Blog / News

11 August 2026
IsDBI secures Singapore patent for smart market stabilisation system

JEDDAH, August 11, 2026 — The Islamic Development Bank Institute [ IsDBI ] has secured a patent from the Intellectual Property Office of Singapore [IPOS] for its Smart Stabilisation System, a digital infrastructure designed to address supply and demand imbalances in asset markets. The patent, granted on July 10, 2026 under Singapore Patent No. 10202250873B, …

11 August 2026
US: Cooperative Ventures invests in OpenTug to advance agricultural logistics innovation

NEW YORK, August 11, 2026 — Cooperative Ventures, a leading US agricultural cooperative investment organisation, has announced an investment in OpenTug, an AI-native logistics technology company transforming inland and coastal marine transportation. Cooperative Ventures is a joint venture between CHS Inc. and GROWMARK that focuses on investing in agtech start-ups and developing mutually beneficial commercial …

11 August 2026
African Catholic leaders adopt Addis Ababa Declaration to strengthen Catholic education

 ADDIS ABABA, August 11, 2026— Catholic bishops, educators, university and school leaders from across Africa and Madagascar have adopted a declaration calling for major reforms and increased investment in Catholic education, including stronger safeguarding, greater access for vulnerable communities and responsible use of artificial intelligence. The Addis Ababa Declaration on Catholic Education was adopted on …

10 August 2026
Cut lending rates for manufacturers to boost industrial growth, minister urges banks

KAMPALA, August 11, 2026 — State Minister for Trade David Bahati has urged commercial banks in Uganda to reduce lending rates for manufacturers to enable the sector to grow. Bahati said the gap between manufacturers’ rates of return and the cost of borrowing makes it difficult for businesses to expand. He said manufacturers’ rates of …

10 August 2026
Madi leaders call for revival of defunct cooperative union

ADJUMANI, August 11, 2026 — Leaders in the Madi Sub-region have called on the Government of Uganda to revive the Madi Cooperative Union, which they say has remained largely inactive for decades following years of civil unrest, destruction of assets and poor management. The call was made during a recent visit to the region by …

10 August 2026
BoU launches FX swap curve to boost transparency in forex market

KAMPALA — August 10, 2026 — The Bank of Uganda [BoU] has launched the Uganda Foreign Exchange [FX] Swap Curve, a new financial market benchmark aimed at improving pricing transparency and supporting the development of the country’s foreign exchange market. The central bank said the curve, published for the first time, provides a reference for …

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