The EU said there was a need to put an end to dirty money infiltrating its financial system. The European Union has added 12 countries to its money-laundering blacklist, putting their financial transactions under greater scrutiny. They include Botswana, Ghana, Mauritius and Zimbabwe. Others are Bahamas, Barbados, Jamaica, Nicaragua, Panama,
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Uganda’s president has called on rich countries to cancel all of Africa’s debt to help the continent free up enough cash to fight the coronavirus pandemic. Yoweri Museveni (pictured) told United Nations delegates that only total debt forgiveness would prove that the world was interested in helping Africa fight a
Read MoreThe Uganda Shilling closed the week steady riding on the positive sentiment generated by the news of IMF disbursement of Shs1.8 trillion designed to assist the country deal with the economic effects of COVID 19. Trading was in the range of 3795/3805 during the week ending May08, 2020. In the
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The Executive Board of the International Monetary Fund (IMF) Wednesday approved a disbursement of SDR361 million (about US$491.5 million or Shs1.86 trillion) for Uganda under the Rapid Credit Facility (RCF). It will help finance the health, social protection and macroeconomic stabilization measures meet the urgent balance-of-payments and fiscal needs arising
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Former National Animal Genetic Resource Centre and Data Bank (NAGRIC & DB) boss, Dr Charles Lagu was on Friday interdicted. Lagu was remanded to Kitalya Prison after denying accusations of abuse of office, obtaining money by false pretense, causing financial loss to government and conspiracy to defraud. A fortnight ago,
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UCC donated an assortment of Personal Protective Equipment (PPE) to the national COVID-19 response effort The Uganda Communications Commission (UCC) Acting Executive Director Eng. Irene Kaggwa Sewankambo has applauded the various players in the communications sector for the various interventions towards the fight against COVID-19. “Broadcasters are supporting the information
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The fight between the Legislature and the Executive deepened on Thursday afternoon when Parliament considered and passed a motion seeking to express displeasure on what MPs call disparaging statement against Parliament by President Yoweri Museveni who blasted Parliament for using the COVID-19 crisis to award each MP Shs20m to ostensibly
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By Risha Isaac, Associate Consultant: Health Benefits, Mercer In light of the coronavirus pandemic, it has become even more critical for organizations to properly manage the impact of a disaster, whether it is a cyberattack, earthquake or a medical pandemic by protecting their employees. This will equip workers with the
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The COVID-19 pandemic has caused a 22% fall in international tourist arrivals during the first quarter of 2020, the latest data from the World Tourism Organization (UNWTO) shows. According to the United Nations specialized agency, the crisis could lead to an annual decline of between 60% and 80% when compared
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The fight against Coronavirus (COVID-19) in Uganda has been boosted by Brig. Gen John Mugyenyi, a retired senior Uganda Peoples Defence Forces (UPDF) officer, who on Monday 4th may 2020 donated a pickup truck to the COVID-19 National Task Force. This website has established that Brig. Mugyenyi delivered a brand
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