Capital
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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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Cooperatives & Communities
Gulu association raids members over failure to pay loans
GULU-Leaders of Gulu Disabled Persons Union [GDPU] have raided members who have failed to meet their loan obligations. The culprits have had their fabrication workshops, and sewing machines taken over by the…
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News
“Imported” tomatoes cost West Nile Shs 15bln annually -report
ADJUMANI: Many of the tomatoes consumed in the West Nile region are procured from other regions in the country as farmers there have shunned the growing of the juicy sweet vegetables. According to…
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Cooperatives & Communities
Mpanga Growers Tea Factory to hold AGM
FORT PORTAL-The Annual General Meeting [AGM] of the shareholders of Mpanga Growers Tea Factory Limited for the year ended December 31, 2021, is to be held on December 8, 2022, according to…
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East Africa
Radical changes in the draft Co-operatives Bill
NAIROBI-Co-operative Societies will soon be allowed to sell and purchase members’ shares and trade capital instruments through a Co-operatives platform if the Cooperatives Bill 2021 is passed. If the Bill is passed…
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