Market Information
latest market news and reviews
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Trade ministry asked to explain cause-of-low prices of cotton in the country
KAMPALA, February 1, 2024 – Members of Parliament have asked the Ministry of Trade, Industry and Cooperatives [MTIC] to explain the cause of the low prices of cotton, and other cash crops,…
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BoU, DPF to start paying EFC Uganda depositors next week
KAMPALA, January 24, 2024 – Depositors of EFC Uganda are to be paid by the Bank of Uganda [BoU] and the Deposit Protection Fund of Uganda [DPF] after the lender had its…
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Mbale City leaders start monitoring of PDM progress
MBALE, January 23, 2024 – The Leaders in Mbale City have started visiting the Parish Development Model [PDM] beneficiaries to assess how far the beneficiaries have gone with the projects selected for…
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Nigerian lender to acquire 80 percent stake in Finance Trust Bank
KAMPALA, January 23, 2024 – Nigerian business group, Access Holdings has announced that its flagship subsidiary, Access Bank PLC (Access Bank) has entered into a definitive agreement with Uganda’s Finance Trust Bank…
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Investor Patel acquires 1.29 stake in Co-operative Bank of Kenya
NAIROBI, January 22, 2024 – Kenyan tycoon Baloobhai Patel has acquired a 1.29 percent stake in Co-operative Bank of Kenya after buying an extra 20.5 million shares worth Ksh 232mln. Patel, whose…
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USDA awards nearly US$10mln in organic market development grants
NEW YORK, January 18, 2024 – The United States Department of Agriculture [USDA] through its Agricultural Marketing Service [AMS] days ago announced that US$ 9.75 million has been awarded to 10 grant…
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Uganda’s export earnings dropped 10.7 percent in November 2023
KAMPALA, January 18, 2024 – Uganda’s export receipts during November 2023 fetched the country US$ 615.05 million, a 10.7 percent decline when compared to the US$ 688.69mln the country earned in October…
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Coffee exports from Africa dropped 13.5 percent in November 2023
KAMPALA, January 4, 2024 – Exports of all forms of coffee from Africa decreased by 13.5 percent to 1.01 million bags in November 2023 from 1.16mln bags in November 2022, according to…
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Annual coffee exports earn Uganda US$ 958.6mln
KAMPALA, DECEMBER 20, 2023 – Uganda’s coffee exports for the twelve months [December 2022- November 2023] totaled 6.13 million fetching the country about US$ 958.6mln compared to 5.8mln bags worth US$ 883.3mln…
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