International Monetary and Financial Committee Chair Lesetja Kganyago and International Monetary Fund Managing Director Kristalina Georgieva (pictured) issued the following statement following yesterday’s conference call of the International Monetary and Financial Committee. “We are in an unprecedented situation where a global health pandemic has turned into an economic and financial
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The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa's economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank
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The Board of Bank of Uganda (BoU)Friday appointed Dr. Adam Mugume (pictured the Deputy Governor of BoU- in acting capacity, pending President Museveni’s decision to appoint a substitutivea deputy governor. Mugume has been Executive Director of Research for the Central Bank. The position fell vacant about three months ago after
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By Peter Nyanzi While every major global/national crisis creates problems that take a toll on some industries if not whole sectors, it also presents opportunities that savvy and shrewd individuals can tap into. Here are a few potentially lucrative post-Coronavirus prospects: 1. Financial Advisory Services The abrupt locking down of
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Government through the Ministry of Works and Transport has suspended the issuance of new driving permits as well as renewal of old ones for 30 days due to the outbreak of the Coronavirus (Covid-19) in the country. The Minister of Works and Transport Gen. Edward Katumba Wamala (pictured) says the suspension takes effect
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Government should provide protective gears to all medical workers if Uganda is to win the war against the spread of COVID-19, the Parliamentary Committee set up to oversee the activities of the government task force on COVID 19 has said. In an interview after the visit to assess preparedness of
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Watoto Church, one of the leading Pentecostal Churches in Uganda has revealed that one of its choir members tested positive for COVID-19 that is caused by Coronavirus. Pastor Julius Rwotlonyo, Associate Team Leader Watoto informed the Watoto Family that one of the adult chaperones of Watoto Children’s Choir, who returned home from
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The World Tourism Organization (UNWTO) has released its updated assessment of the likely impact of the COVID-19 on international tourism. Taking into account the unparalleled introduction of travel restrictions across the world, the United Nations specialized agency for tourism expects that international tourist arrivals will be down by 20% to
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Ecobank Uganda has received two prestigious International Organization for Standardization (ISO) certificates, Business Focus reports. These ISO certifications from the British Standards Institution (BSI) give Ecobank Uganda a competitive advantage and publicly demonstrate the bank’s legal and regulatory compliance and commitment to the prevention or reduction of large-scale process disruptions
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Rajiv Ruparelia (pictured), the Managing Director of Ruparelia Group has dismissed with contempt a fake demand notice making rounds on social media that property firm, Crane Management Services, has issued any demand notice or reminder to its tenants. Crane Management Services is one of the biggest landlords in Kampala’s prime
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