Preparations are underway for the forthcoming Uganda -Tanzania Business Forum scheduled to take place from 4th - 5th September 2019 at the Julius Nyerere International Convention Centre, in Dar es Salam - Tanzania The Business Forum will take place under the theme “Promoting bilateral trade and investment for growth and
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Gilbert Ngabo, a businessman in Katwe is in trouble for allegedly selling spare parts of stolen motorcycles. Ngabo was picked up on Tuesday evening together with five others in an operation led by Ivan Kareiga, the Commander of Katwe Police Station. The operation stemmed from complainants from various people registered
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Vipers Sports Club have confirmed the signing of forward Allan Kayiwa from Tooro United. Kayiwa was officially unveiled to his new teammates by Vipers head coach Michael Nam Ouma this morning at the club training. The tantalising forward joins Vibers from the then Fort Portal based club as a free
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Knight Frank Uganda has announced the sale of Metroplex Shopping Mall-Naalya to Gate Way Delta, a Mauritius based real estate developer. In a statement dated 25th June 2019, Marc Du Toit (in featured photo), the Head of Retail at Knight Frank, the managers of the Mall said Gate Way Delta
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The Bank of Uganda (BoU) latest report has detailed the current status of Uganda’s banking sector, showing improvement in key parameters. The Financial Stability Review for the Quarter ended 31st March 2019 shows that Uganda’s financial system stability improved over the quarter ended March 2019. Total Assets and Lending The
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Majid Al Futtaim, one of the leading shopping malls, communities, retail and leisure pioneer across Middle East, Africa and Asia, has confirmed that it will open its first Carrefour stores in Uganda before end of this year. Carrefour’s first store will be located at Oasis Mall and is expected to
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Uganda Telecom Ltd (UTL) Administrator, Bemanya Twebaze has detailed the state of affairs at Uganda’s oldest telecom firm, revealing that the company is currently indebted to the tune of Shs530bn. Uganda Telecom Limited (UTL) is an insolvent company whose shareholders are Ucom, a Libyan Government entity and Government of
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Uganda’s labour externalization industry is increasingly becoming organized in a move aimed at weeding out unscrupulous dealers that promote acts of human trafficking and fraud. Uganda Association of External Recruitment Agencies (UAERA), an umbrella body that brings together over 150 labour recruitment and exporting agencies has been at the forefront
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Uganda Revenue Authority (URA) has busted a racket of human traffickers using its state of the art scanners. The people being trafficked were bundled in wooden boxes and placed inside a container, but the scanners were able to detect them. According to a statement from URA, the time was 00:49hrs
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The Uganda shilling strengthened against a backdrop of strong inflows from commodity exporters and portfolio flows targeting the fixed income investments during the week ending 21st June 2019. Trading was in the range of 3690/3700 compared to Monday opening levels of 3715/3725. In the money market, overnight funds were priced
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