Economy
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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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Cooperatives & Communities
Bitter lesson as Mbale City officer refunds PDM money
MBALE-The Mbale City production officer Dr. Simon Massa has refunded Shs 8 million that was meant to pay members on the city’s Parish Development Committees [PDCs]. Dr Simon Massa, who is also…
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Cooperatives & Communities
Bulambuli: Govt asked to expedite release of PDM funds
BULAMBULI- Members of Parliament in Bulambuli district have asked government to urgently disburse parish development model [PDM] funds to the beneficiaries who are eager to implement their activities. The legislators said giving…
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Cooperatives & Communities
Lira Taxi Operators Emyooga SACCO on growth path
LIRA-Members of Lira Taxi Operators Emyooga SACCO in Lira City are reaping big from their transportation business and expect to grow as business booms. The SACCO’s business came to life after government…
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Indonesian members pass baton to Indian members to continue engagement in G20 discussions
JAKARTA-Indonesian members a few days ago passed the baton to the Indian members to continue cooperatives’ engagement in the G20 discussions under the Indian G20 Presidency. The meeting was held online under…
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News
Fort Portal City vendors decry poor hygiene in market
FORT PORTAL – Food vendors in Fort Portal City’s Kabundaire market have decried poor hygiene in that market, saying their customers now avoid the market due to the stench arising from the…
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Cooperatives & Communities
Minister Kwiyucwiny urges cooperatives to stabilise market prices
OTUKE-Cooperatives in northern Uganda have a role to play in stabilising market prices in the region by releasing a given quantity of the stored commodities to the market whenever prices seem to…
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Finance & Banking
BoU CBR spiked to 10 percent as inflation rises again
KAMPALA-The Bank of Uganda [ BoU ] has in the Monetary Policy Statement [MPS] for October 2022, raised the Central Bank Rate [CBR] to 10 percent from 9 percent previously. That followed…
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Africa
Zambia exploring ways of making co-ops self-reliant
LUSAKA-The government of Zambia is exploring ways of ensuring that cooperatives in that country are self-reliant so that they stop depending on state coffers. According to Lusaka Times, the government of Zambia…
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