The Citi Foundation has announced the 50 community organizations around the world that are set to each receive $500,000 in catalytic funding as part of the 2024 Global Innovation Challenge. This year, Citi Foundation’s Global Innovation Challenge sought applications providing sustainable solutions to addressing homelessness. Habitat for Humanity was announced as the grant recipient in…
As we celebrate World Earth Day, it is imperative to reflect on our collective responsibility towards safeguarding our planet for future generations. This day serves as a poignant reminder of the urgent need to address pressing environmental issues and transition towards sustainable solutions. At Kiira Motors, we recognize the pivotal role of green mobility in…
By Wilson Manishimwe Data from the Office of Auditor General’s report indicates that domestic arrears increased from UGX 4.65Trillion in 2021 to UGX 7.55Trillion in 2022, and they keep on accumulating, despite the Finance Ministry’s Strategy to address them. Domestic arrears are generally defined as financial obligations of the Government that remain unpaid beyond the…
1. What is the Agricultural Credit Facility? The Agricultural Credit Facility (ACF) is a fund set up by the Government of Uganda (GoU) in partnership with Commercial Banks, Micro Deposit- Taking Institutions (MDIs), Credit Institutions & Uganda Development Bank Limited (collectively known as Participating Financial Institutions (PFIs)) to support farmers and projects involved in the…
In FY 2023/24, coffee exports were 6.13 million bags valued at US$ 1.144 Billion. This was an increase of 6.33% in volume and 35.29% in value compared to FY 2022/23 when exports were 5.8 million bags valued at US$846 million. Due to effective regulation by UCDA, coffee quality has greatly improved and this has resulted…
True Prosperity will be Found in the Embrace of the Digital Economy. These farmers prove it
What can be so new and surprising from two such well-established organisations, the European Union (EU) and the Uganda Coffee Development Authority (UCDA)? In short, the Matching Grant Scheme (MGS) is being implemented as one of the activities under Result 2 of the Coffee and Cocoa Value Chain Development Project (CoCoDev). And again, you might ask, what…
These are the anchors that will propel Uganda to a US$500 billion economy in the next one-and-a-half decades,” said Kasaija. Kasaija was delivering the budget speech during a plenary sitting of Parliament presided over by Speaker, Anita Among, at Kololo Ceremonial grounds on Thursday, 13 June 2024. Kasaija explained that to achieve a US$500 billion…
Absa Bank Uganda is pleased to announce the appointment of Ruth Lillian Kagabane as Compliance Director with effect from 1 November 2024. Ruth is an accomplished Banker with over 17 years of diverse experience in risk management, compliance,operations and controls. Prior to this appointment, she held the role of Head of Retail and Business Banking…
Absa Bank Uganda has announced the conclusion of a UGX 19 billion loan facility to Mogo Loans, a visionary partner transforming Uganda’s informal economy by making electric bikes accessible to commercial riders. Absa’s funding will support Mogo Loans in their mission to provide affordable loans to commercial riders, commonly known as ‘boda boda’ operators, to…
