Efforts by Uganda Government to revamp the struggling Uganda Telecom Ltd (UTL) have hit another setback after Minister of State in charge of Investments, Evenly Anite admitting that Government has lost control over Uganda’s oldest telecom firm. Making the shocking confession during today’s plenary sitting, Anite who looked shocked herself
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Uganda's exports earnings fell sharply in the month of April compared to March owing to a drop in gold exports and goods crossing to Rwanda, a Ministry of Finance filing shows. The May 2019 economy performance report shows that export earnings fell by 49.1% from US$ 604.41 million in March
Read MoreThe Uganda Atomic Energy Council-AEC-Uganda has closed the x-ray section at Masaka Regional Referral hospital citing radiation leakage. AEC-Uganda is mandated to regulate the peaceful application of ionizing radiation, protection and safety of radioactive sources. A source told local news agency, URN that the xray was closed because of
Read MoreIsraeli Firm, Together Pharma Limited has reported that it made a cannabis harvest from Uganda on Tuesday, despite a government announcement that the said license had been halted. This is according to a statement released to the Tel Aviv Stock Exchange Authority Ltd, today. The Statement, which is signed by
Read MoreLast week, the Ebola virus crossed from the Democratic Republic of Congo into Uganda. Since then, the virus has not only claimed two lives, but also brought trade along the border region to a virtual halt. Businessman Penge Kiss has been importing fish for the last 15 years from Uganda
Read MoreA drastic and dramatic overhaul of African football is expected to be announced on Thursday, the eve of the kickoff of the African Cup of Nations, in the wake of corruption scandals consuming the Confederation of African Football (CAF). The CAF executive committee took a stunning decision on Wednesday to
Read MoreSpeaker of Uganda’s Parliament Rebecca Kadaga has directed Frank Tumwebaze, the Minister of ICT and National Guidance and Minister of Education and Sports to put in a request of Shs1bn needed by national broadcaster, Uganda Broadcasting Corporation (UBC) to telecast the Africa Cup of Nations matches. "Minister is directed to
Read MoreThe controversy surrounding the alleged illegal extra printing of currency notes amounting to Shs90bn by Bank of Uganda (BoU) officials has left MPs puzzled, with a section of them (MPs) seeking the intervention of United Kingdom’s Scotland Yard to thoroughly investigate the Central Bank. Taking to the floor of Parliament
Read MoreEquity Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia as it prepares to commence operations. The Bank has appointed Hassan Maalim as the Head of the Commercial Representative Office which will be based at Kazanchis-Addis Ababa Ethiopia and is expected to be fully operational in July
Read MoreThe authorities in Ethiopia's capital, Addis Ababa, are banning motorbikes from the city's streets as part of an effort to reduce crime. The administration believes that a rising number of thefts are being committed by people on motorbikes. Addis Ababa Deputy Mayor Takele Uma said motorbike owners have just over
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