Bank of Uganda (BoU) recently issued commercial banking licenses to two institutions, bringing the total number of commercial banks in the country to 26. Opportunity Bank that has been trading as a credit institution is now a commercial bank. “BoU granted the Commercial Banking (Class 1) License Certificates to Afriland
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The Petroleum Authority of Uganda (PAU), the National Environment Management Authority (NEMA) and the Ministry of Energy and Mineral Development (MEMD) together with the Project Developers for the East African Crude Oil Pipeline (EACOP) are conducting community dialogues in the ten (10) districts traversed by the EACOP project. The dialogues
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The operations of Bank of Uganda are at risk because the Central Bank is undercapitalized to a tune of UGX671.712bn. This is contained in the 2018/2019 audit report of Bank of Uganda which carries queries raised by the Auditor General’s team headed by the AG, John Muwanga. The audit report
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The shilling traded in a stable range in the week ending October 18, 2019 as mid month corporate taxes limited the demand for dollars in a tight market. Trading was in the range of 3673/3685. In the local shilling market, overnight funds quoted at 6% while one week funds traded
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Vegetables are important part of healthy eating and provide a source of many nutrients, including potassium, fiber, folate (folic acid), vitamins A, E and C. Options like broccoli, spinach, tomatoes and garlic provide additional benefits, making them a super food. For a farmer to benefit more from an acre of
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Uganda's President Yoweri Museveni has called his leading critic, musician-turned-politician, Bobi Wine, an "enemy of the country's prosperity", in an interview with the BBC. The 36-year-old, affectionately known as the "ghetto president" has been a thorn in the side of Mr Museveni since his election as MP in 2017. Bobi
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Across Africa, the majority of the population depend on agriculture as the main source of livelihood and there is an increasing interest in agricultural investment for improving agricultural productivity and rural incomes. In Uganda alone, the Agriculture sector contributes to over 70% of employment. Technology has greatly contributed in fostering
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Speaking at the Youth Konnekt Forum in Cape Verde yesterday, African investor and philanthropist, Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), charged entrepreneurs to embrace hard work, discipline and sacrifice on their entrepreneurial journey to success. He addressed over young
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The Minister of Information and Communications Technology and National Guidance, Frank Tumwebaze, has challenged ICT industry players to solve people’s day-to-day problems through modern and unique innovations. Addressing the 5th National Conference on Communications (NCC) at Makerere University on Thursday as the guest of honour, the minister gave an example
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Uganda is set to host the 8th African population conference come November, David Bahati, the State Minister for Planning, has said. Addressing journalists at Uganda Media Centre on Thursday, Bahati said that the conference will provide an opportunity for networking and knowledge sharing between researchers and policy makers on the
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