The value of foreign direct Investments (FDI) into Uganda grew by almost 80 percent in 2022, the bulk of the money going into oil and gas and related activities, this is according to the latest joint government report. The survey conducted by the Bank of Uganda, Uganda Investment Authority, and
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It’s time to celebrate making it through the last 365 days unscathed. 2023 has been a long year, and making it into 2024 calls for special celebration. I&M Bank Uganda has teamed up with Malembe Lifestyle, and are set to host the most exclusive New Year’s Eve party dubbed The
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Rayco was the main sponsor of Dorcus Bashema Kirabo alias Mama D/photo by Edgar Baronega A few minutes to 10am on the morning of Thursday December 28, a countdown that would get Uganda another outstanding recognition in the World Guinness Records started. Professional chef, Dorcus Bashema Kirabo alias Mama D was
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Regulated financial institutions approved loans to the private sector to a tune of 5.1Trn in three months to December 2013, the Bank of Uganda has revealed. In its quarterly State of Economy report for December 2023, the Central Bank says that the approval rate for credit in value terms decreased in
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A fuel tank truck heading to Uganda The Bank of Uganda has revealed that Uganda imported goods worth Shs8Trn between October and December 2023, which is almost double the earning Uganda made within the same period. The details are contained in the State of Economy report for December 2023, that
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Cultural leaders and cultural institutions are key influential figures and bodies that not only lead subjects but also urge people to adopt development initiatives and practices to improve their livelihoods. In appreciation of their influence and leadership, subjects and well-wishers usually make contributions to assist cultural institutions to navigate their
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Simon Peter Mundeyi, the Spokesperson for the Ministry of Internal Affairs The Directorate of Citizenship and Immigration Control (DCI) has revealed that they are stuck with more than 5,000 passports over partial details. Simon Peter Mundeyi, the Spokesperson for the Ministry of Internal Affairs said that their system shows most
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A photo montage of some of the business moments that defined 2023 By Taddewo William Senyonyi and Francis Otucu Uganda’s economy remained largely resilient in 2023 despite supply chain disruptions occasioned by the Russia-Ukraine war, regional geopolitical tensions, World Bank loan suspensions to Uganda. The Bank of Uganda (BoU) projects
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Makerere University has embarked on plans to ensure that transcripts are ready by the beginning of the one-week-long 74th graduation ceremony slated for January 29th to February 2, 2024. According to an internal memo shared by the Academic Registrar Professor Buyinza Mukadasi to the Makerere University Senate that URN has
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Toll collections from the Kampala-Entebbe Expressway have grown to Shs75 billion in 2023, up from Shs35 billion recorded in 2022. The revelation has been made by Egis Road Operations, a French company contracted by the Uganda National Roads Authority (UNRA) to maintain the Expressway. The toll operations were launched in
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