Economy
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Central
Minister Babalanda warns public servants against corruption
MASAKA – The Minister of the Presidency, Milly Babalanda has warned public servants in the country against corrupt tendencies, saying they deprive citizens of their right to benefit from government development programmes.…
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Africa
Cooperative societies urge Tinubu to establish commission to boost economy
ABUJA – Cooperative societies in Nigeria have called on President Bola Tinubu’s administration to establish the Cooperative Commission of Nigeria [CCN]. According to them, if established, the commission will address the long-standing…
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Cooperatives & Communities
PDM: Gulu and Amuru residents call for translation of informational materials into Acholi dialect
GULU – Several residents of Gulu and Amuru districts in Acholi Sub-region are calling for the translation of informational materials into the Acholi dialect so that they understand the Parish Development Model…
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Cooperatives & Communities
Indonesia’s coffee exports forecast to decline
JAKARTA– Coffee exports from Indonesia in the market year 2023/24 are expected to decline by nearly one-third, reportedly due to weather-related supply shortages. The most severe shortages are expected in Robusta production,…
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International
Coops based on values can never fail, says Thakur
NEW DELHI – The President of Pan India organisation of Cooperators and Cooperatives [Sahakar Bharti], ND Thakur has said that the future of the country is safe in the hands of cooperatives…
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Finance & Banking
MPs approve over Shs 355bln loan for INVITE project
KAMPALA – Government’s request to borrow up to US $96 million [Shs 355.5bln] to finance the Investment for Industrial Transformation and Employment [ INVITE ] project has been okayed by Parliament. The…
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Cooperatives & Communities
Amolatar receives Shs 4bln PDM funds
AMOLATAR-A total of 85 Parish Development Model SACCOs [PDM SACCOs] in Amolatar district have so far received Shs 4 billion released in the first and second quarter of the current financial year.…
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Africa
South Africa signs agreement to benefit local cooperatives
JOHANNESBURG-South Africa [SA] has signed an international development cooperation agreement with the German Cooperative Raiffeisen Confederation [GCRC] to benefit local cooperatives, according to the South African Government News Agency. The agreement will…
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International
SSA growth to decelerate to 3.6 percent
WASHINGTON- Amid a global slowdown, growth in Sub-Saharan Africa [ SSA ] is expected to decelerate to 3.6 percent before rebounding to 4.2 percent in 2024 in line with a global recovery, subsiding…
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Energy & Mining
Fuel stations back in business after losing out to smugglers
ARUA-Authorised fuel stations in Arua City are back in business after Uganda Revenue Authority [URA] intensified a crackdown on the illegal sale of smuggled fuel on the city streets. The last two…
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