Investment
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Africa
AfDB approves US$ 3mln in additional financing for Liberia’s Special Agro-Processing Zone scheme
ABIDJANI – The Board of Directors of the African Development Bank [AfDB]Group has approved an additional $3 million of mixed financing for the Special Agro-Industrial Processing Zone project in Liberia. The financing,…
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East Africa
EAC to set up Diaspora desk to facilitate investment and trade in the region
ARUSHA – The East African Community [EAC] is setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region. EAC…
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Cooperatives & Communities
TUI Legacy Awards revitalise hopes of youth in Kiryandongo district
KIRYANDONGO – Over 120 youth under Kigya United Farmers’ Cooperative Society in Kiryandongo district are excited that their investment in quality seeds has produced positive results and are hoping to grow their…
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Development
Tayebwa makes case for diaspora bonds
CALIFORNIA-Ugandans living in the diaspora could soon begin trading in government treasury bonds. This is after Deputy Speaker, Thomas Tayebwa pledged to lead efforts to establish diaspora bonds. Tayebwa made the pledge…
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Energy & Mining
Museveni’s input included in Minerals Bill, licenses to be based on capital investment
KAMPALA– The Members of Parliament have reconsidered and passed the Mining and Minerals Bill 2022 with amendments to protect artisan miners and to elaborate the licensing requirement for mining in Uganda. The…
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Cooperatives & Communities
Amuru Sugar Works Limited: Lands Ministry moves to open boundaries
AMURU– The Ministry of Lands, Housing and Urban Development is considering opening boundaries of at least 10,000 hectares of land acquired by the government in Lakang Subcounty for the establishment of the…
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Cooperatives & Communities
Bingwa Sacco membership hits over 215,700
NAIROBI-Kenya’s Co-op News reports that Bingwa Sacco is among co-operative societies serving large numbers of members in the country, pointing to the Deposit-Taking Society’s ability to offer the best customer care that…
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Development
Legislators mesmerised by factory extracting fuel from cassava
NWOYA– Members of the Parliamentary Committee on Trade, Tourism and Industry have commended Bukona Agro Processors Ltd, a local factory in Nwoya district that is manufacturing cooking fuel out of cassava. The…
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News
Tayebwa urges German MPs to woo home investors to Uganda
KAMPALA– The Deputy Speaker of Parliament, Thomas Tayebwa has asked legislators from Germany to encourage the European country’s investors to come and invest in Uganda, saying the latter has immense investment opportunities.…
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Cooperatives & Communities
Court to rule on Mbarara Gatsby application in late June
MBARARA– An application filed on May 11, 2022, by Mbarara Gatsby Small Scale Enterprises Association Limited [MGSSEAL] seeking to join Uganda Investment Authority [UIA] in a court suit against the tenants of…
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