Borrowers have defaulted on extra Sh82.9 billion bank loans in just four months, signalling the economic struggles that have seen the share of non-performing loans hit a 16-year high. Latest Central Bank of Kenya (CBK) data show the non-performing loans (NPLs) ratio— the proportion of loans for which no interest
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The government through the Ministry of Agriculture Animal Husbandry and Fisheries has affirmed its commitment to the production and trading of quality vanilla by announcing the harvest date to the farmers to avoid premature harvest that can ruin Uganda's market. The State Minister of Agriculture, Fred Bwino Kyakulaga while speaking
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Amen Bulwadda, the Managing Director at NSI. Water Ltd Irrigation is increasingly becoming a key requirement for farmers in light of the devastating climate change that has resulted into prolonged droughts in recent years. According to the National Irrigation Policy, Uganda's ratio of cultivated area under irrigation to the irrigation
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Minister Ngoobi concurs with his commissioner Mpakibi Waiswa. Right is Uhuru Institute's Leonard Okello and the left is Nabende Steven of Walimu Cooperative Union Plans are underway to revive the Cooperative Bank, this is according to the State Minister for Cooperatives Fred Gume Ngoobi. Speaking at the launch of national
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Dr. Wambaka explains the RAP to stakeholders BY Richard Kintu Deep secrets which forced government through the Ministry of Tourism to award Dr. Kosea Wambaka’s Strategic Friends International (SFI) the contract to do the consultancy and execution of the Resettlement Action Plan (RAP) for the source of the Nile development
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URA Tower, the tax body's head office The Uganda Revenue Authority (URA) has reminded taxpayers who applied for Withholding Tax exemptions in Financial Year 2023/2024 to meet the set conditions by June 30th 2023. On April 20, 2023, the URA issued a public notice to taxpayers who wish to benefit from withholding
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Reformed Karimojong warriors while meeting President Museveni recently. A section of local leaders in the Karamoja sub-region has disowned a group of reformed warriors who met President Yoweri Museveni at State House Entebbe. On Tuesday, a group of Karimojong Elders and Karachunas said to be reformed warriors selected from different
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Deputy Speaker Thomas Tayebwa (L) at the 63rd OACPS in Brussels, Belgium The Deputy Speaker of Parliament, Thomas Tayebwa has challenged the United Nations Security Council chiefs to create two permanent seats for African representatives in renewed calls for the organ’s restructurings. Speaking at the 63rd Organisation of African, Caribbean,
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CPAs Sserebe, Ntangaare and Mugisha explain the importance of the forthcoming forum Accountants are pushing for the full restoration of cooperatives as one way to realise faster economic growth. This is one of the outstanding recommendations that the professionals, through the Institute of Certified Public Accountants Uganda, have made to
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Minister Nankabirwa (4th Left) in a group photo with South Sudan President Salva Kiir Mayardit and other officials Uganda and South Sudan have signed a Power Sales Agreement (PSA) for trade in electricity between the two countries. Trading of electricity across the border is expected to benefit the towns of Oraba
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