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Parliamentary Sacco Assets Rise 14% to Shs 86.3bn

Parliamentary Sacco Assets Rise 14% to Shs 86.3bn

Uganda Parliamentary SACCO has registered growth in its assets base in the last financial Year 2024-2025.The SACCO current assets stands at 86.3 billion from 75.8 billion in the FY 2023/2024 representing a 14% growth.The CEO of the sacco Mureebe Methods Muhakuna revealed this during

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BoU Pushes New Credit Rules to Unlock Loans for Every Ugandan

BoU Pushes New Credit Rules to Unlock Loans for Every Ugandan

David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access credit to grow businesses, boost investments, and drive development.The Bank of Uganda has been locked in a heated debate

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Nyege Nyege kicks off amid heightened security, expanded tourism offerings

Nyege Nyege kicks off amid heightened security, expanded tourism offerings

The four-day music and culture spectacle will run through to Sunday, 23rd November, promising thousands of attendees an elevated experience.The 10th edition of the Nyege Nyege Festival kicks off today, Thursday at Adrift Uganda, on Kalagala Falls.The four-day music and culture spect

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Scientists Say They’ve Made a Pill That Could Let You Live to 150.

Scientists Say They’ve Made a Pill That Could Let You Live to 150.

They’ve been promising eternal youth since the first snake-oil salesman bottled spring water. Now a Chinese biotech startup says it might actually have the chemistry right. Lonvi Biosciences claims its new pill could stretch human life to 150 years.The Shenzhen-based company, backed by C

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UWA’s Revenue Sharing Standoff: Local Governments’ Accountability Issues Halt Funds for Communities

UWA’s Revenue Sharing Standoff: Local Governments’ Accountability Issues Halt Funds for Communities

The Uganda Wildlife Authority (UWA) has revealed that Queen Elizabeth National Park in Western Uganda is currently is stuck with One Billion, Five Hundred Million Shillings (Shs 1.5Bn) due to local governments’ failure to account for funds allocated during the financial year 2023/2024.Ea

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Kenan Yildiz on the move? Juventus fail to convince young star to sign contract extension in transfer boost for Arsenal, Chelsea and Real Madrid.

Kenan Yildiz on the move? Juventus fail to convince young star to sign contract extension in transfer boost for Arsenal, Chelsea and Real Madrid.

Kenan Yildiz’s future at Juventus is in serious doubt, with contract talks between the young Turkish forward and the club put on hold after months of negotiations. Top European giants, including Arsenal, Chelsea and Real Madrid, are now ready to move for the 20-year-old. The German-born, who jo

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China remains our ‘most irreplaceable customer,’ says CEO of US Soybean Export Council

China remains our ‘most irreplaceable customer,’ says CEO of US Soybean Export Council

China remains our “most irreplaceable customer,” said Jim Sutter, chief executive officer of the U.S. Soybean Export Council (USSEC).“We have been in China since 1982. Over the past 43 years, we’ve invested in relationship-building, training and cooperation with the Chinese industr

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Panic in Poland as residents abandon country for Spain

Panic in Poland as residents abandon country for Spain

Since Russia’s invasion of Ukraine in 2022, a growing number of Eastern Europeans - particularly Poles - have been buying homes on the Spanish mainland and the Balearic Islands, according to new property data. Figures from Spain’s College of Registrars show that Poles are increasingly favouri

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Court orders Uganda Airlines to pay former CEO Muleya Shs455 million for illegal dismissal

Court orders Uganda Airlines to pay former CEO Muleya Shs455 million for illegal dismissal

The Industrial Court has ordered Uganda Airlines to pay its former Chief Executive Officer, Cornwell Muleya, about Shs 455 million in severance pay, general damages, and other costs for wrongful dismissal.In his ruling, Justice Anthony Wabwire Musana found that Muleya’s suspension and ev

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Russia determined to remain world’s second-largest arms exporter — official

Russia determined to remain world’s second-largest arms exporter — official

The 2036 development strategy of Russia’s Rostec state corporation assumes that the country will remain the world’s second-largest arms exporter, Executive Director Oleg Yevtushenko said."This year, Rostec approved its new development strategy through 2036. The difficult situation in t

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