Trade
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News
AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Shs 366mln renovation works begin on Mbarara City bridge
MBARARA CITY, December 9, 2024 – Renovation work on Katete Bridge in Mbarara City officially began today, almost a year after the bridge became unmotorable, hurting transportation and trade in the area.…
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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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Certification delays at UNBS stifling businesses – MPs
KAMPALA, December 5, 2024: Parliament is calling for increased funding to the Uganda National Bureau of Standards [ UNBS ] following reports of delays in certification and laxity in enforcement of standards.…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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PDM transforming lives of locals in Kapelebyong district
KAPELEBYONG, November 20, 2024 – The lives of residents in Kapelebyong district are being transformed through the Parish Development Model [PDM], a government initiative launched in February 2022. The programme is aimed…
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Leaders blamed for poor state of roads in Nebbi Municipality
NEBBI, November 10, 2024 – Residents of Nebbi Municipality are expressing frustration with local leaders over the poor condition of roads within the area. Many have criticised the municipal council for failing…
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Trade ministry official implicated in misappropriation of over Shs 9.6bln for Rwampara cooperative
RWAMPARA, November 5, 2024 – A new investigative report has implicated the Registrar of Cooperatives, Bob Barigye Bariyo, for conspiring with the cooperative’s board members to embezzle over Shs 9.6 billion that…
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Disputes Force RDC to Take Over Kakindo Grower’s Cooperative Society Limited
HOIMA, October 2, 2024 — The Hoima District Resident Commissioner [RDC] has intervened and temporarily taken control of the Kakindo Growers’ Cooperative Society Limited due to ongoing leadership conflicts. The decision to…
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AfDB supports Biashara Africa 2024 Business Forum
KIGALI, October 16, 2024 — The African Development Bank has lent support to the Biashara Africa 2024 Business Forum or AfCFTA Business Forum, held recently in Kigali, Rwanda. The meeting, organised by…
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