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Global economy set for weakest run since 2008 outside of recessions
KAMPALA, June 11, 2025 –– Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according…
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Alarm as governments, companies borrow USD 25 trillion in 2024
KAMPALA, March 21, 2025 — Governments and companies borrowed USD 25 trillion from markets in 2024, which is USD 10trn more compared to the pre-COVID period, and nearly three times the amount…
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MPs quiz UPDF bosses over launch of private security services business
KAMPALA, July 8, 2024 – Members of Parliament are unsettled that Uganda People’s Defence Forces [UPDF] runs a company that offers private security services in the country, saying it is likely to…
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The Race To Map The World And Protect US$ 110 Billion Of Trade
LONDON, June 9, 2024 – The European Union Deforestation Regulation [EUDR] is a new law aimed at tackling climate change and halting biodiversity loss, threatening far-reaching consequences for over US$ 110 billion…
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Africa: Ecobank Group launches 2024 Fintech Challenge with Shs 190mln prize
LOME, June 8, 2024 – Ecobank Group which also operates in Uganda has launched the 2024 Fintech Challenge and is calling for applications from across Africa, according to a press release. This…
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Co-operative Bank of Kenya gets US$ 25mln for women-led MSMEs
NAIROBI, May 6, 2024 – The Co-operative Bank of Kenya has received a US$ 25 million long-term loan from a German fund DEG for lending to women-led micro, small and medium sized…
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Kitgum-Kidepo Road upgrade boosted with Shs 450bln loan approval
KAMPALA, May 1, 2024 – Parliament has approved a government request to borrow about 110.5 million Euros [about Shs 450 billion] from Standard Chartered Bank to finance the tarmacking of Kitgum-Kidepo Road.…
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Africa’s US$ 824bln debt burden and opaque resource-backed loans hinder its potential, AfDB boss warns
WASHINGTON, D.C, April 24, 2024 – Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth, African Development Bank President Dr Akinwumi…
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Uganda endorses new measures to improve access to justice at Commonwealth law ministers meeting
ZANZIBAR, March 14, 2024 – Commonwealth countries, including Uganda, endorsed a new set of measures at the Commonwealth law ministers meeting in Zanzibar, designed to improve people’s access to justice. The measures…
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Commonwealth law ministers meeting opens with calls for stronger action on access to justice
ZANZIBAR, March 6, 2024 – The 2024 Commonwealth Law Ministers Meeting opened in Zanzibar yesterday with calls for stronger action to ensure that access to justice becomes a reality for all 2.5…
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