The Uganda National Meteorological Authority (UNMA) has revealed why most parts of Uganda are experiencing cold and hazy conditions. In a statement dated 4th January, 2018, UNMA Executive Director, Dr.Festus Luboyera says that the conditions have been caused by the winds blowing from the Northern Hemisphere which is experiencing winter
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Britam Holdings has become the twelfth Nairobi Securities Exchange-listed company to issue a profit warning. Profit warning is a statement issued by a company advising the stock market that profits will be lower than expected. The insurance company said on Friday that it expects a profit decline of 25 percent
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A few Ugandans have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy and distribution and earned multi-million dollar fortunes to boot. Their names don’t ring with the African public, and you’ve probably never heard about them before, but they are very successful —
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Dr. Sam Lyomoki, one of the MPs representing workers in Parliament has revealed why he is the best suited candidate to replace President Yoweri Museveni come 2021. Addressing the press at Parliament on Friday, Lyomoki, who is also a member of the ruling NRM said following the removal of the
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Following the launch of the ‘Yoola Amajja’ promotion last year, Airtel Uganda has continued to reward its subscribers in the New Year through the telecom company’s Airtel Money promotion. The promotion gives all Airtel Uganda subscribers a chance to win up to Shs2m daily. Subscribers have to make transactions on
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The Uganda Shilling started off the year on a weaker tone, undermined by strong demand from the energy and manufacturing sector. The shilling traded in the range of 3640/3650. In the fixed income market, Shs140 billion was on offer. Yields came out at 8.307%, 8.217% and 8.978% for 91, 182
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Arsenal manager Arsene Wenger has told the BBC that he has been invited by the new Liberia president George Weah to his inauguration later this month. Wenger was Weah's manager at French side Monaco between 1988 and 1992 but he is not sure he will able to attend. "I have been invited
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Facebook founder Mark Zuckerberg has pledged to dedicate the next year to fixing the social network, admitting that a barrage of scandals means it hast lost the faith of users and governments. In a New Year's message posted on Facebook, he said he would be dedicating 2018 to repairing the
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There has been an outpouring of grief and emotion on social media sites as Ugandans including leaders mourn the death of Mpalanyi Nkoyoyo, the former Archbishop of the Church of Uganda. The Church of Uganda archbishop, Stanley Ntagali said the retired Archbishop died on Friday at about 11:40am at Kampala
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Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an analysis by the Institute of International Finance. Private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey. At the same
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