Trade
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Refugees excited over extension of financial services to settlement
KIKUUBE, August 19, 2024 — Refugees in Kyangwali Refugee Settlement in Kikuube district are celebrating the recent extension of financial services to their area, a development they say will greatly ease their…
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Uganda fetches Shs 4.6trn from coffee exports
KAMPALA, August 19, 2024 – Uganda’s coffee exports for twelve months [August 2023-July 2024] were 6.30 million bags worth US$ 1.25 billion [about Shs 4.6 trillion] compared to 5.84mln bags worth US$…
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Coop Exchange launches EU base in Malta
VALLETA, August 17, 2024 – Fintech platform Coop Exchange recently launched an EU subsidiary in Malta during an event. The initiative forms part of Coop Exchange’s efforts to build a global network…
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Stanbic reports 3.8 percent increase in total assets
KAMPALA, August 16, 2024 – Stanbic Uganda Holdings Limited has announced that its total assets reached Shs 9.76 trillion as of June 30, 2024, marking a 3.8 percent increase from the previous…
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Fairtrade International wants small-scale farmers supported over EU deforestation regulation
KAMPALA, August 14, 2024 – Fairtrade International is calling for more financial support and clarification of the technical terms of the EU Deforestation Regulation [EUDR]. The regulation mandates that companies demonstrate that…
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Govt picks six banks for over Shs 803bln GROW project
KAMPALA, August 14, 2024 – Six commercial banks have been selected by government as it implements the World Bank funded Generating Growth Opportunities and Productivity for Women Enterprises [ GROW ] project.…
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Tourism revenue sharing: Minister asks districts to account for funds received
NWOYA, August 14, 2024 – The Minister of Tourism, Wildlife and Antiquities, Tom Butime has asked districts hosting Murchison Falls National Park to ensure that they account for the funds received as…
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Two arrested for printing and issuing counterfeit money in Lira City
LIRA City, August 13, 2024 – Two individuals are currently in detention at Lira Central Police Station for printing and distributing counterfeit money to the public. The suspects have been identified as…
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IFFs hamper Uganda’s development, economists speak out
KAMPALA, August 12, 2024 – Illicit financial flows [ IFFs ] continue to stand in the way of Uganda’s economic growth, and development, according to some economists, and policy analysts. According to…
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Wazalendo SACCO commissions commercial building in Fort Portal City
FORT PORTAL, August 12, 2024 – The Wazalendo Savings and Credit Cooperative Society [ WSACCO ] Limited has commissioned a new commercial building located on Balya Street in Fort Portal City to…
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