Trade
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Coca-Cola unveils initiative to address water-related challenges in Africa
KAMPALA, September 16, 2024 — The Coca-Cola Company in Africa and its bottling partners Coca-Cola Beverages Africa [CCBA], Equatorial Coca-Cola Bottling Company [ECCBC] and Coca-Cola HBC are to invest nearly US$ 25…
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Over Shs 9.4bln goes missing at Rwampara Ranching Cooperative
MBRARARA CITY, September 16, 2024 – Members of the Rwampara Ranching Cooperative Society Limited in Rwampara district have petitioned the Ministry of Trade, Industry, and Cooperatives [MTIC] to investigate the disappearance of…
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SACCO Supervision Annual Report 2023 released in Kenya showing industry growth
NAIROBI, September 15, 2024 – The Kenyan Cabinet Secretary for the Ministry of Cooperatives, Micro, Small & Medium Enterprises [MSMEs], FCPA Wycliffe Ambetsa Oparanya recently released the SACCO Supervision Annual Report 2023…
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China Bridge commits to bringing innovative EPC and financing solutions to African projects ahead of AEW 2024
CAPE TOWN, September 15, 2024 — Maritime and energy firm China Bridge Energy is assessing project opportunities across Africa with a view to creating win-win collaborations and advancing the development of cost-effective…
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Parliamentary SACCO posts Shs 9.6bln in gross income
KAMPALA, September 14, 2024 — The Speaker of Parliament, Anita Among, has hailed the Uganda Parliamentary Savings and Credit Cooperative Society [Parliamentary SACCO] for its continuous expansion following a Shs 9.6 billion…
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EAC and IGAD to roll out digital integration project to boost connectivity, access and economic growth
ARUSHA, September 14, 2024 — The East African Community [EAC] and the Intergovernmental Authority on Development [ IGAD ] are set to commence implementation of the Eastern Africa Regional Digital Integration Project…
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URA weighs SACCO tax refund
KAMPALA, September 13, 2024 – There is hope that an interminable tax dispute pitting local Savings and Credit Cooperative Organisations [SACCOs] against the Uganda Revenue Authority [URA] is approaching resolution. The dispute,…
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Interest rates stable as Uganda’s exports surge to US$ 7.5bln
KAMPALA, September 12, 2024 – Commercial bank lending rates for shilling-denominated credit in Uganda averaged 17.89 percent for the year ending June 2024, a decrease from the 18.56 percent average recorded in…
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EAC central banks urged to embrace technology to facilitate cross-border financial transactions
ARUSHA, September 12, 2024 — East African Community [EAC] Partner States central banks have been called upon to embrace technology as part of efforts to facilitate cross-border payments within the EAC Common…
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GM Tumpeco explains scarcity of number plates
KAMPALA, September 12, 2024 – GM Tumpeco, Uganda’s leading manufacturer of vehicle number plates, has attributed the current scarcity of the materials to delays by the government. The company that partners with…
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