The Uganda Shilling held firm against the US dollar in the week ending 28th July 2017 supported by the Central Bank mopping of excess liquidity. Demand remained low. Trading was in the range of 3690/3600. In the fixed income market, there was no primary auction for government securities. “Shilling forecast
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The Government of Uganda (GoU) has spoken out on its decision to close coffee factories in greater Masaka, a move that has left hundreds of coffee farmers in the area helpless. Vincent Bamulangaki Ssempijja, the Minister Of Agriculture, Animal Industry And Fisheries last week issued a statement on the floor
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Millions of Kenyans could be staring at hard economic times after the General Election next week as many of the pre-election subsidies running into billions of shillings are set to end with the campaign season, reports the Daily Nation. The government, keen not to placate voters, has philanthropically pumped huge
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Nakawa lawmaker, Michael Kabaziguruka on Sunday survived death when the vehicle he was traveling in collided with another in the capital Kampala. According to local reports, Kabaziguruka was driving an ambulance (Reg. Number UAP 236P) that collided with with a Hyundai, registration number UBA 083X around UMA Lugogo. The lawmaker
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A deputy ICT director at the Independent Electoral and Boundaries Commission in Kenya has gone missing, the electoral agency’s chairman Wafula Chebukati revealed on Sunday. “The last communication from him is an SMS text sent to one of his colleagues at around 3 am on Saturday morning. The content of
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A gunman and a police officer were killed in an attack on the home of Kenya’s deputy president in the western town of Eldoret, a senior administrator said Sunday, just more than a week before a national election. Deputy President William Ruto and his family were not at home at
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Zimbabwe's 93-year-old President Robert Mugabe, declaring "I am not dying," sought Saturday to brush aside growing concerns about his health after his wife urged him to name a successor. Mugabe's medical trips to Singapore have become frequent in recent years, fuelling questions about his health. His last visit was early this month for
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Billionaire Nigerian businessman Aliko Dangote has fallen from being the 51st richest person in the world to the 105th, according to the 2017 Forbes Rich List. Forbes magazine reports that Mr Dangote's wealth dropped from $15.4bn (£11.8bn) in 2016 to $12.2bn this year, due to Nigeria's currency being devalued. Mr Dangote,
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Unidentified gunmen attacked Kenyan Deputy President William Ruto's residence in the western town of Eldoret on Saturday when Ruto and his family were absent, local television stations reported. A police officer guarding the residence was wounded, KTN News reported. NTV News said gunshots could still be heard from the scene.
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Uganda national football coach, Milutin ‘Micho’ Sredojević has terminated his contract over failure by Federation of Uganda Football Associations (FUFA) to clear his salary arrears. The Uganda Cranes coach terminated his three-year contract with FUFA citing outstanding debt of salary and bonuses of Shs230m. Addressing the press on Saturday at
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