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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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