The Stanbic Purchase Managers Index (PMI) for August posted a slight decline in its headline registering 57.5 in August, down from the reading of 58.2 in July. However, the PMI still scored above the average since the survey began in June 2016. The survey, sponsored byStanbic Bank and produced by
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The Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile has revealed that the Central Bank has stepped up efforts to address weaknesses that led to the most recent commercial bank failures. “Although bank supervision and regulatory structures broadly follow international best practices, BoU has stepped up the strengthening of commercial
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Uganda Revenue Authority (URA) Tuesday 3rd September, 2019 launched this year’s Taxpayers Appreciation Month (TPAM) that will focus on the Small and Medium Enterprises (SMEs). TPAM involves a series of serialized activities to appreciate and recognize taxpayers. The theme for this year is “Every Taxpayer Counts”. Addressing journalists at URA
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The Registrar General Uganda Registrations Services Bureau (URSB), Mr Bemanya Twebaze has been elected President of the World Intellectual Property Organization (WIPO) Advisory Committee on Enforcement at its 14th session WIPO Advisory Committee on Enforcement in Geneva, Switzerland. Bemanya who was elected on Monday will be assisted by Ms. Elizabeth
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Kenya's Finance Minister Ukur Yatani has announced a three-year freeze in hiring civil servants as a way of reducing the country's wage bill, The Star newspaper reports. Mr Yatani, who took office in June after his predecessor was charged with corruption, said there will also be funding cuts for other
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Kenya’s horticulture farmers have for long lived in fear of their products being rejected by the European market. They exercise caution in every step of production and for a good reason as Kenyan produce has in many instances been blocked from accessing the European market. In some cases, the European
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The Speaker of Parliament, Rebecca Kadaga has asked Ugandans in the Diaspora not only to support the recently re-launched national airline but also to be its goodwill ambassadors. Uganda Airlines started its commercial flights this week with the first destination to Jomo Kenyatta International Airport, Kenya after more than a
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In September 2018, Jennifer Musisi, the then Executive Director, KCCA at Kampala Capital City Authority (KCCA) unexpectedly announced resignation from the fatty job. It was shocking because President Yoweri Museveni had just renewed her four-year contract, having first been first appointed in that position in 2011. Consequently, Eng. Andrew Kitaka
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Japan will extend support worth 2.45billion yen (Shs85 billion) towards traffic control in the Kampala fly-over project and another 260million Yen (Shs9 billion) support through UNIDO for the construction of a training facility for maintenance work of construction machinery in Luwero as well as support towards improved agriculture production for
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It was perhaps one of the few investor briefings without investors. It was Kenya Airways’ investor briefing. Shareholders were less interested. Save for a few banks keen on salvaging their money from the troubled airline, other shareholders generally gave the occasion a wide berth. But it was a big day
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