Trade
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Meet Alfred Bolo, a pawpaw farmer in Kenya who has deployed wasps to fight pests
NAIROBI, June 19, 2024 – Alfred Bolo is a father of two children, an agricultural officer by profession, and a practising farmer in Kwale County, Kenya. He grows over 400 pawpaw [papaya]…
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EBO SACCO in final touches to transform into MDI
MBARARA, June 19, 2024 – EBO SACCO located in Bwizibwera-Rutooma town council in Mbarara district, is in its final stages of transiting into a Microfinance deposit-taking institution [MDI] this year, having issued…
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EU pork producers afraid as China launches anti-dumping investigation into meat exports
LONDON, June 18, 2024 – China has launched an anti-dumping probe into the European Union’s pork exports, which experts fear could impact European food producers. The move follows last week’s conclusion of…
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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GROW project funds misallocated, says Auditor General
KAMPALA, June 18, 2024 – Parliament’s Public Accounts Committee [PAC] has raised concerns over the utilisation of a Shs 803 billion [US$ 217 million] World Bank grant intended for the Generating Growth…
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G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa
ABIDJAN, June 18, 2024 – G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US…
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Kapelebyong RDC reaping big from watermelon production
KAPELEBYONG, June 18, 2024 – The Resident District Commissioner [RDC] of Kapelebyong, Tom Olinga Otukol is reaping big after a thoughtful plan to invest in watermelon production. In March 2024, Olinga decided…
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Oikocredit announces US$ 10mln loan to APC to support SMEs in Africa
NAIROBI June 17, 2024 – Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million [€9.3mln] to AfricInvest Private Credit [APC] to augment support for small and medium…
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Nebbi vendors threaten to stage demonstration over uncollected garbage
NEBBI, June 17, 2024 – Over 100 market vendors in Nebbi Municipality whose businesses are being affected by the accumulated garbage at a nearby primary collection point have threatened to a stage…
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Uganda’s year-on-year coffee exports fetch Shs 4trn
KAMPALA, June 16, 2024 – Uganda’s coffee exports for the twelve months [June 2023-May 2024] totaled 6.02 million bags worth US$ 1.07 billion [about Shs 4 trillion] compared to 5.73mln bags worth…
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