Bank of uganda
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National
MPs to engage all stakeholders on new Shs 10bln minimum capital requirement for MDIs
KAMPALA – The Committee on Finance, Planning and Economic Development will engage all stakeholders in regard to the new minimum paid-up capital requirement for Microfinance Deposit Taking Institutions [MDIs] in Uganda. Speaker…
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Northern
Farmers told to embrace new innovations at agricultural trade fair
GULU – Northern Uganda small-scale farmers were urged to embrace new innovations and technologies to respond to the emerging challenges of climate change as a regional agricultural exhibition commenced in Gulu City.…
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National
Banks moving towards meeting new paid-up capital requirement, says BoU
KAMPALA – According to Bank of Uganda [BoU], the implementation of the revised minimum paid-up capital requirements by commercial banks and credit institutions has been largely successful and remains on course. This…
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Cooperatives & Communities
Cooperative Symposium to be held in Lira City
KAMPALA – A Cooperative Symposium is to be held in Lira City on June 30, 2023, as part of the activities of the Cooperative Week that happens before the celebration of International…
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Cooperatives & Communities
Govt will revive Cooperative Bank, says minister Bahati
KAMPALA– Government is in the initial stages of reviving the Cooperative Bank, according to State Minister for Trade, Industry and Cooperatives, David Bahati. Bahati made the revelation in Kampala on Tuesday during…
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Finance & Banking
ACF: Teso farmers call for commercial banks to stick to 12 percent interest rate
SOROTI – Some farmers in Teso Sub-region have asked the Bank of Uganda to ensure that commercial banks stick to the annual 12 percent interest cap for loans taken under the Agricultural…
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Finance & Banking
Centenary Bank posts 11.4 percent growth as rivals dispute Auditor General on undercapitalisation claims
KAMPALA – Centenary Bank had its gross profit rise by 11.4 percent to Shs 321.2 billion in the year ended December 31, 2022, from Shs 288.5bln posted in 2021, the bank’s managing…
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Finance & Banking
Bunyoro farmers challenged to take advantage of ACF
HOIMA – Farmers in Bunyoro Sub-region have been urged to take advantage of the Agriculture Credit Facility [ ACF ] initiated by government to boost commercial farming in the country. Joseph Mutaka,…
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Cooperatives & Communities
Rakai farmers form own SACCO to provide cheap credit for production
RAKAI– At least 100 coffee and dairy farmers in Kacheera Sub-county in Rakai district have formed their own SACCO [Kacheera Sub-county Coffee and Dairy Farmers SACCO] to provide members with cheap loans…
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Finance & Banking
Gov’t starts payment of Shs 2.5 trn matured securities
KAMPALA– Government is to pay Shs2.5 trillion to the Bank of Uganda [BoU)]in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired…
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