The Uganda Shilling held firm in a short trading week with markets expecting a knee jerk reaction following Bank of Uganda (BoU)'s rate cut that was likely to stimulate demand for forex. On Wednesday, BoU cut its benchmark rate by from 11.5% to 11%, citing dismal growth in the first
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Uganda’s Rhoda Peace Tumusiime has won the African Woman Award in the category of African Woman in Agriculture. Tumusiime, the African Union Commissioner Agriculture and Rural Development, won the New African Woman in Agriculture Award for pushing the importance of food security and adding value chain to African goods while
Read MoreUganda's controversial social-political commentator,Frank Gashumba has vowed to challenge popular NBS Television to protect his brand. Gashumba made this vow in a lengthy Facebook post saying he is using the courts of law to challenge NBS that knifed him off a show on the television. Below is the post I
Read MoreUganda's government is set to join Kenya in the push to terminate Rift Valley Railways' 25-year concession to run the Kenya-Uganda Railway. According to local news agency URN, sources at the Ministry of Works and Transport have indicated that Uganda is backing the Kenyan position on the way the concession
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Huawei Mobile in partnership with its distribution partners has slashed prices by up to 15% on selected devices including Smartphones during this Easter period. At the Huawei’s Experience shop run by Kinetic Telecom, Shop Manager Akisha Banugire confirmed the price reduction bonanza and added that the promotion is aimed at making quality Smartphones
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Uganda’s judiciary is in untold panic following the rampant killings of top government official including prosecutors. And to beef up security of prosecutors, Mike Chibita, the Director of Public Prosecution wants Government to avail them Shs5bn in the 2017/18 national budget. This follows rampant killings that have left top government
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Ugandan moneybag, Sudhir Ruparelia's Crane Forex Bureau has been struck off the list of registered forex bureaus in the country in what appears to be another blow to the embattled tycoon. This action was taken by the country's Central Bank on Wednesday by an the Governor, Emmanuel Tumusiime Mutebile. Three
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A year ago the view from Ugandan teacher Richard Inyani's mud hut was wilderness, land untouched since the 1990s and the murderous rampages of Joseph Kony's Lord's Resistance Army. Now it's a sprawl of tarpaulin shacks housing thousands of South Sudanese, refugees fleeing a three-year civil war that has triggered
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Uganda's State Minister for Labour, Herbert Kabafunzaki who is accused of bribery was on Wednesday afternoon granted bail by the country's Anti-Corruption Court in the capital, Kampala. As part of the bail conditions, the minister was ordered to hand over his diplomatic passport and land title to court as one
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Uganda’s Central Bank, The Bank of Uganda (BoU), has reduced the Central Bank Rate (CBR), a benchmark lending rate for commercial banks by 0.5% to 11% in April 2017, down from 11.5% in February 2017. This means that commercial banks are expected to further reduce on their interest rates they
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