Capital
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Cooperatives & Communities
Otuke women ask govt for financial support
OTUKE, December 28, 2023 – Women under Canomia Diro Women Group that processes shea nut products in Ogor Sub-county, Otuke district have appealed to government for financial assistance, saying it would help…
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Africa
Nigeria: AfDB approves US$ 80mln for investment in knowledge zone
ABUJA, November 29, 2023 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 80 million loan to finance the Ekiti Knowledge Zone project in Nigeria. The…
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Cooperatives & Communities
VSLAs improving livelihoods of locals in Amolatar
AMOLATAR, October 18, 2023 – The Village Savings and Loans Associations [ VSLAs ] have improved the livelihoods of the beneficiaries in Amolatar district. According to officials, there are over 600 VSLAs…
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National
Oil and gas sector activities boost tax revenue in August 2023
KAMAPALA, September 22, 2023 – Tax revenue collections in August amounted to about Shs 1,990.91 billion, which was Shs 6.98 billion above the target, according to the Performance of the Economy Report…
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Cooperatives & Communities
New ICA Youth Leadership Exchange Programme aims to empower young cooperators
BRUSSELS – Five young people from Uruguay, Mexico, Ireland, Egypt and Indonesia met in Spain for a Youth Leadership Exchange Programme. The scheme forms part of a 10-day learning journey that will…
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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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International
Australian consumers benefit from mutuals keen to challenge big end of town, BCCM says
SYDNEY – The Business Council of Co-operatives and Mutuals [ BCCM ] has said the ongoing expansion by its members in the financial services sector will provide added benefits to consumers and…
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Finance & Banking
Local banks post total assets of Shs 46.1trn in 2022
KAMPALA – The Uganda Bankers’ Association [UBA] in its annual report shows the local banking industry grew its total assets by 11.2 percent to Shs 46.1 trillion in 2022 compared to Shs…
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East Africa
Commitments to Common Market Protocol bedrock of trade integration-EAC boss
ARUSHA – East African Community [EAC] Partner States’ commitments to the Common Market Protocol is the bedrock of trade integration in the bloc, EAC Secretary General, Dr. Peter Mathuki, has said. Mathuki…
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News
Help us get youth out of poverty, State House official urges journalists
KAMPALA– State House comptroller, Jane Barekye has asked journalists in Uganda to create awareness of the zonal presidential industrial hubs aimed at skilling the youth in the country to fight poverty through…
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