Economic growth
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News
FAO and EU launch 15mln euro project to boost sustainability of Uganda’s forestry sector
KAMPALA, April 12, 2024 – The Food and Agriculture Organisation of the United Nations [FAO] has launched a 15 million Euro [US$16.29 million] project funded by the European Union [EU] to help…
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Cooperatives & Communities
Kenya: Coffee cooperatives urged to list their debts
NAIROBI, April 2, 2024, Kenya’s Ministry of Cooperatives and Micro Small and Medium Enterprises Development has asked coffee cooperative societies in the country to list and verify their debts to help the…
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International
Developing countries paid record US$ 443.5bln on public debt in 2022-World Bank
WASHINGTON, Dec 14, 2023— Amid the biggest surge in global interest rates in four decades, developing countries spent a record US$ 443.5 billion to service their external public and publicly guaranteed debt…
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Cooperatives & Communities
AfDB, EBID sign loan agreement for US$ 50mln and € 50mln to enhance regional food security
ABIDJAN, October 6, 2023 – The African Development Bank [AfDB] and the ECOWAS Bank for Investment and Development [ EBID ] have signed an agreement for a dual currency line of credit…
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Western
Ntoroko district gets facilities for value addition
NTOROKO, September 7, 2023 – Government under the Local Economic Growth Support [LEGS] Project has constructed maize, coffee, and rice agro-processing facilities in Ntoroko district to improve on value addition. According to…
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Cooperatives & Communities
MP Atukwase launches VSLA project to get women out of poverty
MBARARA – Mbarara City Woman Member of Parliament, Rita Atukwase has rolled out a village saving and loans association [VSLA] project to help get women in her constituency get out of poverty.…
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Africa
Africa coffee exports plummet 7.2 percent
KAMPALA – Exports of all forms of coffee from Africa decreased by 7.2 percent to 1.14 million bags in May 2023 from 1.23mln bags in May 2022, says International Coffee Organisation [ICO]…
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Development
Credit risk remains high as local banks see 7.1 percent profit growth
KAMPALA-Risks for commercial bank lending in the country remain elevated due to slow credit growth, lingering concerns over asset quality, and high write-offs as banks clean up their loan book of COVID-19…
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East Africa
Nakuru County co-ops promised Kshs 1bln each year
The new Nakuru County Governor Susan Kihika has pledged to support cooperative societies with Ksh1 billion [Ushs 32 billion] every year to boost their economic activities, according to Sacco Review. Speaking at…
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News
Govt earmarks Shs 10bln for major project in Alebtong
ALEBTONG– The government has earmarked Shs 10 billion for Local Economic Growth [LEG] project in Alebtong district to support agricultural production. Under the project, the government is constructing 10.8-kilometre road from Alebtong…
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