Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda. Tullow confirmed earlier Thursday that their Sale and Purchase Agreements (SPAs) deadline had passed. The Ministry’s Permanent Secretary, Robert Kasande in a statement
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Members of Parliament have urged government to learn from the Netherlands and build the capacity of farmers in a bid to transform the agricultural sector. The delegation led by Lyandro Komakech made this call following visits to agriculture equipment companies and farms in Netherlands on the sidelines of the 2019 Uganda Netherlands Business Convention.
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TheWorld Health Organization (WHO) has asked Kenyans and East Africans to be vigilant against a fake antibiotic in circulation in the market. The WHO said that fake versions of Augmentin are in circulation in some pharmacies in Kenya. It also said they could be found in Uganda. Augmentin is a
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Parliament has granted Igara County East MP, Micheal Mawanda, leave to introduce a private member’s bill that seeks to amend Article 161 of the Constitution to remove the Governor and Deputy Governor Bank of Uganda from serving as chairperson and deputy chairperson of the board of directors respectively. According to
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Ugandan Small and Medium Enterprises (SMEs) have been advised to exploit the regional markets and opportunities in order to grow their companies. Speaking at the celebrations to mark 11 years of the Daily Monitor organised Top 100 Mid-sized Companies at Sheraton Hotel on Wednesday morning, Uganda Investment Authority (UIA) Acting Director
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The Ugandan Government through the Deputy Attorney General, Mwesigwa Rukutana has asked couples in marriages conducted by Bugolobi based Anglican Church of Resurrection to conduct fresh marriages because the Church wasn’t licensed/ gazetted. During today’s plenary sitting, Rukutana said there is no remedy that couples wedded by sham Churches can
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Uganda's President Yoweri Kaguta Museveni on Wednesday addressed the #TICAD7 conference plenary held under the theme, “Accelerating Economic Transformation and Improving Business Environment through Innovation and Private Sector engagement”. In his address, Museveni advised foreign comapnies in the country to reports to their respective ambassadors cases that involve Ugandan officials
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Prioritizing the digital space will help shift the development focus for Africa’s agribusiness sector and overcome its many hurdles, participants at an official side event, organized Wednesday during the 7th Tokyo International Conference, heard. The seminar headlined “The Digital Africa 2020 and Japanese investment Panel: Creating markets to digitize Africa,
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Aging businessman Chris Tushabe has accused several Bank of Uganda (BoU) officials of frustrating his efforts at having access to his bank accounts details following the closure of defunct Cooperative Bank. Appearing before the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) today, Tushabe accused t Justine Bagyenda (in
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Ecobank Transnational Incorporated (“ETI”) has announced that IFC and the funds managed by the IFC Asset Management Company (“AMC”) have completed the sale of their c.14.1 percent stake in ETI to Arise B.V. (“Arise”). Accordingly, Arise has become a shareholder of reference in ETI with a c.14.1 percent stake. J.
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