Finance
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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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Cooperatives & Communities
Former manager threatens to sue BKCU over salary arrears
MBARARA – Julius Tugume, the former general manager of Banyankole Kweterana Cooperative [BKCU] Limited has threatened to drag the struggling union to courts of law for allegedly defaulting on his salary worth…
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Cooperatives & Communities
Mission to rewrite World Bank Group playbook advances with Banga’s global tour
WASHINGTON —The World Bank Group yesterday a months-long global tour for new president Ajay Banga, an early step in his mission to write a new playbook for the 78-year-old institution. Between now…
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Cooperatives & Communities
PDM: Tororo district officials warned against asking for bribes
TORORO – Tororo district officials have been warned against asking for bribes from the beneficiaries of the Parish Development Model [PDM]. Albert Amula, the deputy resident district commissioner Tororo said his office…
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News
Kumi PWDs receive Shs 70mln from Gender ministry
KUMI – Fourteen groups of Persons with Disabilities [ PWDs ] in Kumi district have received Shs 70 million from the Ministry of Gender, Labour and Social Development’s National Special Grant for…
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News
Acholi entrepreneurs trained in finance and business management
GULU– Owners of small and medium enterprises [SMEs] in Acholi Sub-region have undergone training in finance and business management, which the trainers said are important for the sustainability of businesses. The two-day…
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