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News
Reserves managers face up to tough investment environment
KAMPALA- Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by the global think tank- Official Monetary and Financial…
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Reducing trade costs can help drive sustainable development- FAO report
Rome – A robust and well-integrated global agrifood system can help all countries withstand unprecedented challenges, as evidenced during the COVID-19 pandemic in early 2020 when global agrifood markets proved to be…
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Cooperatives & Communities
Maize farmers get Shs 100mln machines for value addition
KIKUUBE– Farmers operating under Bunyoro Tulihamu Cooperative Society and Twimuke Saving Internal Lending Community Association will now process their maize after receiving two milling machines worth Sh100 million, from the government. The…
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News
NGO trains entrepreneurs on digital economy
GULU– Pollicy, a feminist-led civic organization focused on influencing a data culture, promoting the use of shared data platforms, building analytical capacity, and advocating for digital rights and improved data, has launched the…
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News
BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
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News
Soroti district proposes to spend Shs 32.5bln in financial year 2022/2023
SOROTI– Soroti district council has approved a budget of Shs 32.5 billion to run the district for the financial year 2022/2023, up from Shs 32 bln in the financial year 2021/2022. In…
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News
AU minsters’ summit declares coffee a strategic commodity
KAMPALA – The Summit of African Union Ministers sitting in Nairobi days ago certified coffee as a key strategic commodity for the poorest yet resource-rich continent. The development would require trading in…
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News
First community greenhouse launched in Gulu City
GULU– A group of 25 local farmers in Laroo-Pece Division, Gulu City have embarked on greenhouse farming amidst the growing degradation of wetlands in the city. Obiya-Laroo Community PRELNOR Green House project…
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Cooperatives & Communities
Govt launches Shs 15bln road construction project in Kikuube district
KIKUUBE– To ease the movement of the people and their properties, the government through the Ministry of Lands, Housing and Urban Development is to upgrade six roads in Kikuube in a project…
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News
Post Bank posts 15.8 percent growth in gross profit
KAMPALA – As Post Bank continues to celebrate the milestone of getting a Tier One License from Bank of Uganda [BoU] to operate as a fully-fledged commercial bank, latest financial statistics show the…
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