Covid-19
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Cooperatives & Communities
Masaka borrowers in trouble over Shs 585mln loan
MASAKA– Authorities in Masaka city have warned youth and women that they will face the wrath of the law if they fail to repay Shs 585 million loan. Both the youth and…
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Politics
MPs agree with Museveni, scrap tax on confectionaries
MPs have passed the Excise Duty [Amendment] Bill, 2022 scrapping taxes on sugar confectionaries, sweets, gums, and chocolates. The Bill was earlier passed in March 2022 but returned to Parliament for reconsideration…
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Cooperatives & Communities
Covid-19 effects hit Kitgum cooperatives hard
KITGUM– Several cooperatives in Kitgum district are still grappling with the effects of Covid-19 pandemic, according to the members. The cooperators say that during the partial lockdown to minimise the spread of…
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News
International tourism consolidates strong recovery amidst growing challenges
MADRID-International tourism continues to show signs of a strong and steady recovery from the impact of the Covid-19 pandemic despite significant mounting economic and geopolitical challenges. According to the latest United Nations…
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News
Global hunger numbers rose to as many as 828mln in 2021-UN report
KAMPALA– The number of people affected by hunger globally rose to as many as 828 million in 2021, an increase of about 46 million since 2020 and 150 million since the outbreak…
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Cooperatives & Communities
COPAC to mark Coops Day at UN headquarters
NEW YORK– The Committee for the Promotion and Advancement of Cooperatives [COPAC] is organising an event to commemorate Coops Day as part of the Voluntary National Review Lab [VNR Lab] hosted annually…
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Cooperatives & Communities
Emyooga SACCOs to turn into cooperatives
KABALE– At least 25 Emyooga Savings and Credit Cooperatives [SACCOs] in Kigezi Sub-region are set to be transformed into cooperatives, having grown tremendously since their establishment about two years ago. The Emyooga…
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Cooperatives & Communities
URA introduces new mechanisms to collect more taxes
FORT PORTAL– In a bid to beat the target of collecting Shs 25 trillion in the next financial year 2022/23, Uganda Revenue Authority [URA] has introduced new mechanisms meant to get more…
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International
WHO warns Africa experiences shortage of donor blood requirements
KAMPALA– The World Health Organisation [ WHO ] has lamented the African region’s disproportionate number of conditions requiring donor blood, compared to other regions globally, as it impacts as many as seven million…
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News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
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