Financial Institutions
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News
BoU brings financial literacy to Bushenyi, promotes inclusive economic growth
BUSHENYI, May 25, 2025 – – The Deputy Governor of the Bank of Uganda [ BoU ], Prof. Augustus Nuwagaba, has reaffirmed the central bank’s commitment to inclusive economic growth and financial…
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News
Kenya hosts conference to discuss energy transition in Africa
NAIROBI, April 8, 2025 – At a critical time for Africa’s power sector and development, the International Network on African Energy Transition [INAET] will meet in Nairobi, Kenya on April 8-9, 2025 to…
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News
Boosting irrigation: Govt earmarks Shs 560mln for Masindi farmers
MASINDI, May 22, 2024 – Government through the Ministry of Agriculture Animal Industry and Fisheries [MAAIF] has set aside Shs 560 million for individual farmers in Masindi district to purchase and use…
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News
AfDB proposes Annual Africa Media Prize to promote more balanced reporting of continent and its achievements
NAIROBI, May 11, 2024 – Akinwumi Adesina, the President of the African Development Bank [AfDB], announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents, and…
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Cooperatives & Communities
VSLAs are powerful tool for economic empowerment-MP Opolot
SERERE, February 28, 2024 – The Member of Parliament for Pingire County in Serere district, Fred Opolot has launched a scheme aimed at supporting Village Savings and Loans Associations [VSLAs] with seed…
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Cooperatives & Communities
Lira City: Minister Amongi boosts LCI SACCOs with Shs 20mln
LIRA City, February 26, 2024 – The Minister of Gender Labour and Social Development, Betty Amongi has offered financial support to Savings and Credit Cooperative Organisations [SACCOs] formed by LCI chairmen in…
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National
Banking sector remains resilient despite weak economic growth
KAMPALA, October 17, 2023 – The Ugandan banking sector remained resilient despite weak economic growth prospects, heightened inflation, and elevated geopolitical tensions, says the Bank of Uganda [BoU] in its Annual Report…
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Cooperatives & Communities
Nwoya cooperatives have scanty books of account
NWOYA– The majority of the cooperatives in Nwoya district lack proper audited books of account, something that has limited them to access loans from commercial banks and other financial institutions, district officials…
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Africa
AfDB to launch inaugural Africa’s Macro-Economic Performance and Outlook report
The African Development Bank [AfDB] Group will launch the inaugural edition of Africa’s Macro-economic Performance and Outlook [MEO] report on January 19, 2023, at its Abidjan Headquarters, according to Emeka Anuforo, the…
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News
Stagflation risk rises amid sharp slowdown in growth
WASHINGTON– Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble…
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