Kampala’s leading plush hotel, the Pearl Of Africa Hotel, is set to treat guests to sumptuous meals and experience during this Christmas period. The hotel management recently unveiled a pompous package for Christmas day and the rest of the festive season that will be crowned with a performance by Nigerian
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Uganda’s economy was generally stable in 2018. The economy continued to recover as witnessed by the decline in Non-Performing Loans and an increase in private sector credit growth. Private sector credit increased to 12.2% going by September numbers while the ratio of NPLs to total loans in the banking industry
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Makerere University’s Appointments Board has fired over 30 senior lecturers on charges of insubordination and use of abusive language, sexual assault, financial fraud, abscondment, refusal to perform official duties, inciting violence and failure to complete studies among others. Among those fired is controversial lecturer and activist, Dr Stella Nyanzi, who
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The Uganda shilling was marginally stronger on account of interbank selloff as commercial banks squared positions ahead of the end of year holidays during the week ending 21st December 2018. Trading was in the range of 3688/98. In the fixed income market, a 195billion auction was held; the effective yields
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By AFP WASHINGTON, The US government will begin a Christmastime shutdown at midnight, as Congress adjourned Friday without passing a federal spending bill or addressing President Donald Trump's demand for money to build a border wall. Operations for several key agencies will cease at 12:01 am Saturday, despite last-ditch talks
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A Kenyan military officer, one Major Chemjor, is among the South Sudan peace monitors who were detained and tortured by security personnel on Tuesday, Daily Nation reports. The Kenya Defence Forces officer was in the company of a Colonel in the Sudan Armed Forces and another in the Ethiopian army,
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The Democratic Republic of Congo's long-delayed presidential election has been postponed for another week, BBC reports. The vote, scheduled for Sunday, is now due to take place on 30 December, the Electoral Commission said on Thursday. A delay in deploying voting materials to polling sites after a fire last week
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Uganda Revenue Authority (URA) collected total tax revenue of Shs1.32 trillion in November 2018 against a target of Shs1.30 trillion, registering a gross surplus of Shs17.75 billion. According to information obtained from URA, net revenue collection for the month of November 2018 totaled to Shs1.303 trillion against a target of
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The Bank of Uganda Deputy Governor, Dr. Louis Kasekende has asked the Speaker of Parliament, Rebecca Kadaga to find an appropriate punishment for Aruu County MP, Odonga Otto for ‘exposing his wealth’. In his written response to the Speaker, Kasekende described Odonga’s documents as defamatory. “I therefore pray that you
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The Ugandan government has revised its oil volumes to 6 billion barrels, down from 6.5 billion barrels earlier reported. Addressed the media today on the latest updates in the Oil and Gas sector at Amber House in Kampala, Energy Minister, Eng Irene Muloni said that the resources in these fields
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