OWC interventions for stabilizing economic transformation of Uganda

Operation Wealth Creation {OWC} encourages and boosts farmers to concentrate on growing perennial crops like Coffee, fruits, tea among other cash crops, construction of markets, rehabilitation and construction of abattoirs.
Operation wealth creation procures and distributes inputs like Robusta coffee seedlings, diary heifers, hybrid goats, piglets, and farm tractors; pasture feed seedlings, fertilizers, chicks and rabbits, irrigation equipments and components among others. This is being done to groom the youths to involve themselves in agriculture, the backbone of the country’s economy. Operation wealthy creation is yet to start model farms on…

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Uganda’s daily fuel consumption up by 5.4m litres

By ABCafrica reporter Uganda’s Energy Ministry has stated that the country’s fuel imports in mid-September 2017 were recorded to 85m litres. The demand for the commodity had shot up growing at 7 per cent per annum. While briefing parliament on Tuesday, energy minister Irene Muloni said the 85m litres comprised of 34.6m litres of petrol, 42.5m litres of diesel, and 2.6m litres of kerosene. Jet fuel imports stood at 5m litres. The majority of the petroleum products, 92 per cent, were imported through Mombasa port in Kenya, while only 8 per…

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TerraPay launches mobile money transfers to Uganda

By Drake Nyamugabwa Ugandans in Diaspora in the UK, Canada, US, Netherlands, Kenya, Tanzania, and other countries can send remittances instantly to Airtel Money, MTN mobile money and Smart Pesa mobile money accounts. This is by visiting the nearest Terra Pay mobile network partner store. For the first time, the friends and family of the migrants can receive small value transfers frequently in their mobile wallets and avoid making several trips to agent stores, to collect money. To mark this occasion, Ambar Sur, founder and CEO of TerraPay said, “Over the last…

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AU approves $2.5M budget for Economic, Social Cultural Council

By Drake Nyamugabwa A budget to finance activities by one of the organs of African Union Commission; known as Economic, Social and Cultural Council (ECOSOCC) has been approved to finance the organ’s operations and programs. ECOSOCC is the AU organ which is responsible for Civil Society, Trade, Religious, Cultural and Diaspora. This decision was reached at during the 29th Ordinary Session of the Assembly of Heads of States of the African Union held recently in Addis Ababa Ethiopia; where delegations were drown from relevant clusters and ECOSOCC General Assembly members.…

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