Economy
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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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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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International
Co‑ops help tackle mental health issues experienced by young people-new report
LONDON– Offering Hope to Future Generations, a new report from trade body Co-operatives UK, finds that mental health, job security, career prospects, a lack of control over working lives, and climate change…
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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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