Growth
-
Africa
Africa’s growth remains low, says World Bank report
KAMPALA-Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World…
Read More » -
Cooperatives & Communities
Alebtong leaders urged to mobilise SACCOs to benefit from LEGS project
ALEBTONG– The Alebtong district LC5 chairperson, David Kennedy Odongo has asked village and parish leaders to mobilise the communities to form SACCOs if they are to utilise Shs 3 billion specifically allocated…
Read More » -
East Africa
All set for 5th edition of JAMAFEST 2022 in Bujumbura
ARUSHA– Preparations are in high gear for the 5th Edition of the East African Community [EAC] Arts and Culture Festival, popularly known as Jumuiya ya Africa Mashariki Utamaduni Festival [ JAMAFEST ]…
Read More » -
Cooperatives & Communities
Egypt ready to host 13th Africa Ministerial Cooperative Conference
KAMPALA-Egypt is ready to host the 13th Africa Ministerial Cooperative Conference [AMCOO] in Cairo, according to International Cooperative Alliance- Africa [ICA-Africa]. Some of the invitations to delegates are being sent online for…
Read More » -
Development
Global economic recovery slows as risks bite in 2022
LONDON- The global economic recovery is slowing as elevated commodity prices, weakened economic sentiment, and rapid tightening of global rates take their toll, according to Dennis Shen, Director of Sovereign and Public…
Read More » -
News
Fort Portal City seeks Shs 60bln for urbanisation and climate change mitigation
FORT PORTAL – Fort Portal city authorities are targeting Shs 60 billion as part of a bigger loan which the Ugandan government is set to secure from the French Development Agency [FDA]…
Read More » -
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…
Read More » -
Cooperatives & Communities
Making 100 years: Indian Co-op Bank offers 15 percent extra dividend
GUJARAT– Gujarat-based Surat People’s Co-operative Bank crossed the business mix of Rs 9,000 cr in 2021-22 and gave 15 percent extra dividend to its shareholders on the completion of 100 years of…
Read More » -
News
Reducing trade costs can help drive sustainable development- FAO report
Rome – A robust and well-integrated global agrifood system can help all countries withstand unprecedented challenges, as evidenced during the COVID-19 pandemic in early 2020 when global agrifood markets proved to be…
Read More » -
Cooperatives & Communities
Transparency key in taxation, URA boss says
KAMPALA– Kampala – The Commissioner General of Uganda Revenue Authority [URA] John Rojoki Musinguzi has underscored the importance of transparency and information sharing in achieving revenue targets. While speaking at the Organization…
Read More »