costs
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Technology
Online tool to measure performance of One Stop Border Posts in EAC unveiled
ARUSHA – The East African Community [EAC] has unveiled an online tool to measure the performance of the 22 One Stop Border Posts [OSBPs] across the region. The EAC Secretary General in…
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Education
Construction of classroom blocks begins in four Kumi schools
KUMI-Authorities in Kumi district have launched the construction of classroom blocks in four government-aided primary schools that are overwhelmed by a high number of pupils. The primary schools to benefit include Oseera,…
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International
Coffee market eyes Brazil’s rainfall totals with cautious hope
BRASILIA-Since the beginning of September, the Arabica coffee-growing regions of Brazil have received more than 160mm of rain, bringing the rainfall total for the country’s upcoming on-year crop close to totals seen…
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Cooperatives & Communities
Ntungamo pineapple farmers cry out to gov’t as factory stops operations
NTUNGAMO-Farmers who embraced commercial pineapple growing in Itojo Sub-county and Nyamukana town council in Ntungamo are now crying to the government to help them find buyers after a local juice-processing factory failed…
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International
Energy co-ops weigh the costs of the world’s power supply crisis
LONDON– The energy crisis is forcing price hikes around the world; in the UK, millions are in fear of fuel poverty as winter looms, and many businesses are concerned about unaffordable fuel…
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Cooperatives & Communities
Coffee farming: Amuru district official urges farmers to form associations
AMURU– Amuru district agricultural office is rallying coffee farmers in the district to form associations, saying they would help in the economic transformation of the farmers’ households. Currently, the district has about…
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Cooperatives & Communities
Museveni tells security agencies to cooperate to combat cattle rustling
OTUKE- Rampant cattle thefts and the increasing cases of commercialised cattle rustling in the neighbouring districts of Karamoja Sub-region have led to an increase in daily cattle markets that security agencies say…
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Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
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Development
Kenyan SACCOs urged to develop neobanks
NAIROBI– Savings and Credit Co-operatives [SACCOs] have been urged to turn their institutions into neobanks [online banks without traditional physical branch networks], reports SACCO Review. Cynthia Wandia, the Chief Executive Officer [CEO]…
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Finance & Banking
Absa Bank Uganda profit after tax up by 169%
KAMPALA – Absa Bank Uganda had favourable business outcomes in the year 2021, despite covid-19 pandemic that hit the country. The bank on Tuesday announced a sharp profit after tax increment of…
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