Economy
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Energy & Mining
Over 100 youth in Bunyoro qualify to train as truck drivers in oil and gas sector
HOIMA– 110 youth from Bunyoro Kitara kingdom have a reason to smile after they qualified to learn to drive heavy trucks that will be used in the oil and gas sector. The…
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News
MPs call for more money to fund road maintenance in districts
KAMPALA-Members of Parliament are not happy with the delay by government to release money to the Road Fund for the maintenance of roads in various districts of Uganda. MPs were concerned that…
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Cooperatives & Communities
MSC disburses over Shs 600bln to Ugandan enterprises
LIRA– The Microfinance Support Centre [ MSC ] has in a report enumerated its successes and challenges since its inception two decades ago to be a source of cheaper loans for small…
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International
British Columbia’s co-op sector gets financial boost from government
The provincial government of British Columbia, Canada, has announced a CA$2 million [about US$ 1.6mln] investment to support the development and growth of co-operatives. The British Columbia Co-operative Association [BCCA] and its…
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Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
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International
ILO okays conclusions on the social and solidarity economy, including cooperatives
GENEVA– The International Labour Organisation [ ILO ] Conclusions on Decent Work and the Social and Solidarity Economy [SSE], explicitly including cooperatives, were approved by the Plenary of the International Labour Conference…
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Cooperatives & Communities
UAE Ministry of Economy partners with ICA-AP to boost the co-op sector
DUBAI – The Ministry of Economy of the United Arab Emirates days ago signed a co-operation agreement with the International Cooperative Alliance – through the latter’s Asia-Pacific Regional Office [ICA-AP], which aims…
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East Africa
Stanbic bank profit up by 12%
KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…
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