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Cooperatives & Communities
Kwania PDM SACCO leaders arrested over extortion
KWANIA – Police at Kwania Central Police Station are holding in custody executive members of Teduka ward PDM SACCO in Aduku town council for extorting money from beneficiaries amounting to Shs 3,150,000.…
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International
Modi urges coops to partner with government
NEW DELHI – Addressing the 17th Indian Cooperative Congress at Pragati Maidan in New Delhi on Saturday, Prime Minister Shri Narendra Modi urged cooperatives to partner with the government to realise a…
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News
Lack of funds hinders completion of Fort Portal City head office
FORT PORTAL – The construction of the headquarters of Fort Portal City Council still hangs in balance due to lack of money. In 2010, the then Fort Portal Municipal Council embarked on…
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Cooperatives & Communities
Namisindwa PDM officials arrested over extortion
NAMISINDWA – Five executive committee members of a local PDM SACCO in Namisindwa district have been arrested over allegations of extorting money from the beneficiaries of the government programme aimed at fighting…
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Cooperatives & Communities
PDM: Minister Magyezi to give statement as ghost SACCOs receive Shs 30bln
KAMPALA – The Deputy Speaker of Parliament, Thomas Tayebwa has directed the Minister for Local Government Raphael Magyezi to present a statement to Parliament on concerns surrounding the implementation of the Parish…
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Cooperatives & Communities
Ibanda: Civil servants warned over misuse of PDM funds
IBANDA – The Parish Development Model [PDM] deputy national coordinator, Jovrine Kaliisa has warned technocrats and beneficiaries of the programme, saying that any misuse of the funds, will cause them to be…
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Agriculture
Teso farmers turn to seed banks to maintain genetic diversity
SOROTI-Given the need to maintain genetic diversity and nutritional value, farmers in Teso Sub-region are working against the odds to save indigenous seeds which are facing extinction due to a rising trend…
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Finance & Banking
Housing Finance Bank Uganda eases trading as it unveils gov’t securities portal
KAMPALA-Housing Finance Bank Uganda has launched the government securities portal for customers who invest in treasury bonds and bills to help government raise funds for its development activities. In 2020, the Bank…
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Cooperatives & Communities
Mwalimu National DT Sacco to sell assets of acquired bank
NAIROBI-According to Kenyan media outlets, Spire Bank, previously Equatorial Commercial Bank [ECB] has faced financial troubles since it was acquired by the Mwalimu National DT Sacco. And now in a bid to…
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News
Govt earmarks Shs 10bln for major project in Alebtong
ALEBTONG– The government has earmarked Shs 10 billion for Local Economic Growth [LEG] project in Alebtong district to support agricultural production. Under the project, the government is constructing 10.8-kilometre road from Alebtong…
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