The Stanbic headline Purchasing Managers Index (PMI) posted 57.3 for the month of May, up from 54.7 in April and above the average since the survey began in June 2016.Improving business conditions were seen across all five monitored sectors which include agriculture, industry, construction, wholesale & retail and services. New
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Two foreign banking institutions have applied for licenses from Bank of Uganda, the regulator of Uganda’s banking sector to offer Islamic Banking products and services, Business Focus reports. It is understood that many existing banks in Uganda are cautious about offering Islamic Banking products because this will affect their profitability.
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President Yoweri Museveni listed the same government Bills for parliament to handle in the coming year as he did in his 2018 Address, URN reports. Museveni on Thursday delivered the State of the Nation address on the achievements made by the government in the past year, the challenges and also
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On Thursday, drama ensued at the construction site for the much publicized Lubowa International Hospital as security tried to evict the contractor, Roko Construction Company Ltd. The standoff which involved Roko Construction boss, Mark Koehler, started when Enrica Pinnetti, the boss of FINASI tried to evict the construction company from
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Uganda's President Yoweri Museveni has revealed that the country's per capita income in the last three decades has outstripped that of Europe and the USA. The president made the remarks while delivering the State of the Nation Address on Thursday at Kampala Serena Hotel. Below is his full speech His
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“..People were committing these crimes with impunity because Police had been infiltrated by criminals and people who had been compromised in some ways,” President Yoweri Museveni said during his State of the Nation Address at Kampala Serena Hotel today afternoon. The President was clearly hitting former Inspector General of Police
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Uganda’s per capita is now equivalent to USD 800, President Yoweri Museveni stated in his State of the Nation Address this afternoon. Uganda’s Gross Domestic Product per capita was last recorded at USD 666.61 in 2017. It averaged 439.43 USD from 1982 until 2017, reaching an all-time high of 666.61 USD
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The Speaker of Uganda’s Rebecca Kadaga (in featured photo) has attacked the Executive arm of Government for presenting half-baked draft bills to Parliament, noting that this behaviour has affected the mandate of the August House. Kadaga made the remarks today during the State of Nation address at Kampala Serena Hotel
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The African Union (AU) has suspended Sudan's membership days after the military launched a brutal crackdown on protesters that killed dozens of people. The AU's Peace and Security Department said in a post on Twitter on Thursday that Sudan's participation in all AU activities would be suspended with immediate effect - "until the effective establishment
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Uganda Revenue Authority (URA) has so far registered a gross revenue collection of Shs15.041 trillion in the current financial year 2018/2019, Business Focus has learnt. This represents about 89.5% of the 2018/19 tax revenue collection target. The collection registered as at 31st May 2019 is part of the total Shs16.3
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