Trade
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Cooperatives & Communities
BoU awaits court decision on regulation of large SACCOs
KAMPALA, September 26, 2023 – The Bank of Uganda [BoU] will not continue with its plans to regulate large SACCOs until court rules on the case lodged by Uganda Cooperative Savings and…
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Cooperatives & Communities
Uhuru, partners launch Coop360 Network Innovations Awards 2023
KAMPALA, September 21, 2023 – The Uhuru Institute for Social Development [TUI], a social business enterprise, in partnership with other stakeholders, has launched the Coop360 Network Innovations Awards 2023 in which deserving…
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Cooperatives & Communities
Compensating coops for war losses: Gov’t blamed for not involving district leaders
LIRA, September 11, 2023 – Leaders from Lango and Bunyoro sub-regions have said the money released to cooperatives by the government as compensation for war losses was abused because district local governments…
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Cooperatives & Communities
War loss compensation: Treasurer of Lango Cooperative Union arrested
LIRA, September 7, 2023 – A top official of Lango Cooperative Union [LCU] was detained overnight at Lira Police Station for allegedly mishandling part of the Shs 6 billion that government released…
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Cooperatives & Communities
Trade committee begins probe into cooperatives over war loss money
JINJA, September 6, 2023 – Parliament’s Committee on Tourism, Trade and Industry has commenced investigations into the alleged mismanagement of government funds released to cooperative societies/unions. The investigation was ordered by Speaker…
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Cooperatives & Communities
MPs to probe cooperative unions over war reparations
KAMPALA – The Members of Parliament on the Committee of Tourism, Trade, and Industry will effective Monday next week begin investigating cooperative unions to ascertain whether the money they received as compensation…
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Cooperatives & Communities
SACCOs in Kwania, Apac gain ground as they pull civil servants
APAC – Savings and Credit Cooperative Societies [SACCOs] in Kwania and Apac districts have gained momentum, and attracted a number of civil servants such as teachers, leaving the large microfinance institutions drained…
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National
MPs endorse loan to overhaul Kampala-Malaba railway line
KAMPALA – Members of Parliament have urged government to fast-track the rehabilitation of the Kampala-Malaba metre gauge railway line to enhance trade and transport and also place the country in tandem with…
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Africa
Saudi Arabia contributes US$ 2mln towards construction of new COMESA headquarters
LUSAKA – The Government of the Royal Kingdom of Saudi Arabia has donated US$ 2 million towards the construction of a new permanent headquarters for COMESA in Lusaka, Zambia. Saudi Ambassador to…
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Cooperatives & Communities
Alebtong VSLAs get Shs 60mln soft loan from Islamic Development Bank
ALEBTONG – Islamic Development Bank has given a Shs 60 million soft loan to four village savings and loans associations [VSLAs] in Alebtong district. The money was provided through Local Economic Growth…
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