The Uganda Shilling was relatively stable supported by buoyant inflows on account of portfolio flows targeting the government securities market amid weak demand during the week ending 15th September 2017 Bank of Uganda open market operations also rendered some support. Trading was in the range of 3595/3605. In the fixed
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North Korea has fired a ballistic missile across Japan, creating new tension in the region after its nuclear bomb test less than two weeks ago. The missile reached an altitude of about 770km (478 miles), travelling 3,700km before landing in the sea off Hokkaido, South Korea's military says. It flew
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One of China's biggest Bitcoin exchanges has said it will stop trading, after a government warning over virtual currencies, BBC reports. BTCC said it would stop buying and selling on 30 September in response to tightening regulation. It comes after authorities banned initial coin offerings on 5 September. The country
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Africa’s economic giants, Nigeria, South Africa and Egypt, have been stumbling recently. Rising security risks and political instability in Egypt, economic downturn and militancy in Nigeria and escalating political risks in South Africa led to doubts whether the balance between risks and opportunities in these markets is still favourable for
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Government of Uganda Thursday signed a Production Sharing Agreement (PSA) and issued a License for Petroleum Exploration, Development and Production over the Kanywataba Contract Area with Armour Energy Limited (AEL) from Australia. Speaking during the Ceremony held at Amber House in Kampala, Eng. Irene Muloni, Minister of Energy and Mineral
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NRM MPs supporting the removal of Presidential age cap say they are not intimidated by attacks from rebel MPs, opposition and the general public. Addressing the press at Parliament on Thursday, the MPs told off those opposing removal of age limit that they are all equal and above all they
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In April, Kwese Sports won free-to-air and subscription TV rights for the 2018 Fifa World Cup as they announced themselves an emerging big player in the African sports television market. The rights cost the company around $34m as Fifa pocketed a decent profit after sub-Saharan Africa’s top TV companies splashed
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A Kenyan MP from the governing Jubilee Party has filed a petition seeking the removal of Chief Justice David Maraga, accusing him of orchestrating a "judicial coup" by leading the Supreme Court judges to annul President Uhuru Kenyatta's win in the 8 August election, the Nation reports. Ngunjiri Wambugu wants the
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Bobi Wine, one of Uganda's top musicians who in June became an MP, has released a spoken word track lambasting the governing party's MPs who have backed a call to remove presidential age limits. This change would allow President Yoweri Museveni, who has been in power for 31 years, to
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Two people have been arrested for alleged hacking into accounts of Centenary Bank and transferring millions of shillings. The two identified as Denis Etumu and Shalih Ajuna were picked from different areas of Kampala after being trailed by intelligence personnel from Central Police Station (CPS) Kampala. Etumu was the first
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