Bank of Uganda (BoU) has issued commercial banking licenses to two institutions, bringing the total number of commercial banks to 26. In a statement issued on Friday morning, the Central Bank revealed that Opportunity Bank that has been trading as a credit institution is now a commercial bank. "Bank of
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The 27th Uganda International trade Fair which started on Wednesday 2nd through Thursday 10th October 2019 at Uganda Manufacturers Association (UMA) showground, will be officially opened on 7th October 2019 by President Yoweri Kaguta Museveni as guest of honor. The trade show has attracted more foreign exhibitors from countries including
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More than half of the world’s extreme poor live in Sub-Saharan Africa. Yet, several African countries have recently made impressive gains in reducing poverty. Which countries have been able to make the most progress in reducing their extreme poverty rate, defined as the percentage of people living on less than
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Opposition kingpin, Kizza Besigye has lauded his counterpart Robert Kyagulanyi aka Bobi Wine's resolve in the face of a ban imposed on one of his symbols. Early this week, the Ugandan army announced that it was gazetting the red berets donned by Bobi Wine and his fans as military attire.
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The Uganda government does not support foreign interference in the ongoing instability in Hong Kong. In a statement of solidarity with China issued on Thursday, the government expressed 'deep concern about the current situation.' "The Government of the Republic of Uganda has noted that in the recent months the demonstrations
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Members of Parliament on the Legal and Parliamentary Affairs on Thursday attacked officials from Uganda Joint Christian Council (UJCC) for the hypocrisy exhibited by religious leaders especially during elections. This was after UJCC officials led by Executive Secretary, Fr. Constantine Mbonabingi (pictured), who were appearing before the Committee to present
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There is an outpouring of messages of get well soon and quick recovery on the Facebook timeline of Reuters Photojournalist, James Akena. This is after he posted photos of him in a wheelchair, a sad predicament he finds himself in following the barrage of canes he received from Uganda;s army,
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The report, commissioned by ICAEW and produced by partner and forecaster Oxford Economics, predicts that Africa's growth rate is set for a sluggish pace after a disruption in oil production in North Africa and with low international oil prices in Francophone Africa. The situation will be further fuelled by policy
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Uganda’s youth through the National Youth Council want the Electoral Commission to use taxpayers’ money to start funding their political campaigns on grounds that elective politics in Uganda is very expensive for them. The call was made yesterday while the Council interfaced with lawmakers on the Legal and Parliamentary Affairs
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Uganda's President Yoweri Museveni has ordered the closure of Private pharmacies in government health centres. Museveni gave the order on Wednesday saying they are bent on selling medicine their own medicine instead of prescriptions from government health centres. Below is his message I have directed the health minister to oversee
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