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Tag Archives: bank accounts

Somalia closes militant group al-Shabab’s bank accounts

Mogadishu, Somalia | Xinhua | The Somali government said Saturday that it had closed 250 bank accounts belonging to al-Shabab to cut off the militant group’s funding sources. Additionally, 70 mobile money accounts of the militants were shut down as part of the government’s efforts to block their financial flow, …

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Gov’t relaxes requirement to access emyooga cash in banks

Kampala, Uganda | THE INDEPENDENT | The government has relaxed conditions that require Emyooga Savings and Credit Cooperative Societies to seek recommendations from district commercial officers before they access money on their bank accounts. In 2020/21, the government released 30 Million Shillings to each of the 18 Emyooga Savings and Credit …

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EACOP compensation: Kyotera PAPs shun bank account opening

Kyotera, Uganda | THE INDEPENDENT | More than 30 people affected by the East African Crude Oil Pipeline route in Nabigasa sub-county in Kyotera district have declined to open up bank accounts ahead of the compensation payment. New Plan Limited and Total Uganda entered a partnership with Centenary Bank to help …

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