British exploration firm Tullow Oil has stated that it has the financial muscle required to develop petroleum reserves in Uganda and Kenya, even after the sudden exit of its chief executive triggered a collapse of its share price. Tullow, which is in advanced stages of developing oilfields in the two
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Kampala’s leading plush hotel, the Pearl Of Africa Hotel, is set to treat guests to sumptuous meals and experience during this Christmas period. The hotel management recently unveiled a pompous package for Christmas day and the rest of the festive season. According to the package, the hotel’s state-of-the-art Market Kitchen
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The talented Ghetto Kids who were on the verge of losing their house have reason to smile. Members of Parliament heeded to the Speaker’s request to raise shs100 million for the young performers to pay off a balance on the house they purchased. The house acts as their residence and
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Are you looking forward to having a memorable 2019 Christmas experience? Do you want to end the year on a high in a thrilling environment suitable for the family? Fairway Hotel is no doubt a place to be this festive season after the hotel unveiled unmatched offers and packages that
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President Donald Trump has officially funded a Pentagon force focused on warfare in space - the US Space Force. The new military service, the first in more than 70 years, falls under the US Air Force. At an army base near Washington, Mr Trump described space as "the world's newest
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On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Ethiopia in an amount equivalent to SDR 2.1049 Billion (around 700 percent of quota or about US$2.9 billion-UShs10.6 trillion) to help
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President Yoweri Museveni has said government will soon roll out a system where farmers are supported directly by Uganda Development Bank (UDB) because high interest rates charged by commercial banks can’t make them produce commercially and sustainably. “We are also rolling out a system where farmers will be supported directly
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The Kenyan Cabinet has approved the growing of Genetically Modified cotton in the country even as confusion reigns over the 2012 ban on such crops. The move will see Kenyan farmers get access to biotech (BT) cotton that has been touted as superior to the conventional one, with experts saying
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Somalia is facing its worst invasion of locusts in 25 years, but some people are turning the desert insects into delicious meals. Local media reports show residents of Adado town, in central Somalia, frying the locusts and eating them with rice and pasta. One man said they are tastier than
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In October 2019, during the tenth Africa Forward Together (AFT) forum in Mauritius and spearheaded by Mauritius Commercial Bank (MCB), a special workshop aptly called “Meeting of Minds” session leveraged the insight and brainpower of over 35 C-level and senior banking leaders across the African region and beyond. The aim
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