By Denis Jjuuko Mpigi town today is nondescript, a backwater town located approximately 45.8km from Kampala on the Kampala-Masaka highway. The town of almost one street is dominated by small traders, some operating in incomplete buildings or kiosks. A few branches of banks here and there. Generally, nothing much to
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Central bank gold buying continues to sizzle. When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been close to three decades since the Bank of Uganda
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Micheal K. Mugabi, the Managing Director of Housing Fiance Bank addressing the East African Banking School Conference. East African Banking School conference (EABS), organized by three prominent banking institutions in East Africa—the International Institute of Banking and Financial Services, the Kenya School of Bankers, and the Tanzania Institute of Bankers—brought together
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Jenifer Bamuturaki (2nd Right), the CEO Uganda Airlines and Adedayo Olawuyi (2nd Left), the Chief Commercial Officer at Uganda Airlines, with members of the cabin crew at the launch of the new routes Uganda Airlines has announced three new routes, expanding the national carrier’s network to 16 destinations. On September 12, 2024, the national carrier will
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The Secretary to the Treasury, Ramathan Goobi, The government has released up to 5.899 trillion Shillings for various activities in the first quarter of the 2024/25 financial year. A bulk of the funds will finance the non-wage bill with an allocation of 3.371 trillion Shillings, followed by the wage bill
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Left to right: Avunalo Eric together with Turkish National Kerim Ray who has been sentenced to a fine. The Standards Utilities and Wildlife Court has sentenced Kerim Ray, the Director of Yamani Construction Limited, to pay a fine of 200 million shillings. He was also ordered to restore the Lwajjali
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The police in Kikuube are pursuing three suspected armed robbers who raided a local bar and stole 40,000 shillings at gunpoint. The incident occurred on Saturday night in Kasambya village, Butoole Parish, Kyangwali Sub-county of Kikuube District. Information gathered by Uganda Radio Network (URN) indicates that the three robbers, dressed
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Fuel dealers in Uganda anticipate that the involvement of the Uganda National Oil Company (UNOC) as the sole importer of fuel will lead to improved pump prices. Geoffrey Elyanu, the Supplies and Distribution Manager for VIVO Energy Uganda, expressed this expectation during a media engagement that highlighted the company's readiness
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Uganda continues to enjoy the high prices Uganda Coffee Development Authority (UCDA) has revealed that the country’s coffee exports in June 2024 amounted to 667,037 60-kilo bags worth US$ 162.36 million (Shs600.87 billion). This is the highest ever earnings recorded in a single month for Uganda. According to UCDA’s monthly
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Dinah Nalubega, a lab technician at Vivo Energy Uganda explaining to journalists the several tests done on fuel products Vivo Energy Uganda, the marketer and distributor of Shell-branded fuels and lubricants in Uganda, goes through an intricate process to deliver the quality products that customers enjoy to use. On July
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