The Sunrise
SACCOs: Iyaledi defies the odds of a precarious industry
  “Save and Be Rich”. This is the motto of Iyaledi Savings and Credit Co-operative Organization (SACCO) located in Iyaledi trading centre in Katera Sub-county in the Eastern Uganda district of Serere. Starting with a membership of 27 people from four surrounding villages in 2007,...
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The Independent
UK banks ‘handled’ $740 mn in laundered Russian money
London, United Kingdom | AFP | Several British banks processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper said on Monday. According to documents obtained by the Organized Crime and Corruption Reporting Project, at least $20...
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The Independent
Uganda fails to gain from high tea prices
20% decline in supply at Mombasa auction in first 10 weeks of 2017 pushes prices up Prices of tea at the Mombasa Auction, the world’s second largest selling centre have been high this selling season – at US$3 per kg in the first 10 weeks of 2017 compared to US$2 …
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The Independent
RWANDA: Party of business
The Rwandan Patriotic Front’s business empire RWANDA has a reputation for enterprise. Its government has largely stamped out small-scale corruption and trimmed regulations, making the country the second-best place in Africa to do business, according to the World Bank’s widely-fol...
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The Independent
Uganda needs a caffeine fix
Insights from Vietnam’s coffee market success By: Astrid R.N. Haas Until recently Vietnam and Uganda shared a similar trajectory in the development of their coffee sectors. Today, Vietnam has emerged as the second largest coffee producer in the world. In Uganda, poor agricultural...
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The Independent
Plan to nurture African economies unites fractious G2
Baden-Baden, Germany | AFP | Ministers from the world’s top economies heralded plans to boost development in Africa on Saturday, at an otherwise fractious G20 gathering in Germany. Berlin, which holds the presidency of the powerful nations’ club this year, has made a hoped-for “C...
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The Independent
Nigerian airline lays off two-thirds of staff to cut costs
Lagos, Nigeria | AFP | Nigeria’s second largest airline Aero Contractors has laid off two-thirds of its workforce to save costs and prevent it from going under, a government agency official confirmed on Friday. The company said in a letter to employees on Thursday that it was “co...
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