Commercial banks are increasingly becoming cautious towards lending as a result of the COVID-19 pandemic that has badly affected the economy. As a result, banks have rejected loan requests to a tune of over Shs800bn, according to the State of Economy September 2020 Report released by the Bank of Uganda
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The Africa Centres for Disease Control (CDC) has said public health initiatives on the continent have led to a drop in new coronavirus cases. The centres' director, John Nkengasong, told the BBC's Newsday programme that testing, contact tracing and wearing of face masks had helped curb the pandemic. The World
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Speaker Rebecca Kadaga meeting textile players Parliament is set to review the new tax imposed on the textile industry in 2020/21 budget which has been described as prohibitive by reported by textile traders. This was revealed by the speaker of Parliament Rebecca Kadaga during her communication to the House in
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South Sudan’s first vice-president, Riek Machar (pictured), will not participate in this year's national dialogue conference, according to the organisers. Dr Machar was to participate in the closing ceremony but has withdrawn citing “reservations due to lack of implementation of some provisions of the 2018 revitalised peace agreement". The national
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Education Ministry Permanent Secretary, Alex Kakooza Schools will only reopen as Day or Boarding but not both, the Ministry of Education and Sports has revealed. The revelation was made by the Permanent Secretary of Education Ministry, Alex Kakooza while appearing before the Parliament’s Education Committee chaired by Palisa County MP,
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Mathias Katamba, the Chairman Uganda Bankers’ Association Commercial banks have been urged to promote digital payment systems through embracing industry shared infrastructure that will consequently reduce the cost of operations. Finance r expert have advised banks to think of sustainable ways of supporting customers given the lessons learned since the
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A farmer receives draminksi moisture metre from UCDA boss Emmanuel Iyamulemye (L) The Uganda Coffee Development Authority (UCDA) and International Trade Centre (ITC) have partnered to improve quality of coffee and increase cocoa exports geared towards cementing Uganda’s place in the global market. The drive handled by both the European
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Statement by H.E. Mr. Bruno Rodríguez Parrilla, Minister of Foreign Affairs of the Republic of Cuba, at the High-Level Segment of the United Nations General Assembly marking the seventy fifth Anniversary of the United Nations. September 21th, 2020. Mr. President; Distinguished delegates: On the seventy fifth anniversary of the United
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Suubula.com marketplace has partnered with Longhorn Publishers Uganda to enable the public procure books for their children online. Currently, parents have to walk or drive long distances to visit bookshops to select books for their children. And in most cases, some books are not provided on shelves due to lack
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The Democratic Republic of Congo's President Félix Tshisekedi held a rare meeting with his predecessor Joseph Kabila amid tension in their coalition. The two leaders discussed "the progress of the coalition", the Common Front for Congo (FCC) coalition wrote on Twitter. Despite winning the presidency, Mr Tshisekedi has had to come
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