Investment
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News
Bishop Kahuma urges youth to be job creators
HOIMA-The Bunyoro Kitara diocese, Rt. Rv. Samuel Kahuma has advised the youth to be Job creators rather than job seekers, saying the youth will continue to be unemployed if they resort to…
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East Africa
World Bank earmarks US$15mln to enhance digital integration in EAC
ARUSHA-The World Bank has earmarked about US$15 million [about Shs 55.5 billion] to enhance and accelerate regional digital integration efforts across the East African Community [EAC]. The Bank through its Single Digital…
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East Africa
Rwanda: IMF approves US$ 319mln loan to build resilience to climate change
KIGALI-The Executive Board of the International Monetary Fund (IMF) has approved US$ 319 million loan asked by Rwanda under the Resilience and Sustainability Facility [RSF]. According to IMF, Rwanda is the first…
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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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