Surge in infections linked to upcountry travel during the festive season Rwanda has banned public and private transport between districts and the capital, Kigali, after the rate of coronavirus infections reached alarming levels, health officials have said. Domestic and international tourists can still travel across the country, but must carry
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BoU Governor Prof. Emmanuel Tumusiime-Mutebile Risks to the economic outlook in the near term have brightened with the progress on the Covid-19 vaccines, signs of recovery in private demand and the additional boost to growth expected from fiscal policy, according to the Bank of Uganda Monetary Policy Report December 2020 “The
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Finance Minister Matia Kasaija has severally appeared before Parliament to seek approval for borrowing Uganda’s total public debt increased by 21.7 percent in FY2019/20, the Bank of Uganda (BoU) Monetary Policy Report for December 2020 has revealed. According to the report, external debt increased from US$ 8.35 to US$ 10.45 billion,
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Jack Ma has been replaced as a judge on Africa's Business Heroes One of China's richest men has gone missing from the talent show he created. Jack Ma, who is reportedly worth just shy of $50billion (£36billion), has been replaced as a judge in the final of Africa’s Business Heroes.
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Uganda consolidated its position as the biggest roaming market for Kenyan mobile operators in the three months to September, new data by the regulator shows, buoyed by travel restrictions between the two key trading partners. Statistics by the Communications Authority of Kenya (CA) shows that voice calls from Uganda totalled
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Eng.Silver Mugisha, the NWSC Managing Director National Water and Sewerage Corporation (NWSC) has promised to end the perennial water shortages in Kampala, Wakiso and Mukono by March 2021, blaming the water crisis on the COVID-19 pandemic that hampered the contractor from completing the Katosi Water Treatment Plant in Mukono on
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The Capital Markets Authority (CMA) has cautioned the public that the so called “gifting club” operating via social media is actually a pyramid scheme that is doomed to collapse and offer nothing in return to several participants. The prospective investors have been promised gifts worth sh2,000,000 which is 10 times their
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, has opened applications on its TEFConnect digital platform (www.tefconnect.com) for the entrepreneurship program of 2021. Applications for TEF 2021 went live on January, 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale
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By Christopher Mulindwa There must be some people thinking about setting up commercial pig farming businesses in the new year 2021. Starting this week, we will go through a step by step process of setting up a commercial pig enterprise considering the three levels; 1. Smallholding, 2. Medium-holding and 3.Large-holding.
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URA will continue to carry out enforcement against anyone found in contradiction of the DTS laws and regulations In a recent enforcement operation, Uganda Revenue Authority (URA) enforcement officers received intelligence information about a motor vehicle headed city-wards to deliver unstamped gin. The URA team lured the vehicle by fronting
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