Transport
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Africa
Ethiopia and AfDB Group ink US$ 84.3mln grant agreement to enhance wheat production
ADDIS ABABA – The African Development Bank Group [AfDB] has awarded grant funding totalling US$ 84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide…
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Africa
Partners express support for US$ 900mln Mauritania-Mali power line
NOUAKCHOTT – Development partners have committed to mobilize funding for a US$ 900 million multinational power transmission line between Mauritania and Mali, connecting 620,000 people to electricity. The partners made the commitment…
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Northern
URA commends Lango Sub-region for increased tax revenue in 2023
LIRA – The Uganda Revenue Authority [URA] has lauded taxpayers in Lango Sub-region for the growth in the revenue collection attained so far in the year 2023. This pronouncement was made during…
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Cooperatives & Communities
Tea growers, BKCU to hold AGMs soon
KAMPALA – Shareholders of Kayonza Growers Tea Factory [KGTF] Limited will attend the company’s 27th Annual General Meeting on July 14, 2023, according to the company secretary, Kenneth Mutabaruka. Mutabaruka in the…
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East Africa
Kenya’s Tai SACCO total assets grow to Ksh4.1bln
NAIROBI– Despite a difficult economic environment in the country, Kenya’s Tai SACCO posted an impressive financial performance in the year ended December 31, 2022, posting Ksh 4.1 billion in total assets, its…
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Development
Kikuube farmers decry poor state of roads
KIKUUBE – Farmers in Bugambe Sub-county in Kikuube district have expressed concern over the deteriorating state of roads in the area. The farmers said that deep potholes have developed on the roads,…
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Cooperatives & Communities
Fort Portal boda boda association launches safety App
Fort portal – The Fort Portal City Boda Boda Association has launched the Super Boda App to improve the safety of boda boda riders and their customers. While launching the Supper Boda App,…
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News
210 local council chairpersons receive bicycles from govt
MBARARA– A total of 210 bicycles have been handed over to Local Council I [LC I] and Local Council II [LCII] chairpersons in 24 wards and 186 villages in Mbarara City after…
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Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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Africa
Over US$1 billion worth of customs bonds executed in the north and central transport corridors
LUSAKA-Over 1,282 Regional Customs Transit Bonds, amounting to US$1 billion have been executed in the northern and central transport corridors in 2022 alone signifying a reduction in cost of transit and transport…
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