Hilary Onek, Minister of Refugees and Disaster Preparedness The Uganda Government is considering borrowing US$280 Million (Shs1.059Trn) from the World Bank to support refugees living in Uganda. The revelation was made by Hilary Onek, Minister of Refugees and Disaster Preparedness while appearing before Parliament’s Presidential Affairs Committee where he informed
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Kenny Fihla, Chief Executive, Corporate & Investment Banking at Standard Bank Group The African Growth and Opportunity Act (AGOA) is a pivotal agreement between the US and Africa to support and help grow African industries and markets, says Standard Bank, Africa’s biggest lender by assets. Speaking ahead of the 20th AGOA
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US President Joe Biden on October 23, 2023. PHOTO | AFP United States President Joe Biden has endorsed the extension of the African Growth and Opportunity Act (AGOA) upon its expiry in September 2025. This is after the White House urged Congress to address the matter in a timely fashion
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Uganda's year-on-year average inflation rates have steadily decreased, with the reduced price increments of onions, maize flour, and sugar over the past 12 months, ending in October 2023. According to the latest report released by the Uganda Bureau of Statistics (UBOS), the average inflation rate for the period from October
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Health Minister Dr. Jane Ruth Aceng The Ministry of Health (MOH) has revealed that the new draft bill to introduce the National Health Insurance Scheme will be re-tabled before cabinet in the next two weeks revealing that it will be mandatory for all adult Ugandans to pay. Speaking during the
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Officials exchanging signed documents Nairobi-based structured trade and project financing advisory firm, Benchmark Solutions Limited has signed a US$11.633 Million (UShs43.9bn) funding arrangement agreement with Uganda’s Mbarara Makhan Singh Market Landlords Association (Limited by Guarantee). The funds will be used to re-develop Mbarara Makhan Singh Market. The agreement was signed in Nairobi
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Uganda’s unit cost of road construction and maintenance is 30% more expensive than the other countries in East and central African regions. This is contained in a study report of the unit cost of Road construction tabled before the parliamentary committee on physical Infrastructure committee presided over by the deputy
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Minister Ruth Nankabirwa tabled the Bill The Minister of Energy and Mineral Development, Ruth Nankabirwa, has tabled the Petroleum Supply (Amendment) Bill, 2023 that seeks to regulate the importation and supply of petroleum products in Uganda. She tabled the Bill during the plenary sitting of Tuesday, 31 October 2023 chaired
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Shock As Prime Police Land Is Leased To Car Dealers Lands minister, Judith Nabakooba, conceded that government has not surveyed and titled all its land as required Members of Parliament have criticised the manner in which the Uganda Police Force (UPF) land leased to foreign entities is being utilised, saying
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Revelers officially launching the Jumia Black Friday dfcu Bank has for the second year running been announced as the Platinum Sponsor for the 2023 Black Friday campaign which will be held in partnership with Jumia Uganda. Running under the theme, "Save More Than Money", Black Friday gives Ugandan customers the
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