Intra-regional trade in the countries in Eastern Africa is still below 10% despite initiatives like East African Community. This is according to a report by the African Development Bank. The Bank in the report said that even the African Continental Free Trade Area has not yielded much in terms of
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Members of Parliament have opposed the Government’s proposed increment of the minimum paid-up cash capital requirements of micro-finance deposit-taking institutions from 500,000,000 million to 10 billion Shillings. It follows a debate on a report of the Committee on Finance, Planning, and Economic Development that recommended the adoption of the increment
Read MoreThe Minister of State for Transport, Fred Byabakama, has said 95% of the boda-boda riders in Kampala are mad. He explains that the riders’ madness is the reason why many of them, and their passengers are dying in road crashes. Byabakama, who was the chief guest at the launch of
Read MoreSpeaker Among Threatens To Cancel Parliament MoUs With Money Lenders Over Harassment Of MPs
Speaker Anita Among has threatened to cancel the Memorandum of Understanding (MOUs) that Parliament struck with various money lenders, after several complaints of harassment and high interest fees the MPs are being charged. “And money lenders who are harassing MPs with very high interest rates, even if the MP passes
Read MoreI&M Bank Boss Ntulume Tips Organizations On Use Of Technology To Support Human Interactions In Business
L-R: Racheal Dumba, CEO OF Steadman Global consulting, Mathias Katamba, Board Member UAP Mutual Uganda,Stella Alibateese, National personal Data Protection Director -NITA Uganda, Peter Mukuru, Project Management Consultant , African Development Bank and Sam Ntulume, Ag. Managing Director, I&M Bank talks about Boards and Regulation of Technology at the Annual
Read MoreThe lagoon that was dug to support the solar powered irrigation system in Kyamulibwa sub county, Kalungu district. The system is no longer serving its purpose A solar-powered irrigation project, valued at Shillings 320 million, in Kyamulibwa sub-county, Kalungu district, has fallen into disrepair due to poor maintenance of its
Read MoreEghosa Nehikare, Co-Founder and CEO of Multigate Multigate, a licensed Financial Services platform that provides access to a safe and secure treasury and liquidity management system, becomes the first pan-African financial services technology company to be certified by SWIFT as a Lite 2 Business Application Provider (L2BA). In addition, the
Read MoreStudents in a science laboratory. Photo by The Observer Rwanda has taken a decision to eliminate science practicals from their national examinations, citing long-standing concerns over the lack of well-equipped laboratories in schools. Rwanda's Education Ministry announced the policy change, stating that starting this academic year, science practicals will no
Read MoreTrainees in a group photo with their certificates Securing a good job in Uganda has become increasingly challenging for fresh graduates due to the high number of job seekers compared to available positions. Currently, Uganda has a youth unemployment rate of 6.58 percent, indicating the share of the workforce aged
Read MoreThe SINOPEC 1501 Drilling Rig at Jobi Ri The drilling of production wells for the Kingfisher and Tilenga oil production projects is continuing since the launch in January 2023. This is in preparation for the planned commencement of oil production in Uganda in 2025. Drilling of the first well for the Kingfisher
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