manufacturing
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News
Banks sign partnership agreement to strengthen trade finance in Africa
RABAT, December 7, 2024 — The African Development Bank [AfDB], and the Eastern and Southern African Trade and Development Bank [TDB] have signed an agreement for a US$ 150 million Trade Finance…
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News
Afreximbank to double Creative Africa Nexus funding to US$ 2bln to boost Africa’s creative economy
ALGIERS, October 21, 2024 — President and Chairman of the Board of Directors of Afreximbank, Pro. Benedict Oramah, has announced that Afreximbank will increase its funding to the Creative Africa Nexus [CANEX]…
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News
NSSF aims to boost asset base to Shs 50 trillion by 2035
OTUKE, October 8, 2024 – The National Social Security Fund [ NSSF ] is determined to grow its assets under management to Shs 50 trillion by 2035, up from the current Shs…
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News
Economic activity in Uganda increases as BTI, PMI show positive outlooks
KAMPALA, September 24, 2024 – Economic Activity Economic activity in Uganda continued to increase following a pick-up in consumer demand, which further boosted confidence in business conditions as indicated by the Purchasing…
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News
GROW project funds misallocated, says Auditor General
KAMPALA, June 18, 2024 – Parliament’s Public Accounts Committee [PAC] has raised concerns over the utilisation of a Shs 803 billion [US$ 217 million] World Bank grant intended for the Generating Growth…
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News
Multilateral finance institutions win big at African Banker Awards 2024
KAMPALA, May 29, 2024 – The most prestigious event in the African banking calendar, the African Banker Awards Gala Ceremony 2024, took place last night at the JW Marriott Hotel in Nairobi,…
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Cooperatives & Communities
Kenya: Real estate takes biggest share of SACCO loans
NAIROBI – Land and housing consumed the largest share of loans Kenyan SACCOs issued to their members in 2022, the latest data by SACCO Societies Regulatory Authority [SASRA] shows. According to the…
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International
Indian Priti Patel elected Vice Chairperson of ICA-AP Women Committee
NEW DELHI– Indian candidate Priti Patel was days ago elected as the new Vice Chairperson of International Cooperative Alliance, Asia Pacific [ICA-AP] Women Committee. Patel won the ICA-AP elections with a whopping…
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Cooperatives & Communities
Demonstration farms help farmers appreciate value of fertilisers
GULU-A joint initiative by two fertiliser-producing companies is helping farmers in Uganda to appreciate the importance of using fertilisers to boost farm yields. Yara Fertilizer Company and Export Trading Group-ETG have collaborated…
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Development
UDB’s Shs 2.45trn helped anchor Uganda’s growth in 2021-report
KAMPALA– Uganda Development Bank [ UDB ], the country’s national development finance institution days ago released its 2021 Direct Impact [DI] Report highlighting the fundamental role that the Bank continues to play toward…
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