Israeli Firm, Together Pharma Limited has reported that it made a cannabis harvest from Uganda on Tuesday, despite a government announcement that the said license had been halted. This is according to a statement released to the Tel Aviv Stock Exchange Authority Ltd, today. The Statement, which is signed by
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Last week, the Ebola virus crossed from the Democratic Republic of Congo into Uganda. Since then, the virus has not only claimed two lives, but also brought trade along the border region to a virtual halt. Businessman Penge Kiss has been importing fish for the last 15 years from Uganda
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A drastic and dramatic overhaul of African football is expected to be announced on Thursday, the eve of the kickoff of the African Cup of Nations, in the wake of corruption scandals consuming the Confederation of African Football (CAF). The CAF executive committee took a stunning decision on Wednesday to
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Speaker of Uganda’s Parliament Rebecca Kadaga has directed Frank Tumwebaze, the Minister of ICT and National Guidance and Minister of Education and Sports to put in a request of Shs1bn needed by national broadcaster, Uganda Broadcasting Corporation (UBC) to telecast the Africa Cup of Nations matches. "Minister is directed to
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• Set to open in Oasis Mall and Metroplex Kampala in the upcoming months. • Carrefour to create 300 jobs for Ugandans, prioritise local suppliers. Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across Middle East, Africa and Asia, is set to open its first Carrefour
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The controversy surrounding the alleged illegal extra printing of currency notes amounting to Shs90bn by Bank of Uganda (BoU) officials has left MPs puzzled, with a section of them (MPs) seeking the intervention of United Kingdom’s Scotland Yard to thoroughly investigate the Central Bank. Taking to the floor of Parliament
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Equity Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia as it prepares to commence operations. The Bank has appointed Hassan Maalim as the Head of the Commercial Representative Office which will be based at Kazanchis-Addis Ababa Ethiopia and is expected to be fully operational in July
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Economists and analysts have revealed that if extra illegal money is brought into an economy, it could have far reaching consequences. This comes following allegations that Bank of Uganda (BoU) officials illegally printed extra Shs90bn for their own use. Speaking exclusively to Business Focus, Dr. Fred Muhumuza, an analyst and
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The authorities in Ethiopia's capital, Addis Ababa, are banning motorbikes from the city's streets as part of an effort to reduce crime. The administration believes that a rising number of thefts are being committed by people on motorbikes. Addis Ababa Deputy Mayor Takele Uma said motorbike owners have just over
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East Africa’s highly diversified economies are growing northwards of 6% in a highly integrated regional market which is already attracting significant levels of Foreign Direct Investment (“FDI”) relative to GDP. Even before the region’s current oil and gas potentialis taken into account, Africa’s most dynamic region presents a powerful investment
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