More than 30 Vanilla buying agents from Kyalhumba Sub County in Kasese District have fled with their families from angry farmers after failing to collect their payments from the big buyer, Jaysem Investments Uganda Limited. The agents are working with Kaghema Rwenzori Green Star Coffee and Vanilla Farmers’ Cooperative Society
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Bishop Tukei with some of his Christians in Soroti. The High Court in Soroti has sentenced Bishop Israel Tukei formerly of Lifeline Ministries to a fine of 2 million Shillings or imprisonment for one year. The sentence was delivered by the Soroti Senior Resident Judge, Henry Peter Adonyo on Friday.
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Two years since Uganda joined the Extractives Industry Transparency Initiative (EITI) it is yet to meet one of the most critical provisions of the initiative, that is disclosure of details of Production Sharing Agreements. EITI is an international initiative aimed at enhancing transparency in the extraction activities like mining, oil
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East African countries have registered an increase in Foreign Direct Investments (FDIs), a United Nations survey showed Thursday. Uganda, which is developing infrastructure for its crude oil resources, saw FDIs bump 31 per cent to an estimated $1.1 billion [UShs4 trillion], according to UNCTAD. Kenya’s FDI inflows went against a regional
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By Tshidi Ramogase The African Union has called the Blue Economy the “New Frontier of African Renaissance", and with good reason. As the United Nations Economic Commission for Africa has noted in a policy handbook for the Blue Economy, 38 out of the 54 African states are coastal, more than
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Stephen Chikovore, the Managing Director at UAP OLD Mutual Uganda UAP Old Mutual has registered impressive growth and a record market leadership, according to the recently released Financial Statements for the year ended 31st December 2021. Regardless of the low insurance penetration (below 1% mark for years), UAP Old Mutual is leading
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Uganda and some of its neighbours will have a hard time as a new World Bank report warns of a possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. The Global Economic Prospects Report predicts that Uganda will not escape the slowdown in
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Over 25 bishops from the Church of Uganda paid a courtesy visit to the Luzira-based giant pharmaceutical company, CiplaQCIL last week. The visit was a response to Emmanuel Katongole, the CiplaQCIL Executive Chairman’s invite. The bishops who were led by the archbishop Steven Samuel Kaziimba Mugalu were received by the
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EC Spokesperson, Paul Bukenya In preparation for the Women Councils and Committees Elections, the Electoral Commission will compile a register of willing female residents in each village throughout Uganda from today Friday June 10, 2022 to Monday June 13, 2022. According to EC Spokesperson Paul Bukenya, the purpose of the
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The value of Mobile Money transactions rose to 145.6 trillion shillings in the last six months ending March 2022. Relatedly, the value of the internet and mobile banking transfers rose by 82.8% and 146.1% respectively. This comes amidst growing concerns from the public over the safety of mobile banking and
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