The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3680/3700. In the fixed income space, yields for a 3 year and 15 year printed at 15.50% and 15:30%, indicating an inverted yield curve.
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Simon Kaheru, Communication and Public Affairs Director, Coca-Cola Beverages Africa, and the current chairperson of the Kampala Industrial & Business Park COVID-19 Task Force Kampala Industrial & Business Park COVID-19 task force has cautioned residents and operators in the area to continue observing safety precautions and Standard Operating Procedures in
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AFIC ED, Gilbert Sendugwa speaking to Stakeholders in a training at Fairway hotel Lack of information on electoral processes is failing Ugandans to make informed decisions on which leaders to vote, Africa Freedom of Information Centre (AFIC) has said. AFIC report conducted in July 2020 indicates that lack of information
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dfcu Bank’s Head Business Banking, Ronald Kasasa dfcu Bank in partnership with Deloitte Uganda recently held a webinar discussion with contractors in the power sector on how to sustainably recover the post-Covid-19 period. The discussion, which was highlighted by Selestino Babungi, Umeme Managing Director as the keynote speaker touched key
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KCB Group CEO, Joshua Oigara KCB Group will pay $40 million (UShs147.8bn) to acquire two banks in Tanzania and Rwanda in the race to deepen its presence in East Africa and rev up the contribution of subsidiaries to its profits. The lender announced on Thursday that it will acquire a
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By Charles Russon, Chief Executive Corporate and Investment Banking, Absa The ongoing COVID-19 global pandemic is likely to be one of the biggest challenges ever faced by leaders worldwide. What makes this change so exceptional is the speed of onset as well as the breadth and severity of impact. As
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Speaker Kadaga(R) in a meeting with the directors of the sugar companies Sugar companies in the Busoga region are seeking Parliament’s intervention in what they call unfair competition from sugar bonds which they accuse of unfair competition. In a meeting with Speaker Rebecca Kadaga on Wednesday, 24 November 2020, the
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By Denis Jjuuko Africa is supposed to be the next frontier — a growing population, a somewhat favourable climate, and natural resources that make the continent perhaps the richest in the world. The weather and abundance of mineral resources led to the invasion or scramble for Africa by mainly Europeans,
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Housing Finance Bank Managing Director, Michael Mugabi The Bank of Uganda (BoU) has awarded Housing Finance Bank as the best performing Primary Dealer in Uganda Government Securities for the month of October 2020. The award from BoU Governor, Prof. Emmanuel Tumusiime-Mutebile was received by Housing Finance Bank Managing Director, Michael
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Ivan Samuel Ssebadduka at CID headquarters in Kibuli. Courtesy photo Uganda's Supreme Court has jailed a former presidential aspirant for using abusive language against them, including calling them "incompetent fools". Ivan Samuel Ssebadduka was sentenced to three years in prison for contempt of court, according to local media. Mr Ssebadduka
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