Economic growth
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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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News
Uganda’s debt distress stresses MPs
KAMPALA– Parliament has asked government to develop mechanisms that will ensure the country returns to a low risk of debt distress. During plenary on Tuesday, MPs approved two reports of the Committee…
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Finance & Banking
Standard Chartered Bank launches Shs 970mln Youth in Agribusiness Project in Lira
LIRA-Standard Chartered Bank and Cordaid, in partnership with Youth Business International [YBI], have launched ‘Youth in Agribusiness Project’ funded by Standard Chartered Foundation to support young entrepreneurs to revive, strengthen, and build…
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News
Shock as milk coolers lie idle in Kabarole and Ntoroko districts
KABAROLE – In a bid to boost the production and marketing of milk in the country, the National Agricultural Advisory Services [NAADS] has been distributing milk cooling as well as milk handling…
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Organisations
Progress in LDCs stalled by multiple crises-ILO
NEW YORK – Economic and social progress in Least Developed Countries (LDCs) have been slowed by the impact of the COVID-19 pandemic, climate change and the continuing energy and food crises. According to…
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