inflation
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News
Africa must strengthen accountability and governance to prosper – Botswana President Duma Boko
GABORONE, November 25, 2024 — Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone.…
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News
Uganda secures Shs 468bln loan from IMF
KAMPALA, March 7, 2024: The Executive Board of the International Monetary Fund [ IMF ] yesterday concluded the fifth review of Uganda’s Extended Credit Facility [ECF] Arrangement, enabling the immediate disbursement of…
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National
Private sector credit grew 1.6 percent in September 2023, says new report
KAMPALA, November 28, 2023 – The stock of total outstanding private sector credit in Uganda grew by 1.6 percent to Shs 21.17 trillion in September 2023 from Shs 20.84trn in August 2023,…
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News
Opposition finds extra Shs10trn revenue in alternative budget
KAMPALA-For the first time in Uganda, the Leader of the Opposition in Parliament, Mathias Mpuuga last Friday presented an alternative to the government’s 2023/4 budget, finding Shs10 trillion on the revenue side…
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Cooperatives & Communities
Minister Kwiyucwiny urges cooperatives to stabilise market prices
OTUKE-Cooperatives in northern Uganda have a role to play in stabilising market prices in the region by releasing a given quantity of the stored commodities to the market whenever prices seem to…
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Finance & Banking
BoU CBR spiked to 10 percent as inflation rises again
KAMPALA-The Bank of Uganda [ BoU ] has in the Monetary Policy Statement [MPS] for October 2022, raised the Central Bank Rate [CBR] to 10 percent from 9 percent previously. That followed…
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Africa
High inflation: World Bank advises African gov’ts to restore macro-economic stability and protect the poor
WASHINGTON-Global headwinds are slowing Africa’s economic growth as countries continue to contend with rising inflation, hindering progress on poverty reduction. The risk of stagflation comes at a time when high interest rates…
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International
Danish coop to replace Fakta supermarkets with discount stores
COPENHAGEN – Co-op Denmark has announced the closure of its Fakta supermarkets and merger of its Kvickly and SuperBrugsen chains, according to media agencies in Europe. The consumer co-op – one of…
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News
Help us: KACITA petitions parliament over cost of doing business
KAMPALA-Traders belonging to Kampala City Traders Association [ KACITA ] have petitioned the Deputy Speaker of Parliament, Thomas Tayebwa, on the high costs of doing business and prayed that government stops selective…
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Cooperatives & Communities
US co-ops react to passage of Inflation Reduction Act
WASHINGTON DC-Co-operatives in the USA have welcomed the recent adoption of the Inflation Reduction Act by the House of Representatives on 12 August. Passed with 220 votes to 207, the bill aims…
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