Finance
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Development
Foreign Affairs Ministry seeks Shs 6bln for post-NAM and G77+China summit activities
KAMPALA, January 17, 2024 – Parliament’s Committee on Foreign Affairs has recommended the provision of a budget line worth Shs 4 billion and Shs 2bln to the Ministry of Foreign Affairs, to…
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Africa
Multilateral development banks commit to boost collaboration on climate and development
DUBAI, December 5, 2023 – Multilateral development banks [MDBs] attending the 2023 UN Climate Change Conference [COP 28] have affirmed their commitment to a concerted, global action, including increasing co-financing and private…
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Opinions & Commentary
The Transformative Power of Innovation: Fostering Cooperative Competitiveness Through Innovation
KAMPALA, November 23, 2023 – In an era defined by rapid technological advancements and dynamic social changes, innovations stand as the driving force behind progress. Innovation awards play a pivotal role in…
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International
World Bank and Global Fund: Stronger collaboration to tackle impact of climate change on health
WASHINGTON, November 23, 2023 ― The World Bank and the Global Fund to Fight AIDS, Tuberculosis, and Malaria [the Global Fund] have signed a new Memorandum of Understanding [MoU] outlining how the two…
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Cooperatives & Communities
Bukwo SACCO applauds Fanaka Finance for offering affordable financing
BUKWO, November 21, 2023 – The management of Kapsukwar Savings and Credit Cooperative Society in Bukwo district has hailed Fanaka Finance Limited for offering appropriate and affordable loans to their cooperative, enhancing…
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Africa
AfDB approves over US$ 196mln loan to modernise railway infrastructure in Namibia
KAMPALA, November 3, 2023 – The African Development Bank Group [AfDB] has approved a loan of US$ 196.43 million for Namibia to implement the second phase of its Transport Infrastructure Improvement Project…
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Cooperatives & Communities
US to sink US$ 19.7mln in Kenya’s cooperative sector
NAIROBI, October 4, 2023 – The United States days ago outlined five new investments totaling US$19.7 million to support Kenya’s cooperative sector. Funding for the investments will be provided by the United…
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Western
Bunyoro-Kitara Kingdom tables Shs 22.5bln budget
HOIMA – Bunyoro-Kitara Kingdom intends to spend Shs 22.5 billion in the financial 2023-2024 compared to Shs 15.8bln planned for spending in the financial year 2021-2022. The budgetary estimates were presented days…
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National
Staffing woes at NAGRC& DB irk MPs
KAMPALA – Legislators on the Committee on Commissions, Statutory Authorities, and State Enterprises [COSASE] are perturbed by the staffing woes at the National Animal Genetic Resources Centre and Data Bank [ NAGRC&DB…
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Africa
Partners express support for US$ 900mln Mauritania-Mali power line
NOUAKCHOTT – Development partners have committed to mobilize funding for a US$ 900 million multinational power transmission line between Mauritania and Mali, connecting 620,000 people to electricity. The partners made the commitment…
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