Capital
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News
Dokolo journalists’ association gets Shs 1mln capital boost
DOKOLO, February 19, 2024 – Dokolo Media Association in Dokolo district has received Shs 1 million to boost the capital, and livelihoods of its members who are mainly journalists. The money was…
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National
BoU, DPF to start paying EFC Uganda depositors next week
KAMPALA, January 24, 2024 – Depositors of EFC Uganda are to be paid by the Bank of Uganda [BoU] and the Deposit Protection Fund of Uganda [DPF] after the lender had its…
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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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