President Yoweri Museveni on Saturday commissioned operations of seven small to medium manufacturing and assembly plants in Namanve Industrial Park. These set-ups are a result of deliberate measures taken to make Uganda a desirable investment destination. It is why, rather than focus on direct taxes, we stress job creation which
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Africa Code Week (ACW) 2019 has once again exceeded expectations by empowering 3.85 million youth across 37 African countries. More notably, the progressive adoption of digital skills into the school curriculum of several African countries points to the growing influence of educational initiatives such as ACW in preparing the continent's
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Kenya Airways shares have been suspended from trading on the Nairobi bourse for three months as the process of State takeover enters a crucial stage. Nairobi Securities Exchange said in a Friday morning statement that KQ had applied for the suspension. This will also see the airline’s share register closed
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Huawei's Rotating Chairman Guo Ping delivers a keynote speech At Tuesday’s GSMA Thrive event, Huawei's Rotating Chairman Guo Ping delivered a keynote speech titled "5G in a post-pandemic world: Countdown to the digital blastoff". In this speech, Guo Ping discussed the social value of ICT in combating COVID-19, as well
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Sanitizers manufactured by Rwenzori The Uganda National Bureau of Standards (UNBS) has certified sanitizers manufactured by Rwenzori Bottling Company in addition to already 38 companies producing 43 brands of sanitizers. Among these are; Saraya Manufacturing (U) Limited, Hoima Sugar Limited, Movit Products Limited, Kakira Sugar Limited, Mukwano Personal Care Products
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FDC President Patrick Amuriat The Forum for Democratic Change (FDC) has proposed the introduction of a transitional government to cater for the situation where elections don’t take place when they are constitutionally supposed to happen. The proposal was fronted by FDC President Patrick Amuriat Oboi while appearing before the Legal
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The local currency remained marginally firm against limited market activity on both demand and supply counters trading in the range of 3720/30. In the shilling interbank money market liquidity remained adequate with overnight funds quoted at 3% while one week funds at 4.3%. In other notable economic news, inflation for
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The Stanbic Purchase Managers Index (PMI) continues to reflect a slow recovery of business activities amid the coronavirus pandemic after the loosening of lockdown restrictions first announced at the end of May. The Headline PMI posted in June was 46.5, up from 41.9 in May, but still below 50.0 which
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Globally, over one billion people belong to cooperatives. The largestcooperative is the Indian Farmers Fertilizer Cooperative Limited (IFFCO) and has businesses in sectors such as rural telecoms, insurance and fertilizers, followed by Credit Agricole – a French bank as well as the largest cooperative bank in the world. In Uganda, we
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The Embassy of the Republic of Uganda to the United Arab Emirates (UAE) has successfully seen off a total of 270 Ugandan Nationals and legal residents who have been stranded in the United Arab Emirates States of: Abu Dhabi, Dubai, Sharjah, Umar Quwain, Fujairah and Ras Alkhaima following closure of
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