Bank of Uganda has been asked to produce all procurement files relating to purchases made for its golden jubilee celebrations. The demand was made by Parliaments Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) in a meeting with Central Bank officials led by the Deputy Governor Louis Kasekende. The
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Crude production data for June shows Russia remains the world's largest oil producer, according to the Joint Organizations Data Initiative (JODI). Russia produced 10.36 million barrels per day (bpd) during the month, while Saudi Arabia pumped slightly above 10 million bpd. The volume of production in Russia, according to the
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Adult HIV prevalence in Uganda is higher among women at 7.5% compared to 4.3% among men, a latest survey about the state of HIV in Uganda indicates. It was also higher among residents of Urban areas (7.1%) compared to 5.5% in rural areas. The Uganda Population HIV Impact Assessment (UPHIA)
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The number of South Sudanese refugees in Uganda hit one million on Thursday, the United Nations said, as hundreds of desperate families pour across the border every day seeking a haven from the civil war. The conflict in South Sudan has created Africa's biggest refugee crisis since the 1994 Rwandan
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The Forum for Democratic Change (FDC) Secretary General, Nathan Nandala Mafabi, says he will thwart any attempts to skew party presidential elections in favour of any of the candidates in the race. FDC president Mugisha Muntu, who defeated Nandala in the 2012 elections, is the race to retain the top
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Justine Bagyenda, the Executive Director in charge of Supervision at Bank of Uganda (BoU) has been on the hot seat since the controversial takeover of Crane Bank by Uganda’s Central Bank in October last year. She has been accused of sleeping on her job as the then 4th largest bank
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Africa’s richest man, Aliko Dangote, plans to invest $20 to $50 billion (about UShs180 Trillion) in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5
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Barring a recent slowdown, Uganda has achieved robust economic growth over the past decade; with positive per capita GDP and a higher average growth rate than that for sub-Saharan Africa (Figure 1). Whilst, this positive economic performance is mostly attributed to domestic factors such as sound macroeconomic policies and strengthened
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Uganda Revenue Authority (URA) has spoken out on reports that it is withholding the new Cancer Machine over Shs7m tax. Reports have been circulating on social media after Uganda Cancer Institute failed to unveil the machine toady as it had earlier been communicated. In a statement dated August16, 2017, URA
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Raila Odinga, the leader of Kenya's opposition alliance Nasa has announced that he will challenge the results of the disputed presidential election in the Supreme Court. "We have now decided to move to the Supreme Court to lay bare to the world the making of a computer-generated presidency," Odinga said
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