Uganda had lower gold exports in July The Performance of the Economy Macroeconomic Policy Department Monthly Report for August 2023 published by the Ministry of Finance has revealed that Uganda’s exports dropped by over Shs300Bn. According to the report in July 2023, Uganda exported merchandise worth US$ 569.78 million (Shs2.130Trn), thus representing a
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Internal Affairs Ministry Spokesperson, Simon Peter Mundeyi Labor exporters are illegally withholding more than 8,000 passports, the Directorate of Citizenship and Immigration Control (DCIC) has revealed. Simon Peter Mundeyi, the Internal Affairs Ministry Spokesperson, says that they have been receiving complaints from mostly women whose passports have been confiscated by labour export firms.
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The Uganda Microfinance Regulatory Authority (UMRA) has backed the directive by President Yoweri Museveni to curb the exorbitant interest rates charged by money lenders by imposing cap on the rates, saying the Authority had initially left the players to impose any rates so as to let self-regulation work in the
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The police have in custody six people for terrorizing poultry farmers and stealing their chickens in the areas of Njeru and Ssezibwa. The suspects have been identified as Lubega Muzafaru, 24, from Mbiko Njeru; Makubuya Ivan, 24, from Mbiko; Kabugho Bumari, 26, from Luwero; Isabirye Ayub, 33, a businessman from
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A motor invention is set to change the lives of rural farmers and households across Uganda offering one in three solutions including transportation, pumping water, and electricity generation. This innovative three-wheeler named “Bingwa," which means champion in Swahili, is similar to the tuk-tuk and was created by a group of
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Revelers had a nice Sunday evening Famed Congolese singer Fally Ipupa bowed out on a high with an electrifying concert at the Sheraton Gardens in Kampala, his second performance in Uganda last weekend. After delivering and leaving Arua drenched in sweat, Fally headed back to Kampala with one mission; to
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The Capital Markets Authority is intensifying the fight against crime in the capital markets industry, with the Collective Investments Scheme products as the main target. This will also be top on the agenda of the events to mark the World Investor Week 2023 that runs through October 8. CMA says
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Minister Mwebesa giving his speech Uganda and Algeria have taken a significant step to enhance their bilateral trade relations by creating a business council with the primary goal of eliminating middlemen and promoting direct trade. This announcement was made by Francis Mwebesa, the Minister for Trade and Cooperatives, during the
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Motor vehicles in a bond The Uganda National Bureau of Standards (UNBS) has said that all used vehicles imported between 23rd September and 1st November 2023 will undergo destination inspection at a cost of US$140 or its equivalent prior to their release from customs-controlled areas. In a statement dated 28th September, 2023, UNBS
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As more players enter the cryptocurrency market, mining becomes more complex and requires more computing power. As a result, many people who previously used their own equipment for cryptocurrency mining now find it unsustainable: high electricity bills and wear and tear on the equipment. Therefore, cloud mining is becoming an
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