Investors
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Environment
Lack of climate adaptation investment could cost emerging markets hundreds of billions by 2030
KAMPALA – Failure to invest the bare minimum needed to withstand projected climate damage could cost emerging markets hundreds of billions in climate damages and lost GDP growth this decade, according to…
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East Africa
Cooperatives lauded as fish production in Rwanda rises
KIGALI-Fish production in Rwanda slightly increased to 43,560 tonnes in 2022 from 41,664 tonnes harvested in 2021, according to the latest report released by the country’s Ministry of Agriculture and Animal Resources…
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Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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News
Ugandan coffee ranked high as Museveni seeks to bolster European and American markets
KAMPALA – Ugandan coffee will soon find its way to the European Balkan States market following a concerted effort by President Yoweri Museveni to bolster Uganda’s trade links beyond Africa, a continent…
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Cooperatives & Communities
EKMCS installs Shs 18mln cassava milling machine
SERERE– East Kyoga Multipurpose Cooperative Society [EKMCS] has installed a cassava hammer milling machine worth Shs 18.5 million, according to Stephen Epau, the cooperative’s chairperson. Epau says the milling machine was established with…
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Energy & Mining
West Nile region in dire need of electricity
ARUA-Due to the increasing demand for electricity in the West Nile region, more than 23,000 households and businesses are not being adequately served by the 3.5 megawatts [MW] Nyagak hydropower station. According…
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Environment
Tayebwa pledges to defend Mabira Forest
BUIKWE– The Deputy Speaker of Parliament, Thomas Tayebwa has promised to fight those that have encroached on Mabira Forest, saying that those destroying the forest will face the wrath of the law.…
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Development
Experts warn investors against constructing in forests, wetlands
MBALE – Environmental experts have warned the public and investors in the country against encroaching on wetlands and forests as they establish their projects. The experts said the structures constructed in wetlands…
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International
Global gold demand up 28 percent year-on-year in Q3
LONDON-The World Gold Council’s latest Gold Demand Trends report reveals that gold demand [excluding over-the-counter trading-OTC] in the third quarter of 2022 hit 1,181 tonnes, up 28 percent year-on-year. Strong demand pushed…
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Africa
Africa Investment Forum Market Days 2022 set for early November
ABIDJANI-The third edition of the Africa Investment Market Days is fast approaching, according to its schedule. Taking place in Abidjan, Côte d’Ivoire, from November 2-4, 2022, the Africa Investment Forum [AIF2022] will…
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