Private Sector
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News
Private sector credit dropped 0.7 percent in January 2024
KAMPALA, March 19, 2024 – The stock of outstanding private sector credit in Uganda reduced by 0.7 percent to Shs 21.54 trillion in January 2024, from Shs 21.70trn in December,2023, mainly explained…
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National
Civil society urges govt to clear domestic arrears
KAMPALA January 23, 2024 – The Civil Society Budget Advocacy Group [ CSBAG ] wants government to enforce mechanisms aimed at controlling the increasing domestic arrears. The CSBAG officials expressed concern that…
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Cooperatives & Communities
Partners pledge to transform global coffee sector in joint declaration
BERLIN, 19 January 22, 2024 – Set against the vibrant backdrop of Berlin’s Grüne Woche, the International Coffee Organisation [ICO], Global Coffee Platform [GCP], and German Federal Ministry for Economic Cooperation and…
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Africa
North Africa 2023: Over US$ 2bln released from AfDB for inclusive sustainable growth
CAIRO, January 11, 2024 – In 2023, the African Development Bank [AfDB] provided more than US$ 2 billion to countries in North Africa to finance a series of key operations in a…
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Cooperatives & Communities
G20 recognises role of cooperatives in accelerating sustainable development
LONDON, October 3, 2023 – Held on September 9-10, the G20 Summit in India marked the culmination of a year’s work by the ministers and other senior government officials, private sector and…
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East Africa
Drafting Constitution for the EAC Political Confederation: National consultations concluded in Kenya
NAIROBI – National consultations for Drafting the Constitution for the proposed East African Community [EAC] Political Confederation concluded in Machakos County, Kenya over the weekend. The 20-day consultations launched in Mombasa on…
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International
World Bank Group launches ‘Business Ready’ project
WASHINGTON – The World Bank Group has begun work to assess the business and investment climate in up to 180 economies under its flagship Business Ready project—a key instrument of its new strategy to…
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Market Information
Uganda’s December 2022 export earnings rose 10.7 percent
KAMPALA-Uganda’s export commodities earned the country US$ 371.81 million in December 2022, indicating an increase of 10.7 percent from US$ 335.77mln registered in the previous month, according to the latest Performance of…
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News
2023/2024 budget: Mpuuga pledges to support social protection funding drive
KAMPALA-The Leader of Opposition in Parliament [LoP], Mathias Mpuuga has committed to supporting efforts geared towards funding social protection in the 2023/2024 national budget. This was during a meeting where the Uganda…
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Finance & Banking
“We have terribly missed him” BoU boss wails in tribute to Late Prof. Tumusiime-Mutebile
KAMPALA-Staff at the Bank of Uganda [BoU] still miss former governor, the Late Prof. Emmanuel Tumusiime-Mutebile who died on January 23, 2022, according to the institution’s deputy governor Michael Ating-Ego. Atingi who…
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