ 1.02…
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