Financial Institutions
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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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Cooperatives & Communities
Credit unions more likely to improve financial wellbeing of members, survey dicovers
NEW YORK– A recent survey of US voters by the Credit Union National Association [CUNA] found that the sector returns billions of dollars to the members of unions and communities. Credit union…
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News
US$2bln facility geared to African banks and FIs
KAMPALA– The Africa Finance Corporation (AFC) will on Thursday this week in a webinar present the US$2billion facility to provide African banks and financial institutions [FIs] with liquidity to support Africa’s economic…
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