The Uganda shilling held its ground on account of sagging demand as interbank market players unwound positions. Trading was in the range of 3675/3685. In the shilling interbank market, overnight funds quoted at 7% while one week funds traded at the previous level of 10%. In the fixed income market,
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By AFP Robert Mugabe, who has died aged 95, was Zimbabwe's president for 37 years. He had a long history of making colourful or controversial remarks during his nearly four decades. He was ousted in a military coup in November 2017. Here are some of them: On staying in office
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Zimbabwe's former President Robert Gabriel Mugabe is no more. Mugabe breathed his last in a Singapore hospital where he has been since April. Zimbabwe President Emmerson Mnangagwa made the announcement on Twitter. "It is with the utmost sadness that I announce the passing on of Zimbabwe's founding father and former
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Tanzania's national air carrier says it is suspending flights from the commercial capital Dar es Salaam to South Africa's biggest city, Johannesburg, which has been the scene of several days of xenophobic violence. "You are aware that there is ongoing violence in South Africa whereby the youth have taken laws
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Work on a pipeline that would transport crude oil 1,445 km (898 miles) from Uganda to Tanzania's coast has been suspended. Tullow Oil had planned to sell a stake in the $3.5bn (£2.8bn) project to state-owned Chinese firm CNOOC and French oil giant Total, but the deal collapsed last week
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Without technological constraints, more people from across Africa are free to innovate and create on the global stage; democratisation of energy is necessary to enable Africans to move into the digital age. The term ‘Democratisation of Technology’ has become synonymous with the digital age. In a nutshell, it means that
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Uganda’s Minister of Internal Affairs, Abubaker Jeje Odongo (in featured photo) has said the country's security isn't as bad as the opposition and social media critics are trying to depict it as a result of what he called a few incidences of kidnap and murder. "Security isn't bad as it
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Uganda is the safest place for any investor to inject their money and offers immense business opportunities, President Museveni has said. “If there is a place where you can easily make money, it is Uganda. The place is secure. That is why we host 1.4 million refugees from the neighbouring
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The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) identified promotion of agricultural mechanization as a strategic intervention area towards improving productivity and profitability of strategic commodity value chains. In order to ensure effective and sustainable utilization of the tractors and implements to farming communities across the country, there is
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Uganda Police Force will be mandated with licensing and regulation of motor garages across the country should Parliament include it in the proposed Traffic and Road Safety Amendment bill 2019. Appearing before the Parliamentary Physical Infrastructure Committee today, the head of traffic police, AIGP Steven Kasiima asked the Committee to insert
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