Banks
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Western
Livestock theft worries farmers in greater Mbarara
MBARARA, October 24, 2023 – Farmers in districts that form greater Mbarara are spending sleepless nights in the kraals guarding their animals against thieves who have invaded the area. For instance, Samson…
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Finance & Banking
Lending rates surged to 18.4 percent in August, says report
KAMPALA, October 18, 2023 – Lending rates for the shilling-denominated credit increased in August 2023 to 18.4 percent from 17.95 percent in July 2023, according to the latest Performance of the Economy…
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Cooperatives & Communities
UBC to monitor PDM implementation in Acholi
GULU, October 17, 2023 – The Uganda Broadcasting Corporation [ UBC ] has come up with an initiative to participate in the monitoring of the Parish Development Model [PDM] in Acholi Sub-region.…
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National
Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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Cooperatives & Communities
Masindi teachers told to form SACCOs at school level
MASINDI, October 6, 2023 – Sam Peter Ayebale, the Principal Education Officer of Masindi Municipality has challenged teachers in the whole of Masindi district to form Savings and Credit Cooperatives [SACCOs] at the…
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Opinions & Commentary
Diverse bank boardrooms contribute to fighting climate change
LONDON – Following the 2015 Paris agreement, achieving carbon neutrality is one of the world’s most urgent priorities. Since banks play an important role in modern financial systems by channelling funds to…
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International
US banks downgraded on worsening outlook
NEW YORK – Global ratings firm Moody’s early this week downgraded several mid-sized US banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits,…
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Northern
Handouts cripple refugees’ SACCO in Lamwo
LAMWO – The continuous giving out of hand-outs has crippled the activities of Paluda Farmers’ SACCO whose members are South Sudanese refugees. The refugees living in Lamwo district decided to form their…
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Western
Gov’t to buy bicycles for parish chiefs
KIKUUBE – Government plans to procure bicycles for parish chiefs to ease their movement as they monitor the Parish Development Model [PDM]. While launching the disbursement of PDM funds in Kikuube district…
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Eastern
URA launches e-receipt tax campaign in Mbale City
MBALE – The Uganda Revenue Authority [URA] has launched the electronic fiscal receipting and invoicing solution [EFRIS] to ease tax collection. EFRIS is an automated compliance process established by the URA which…
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