Ugandans of eighteen years and above who are in prison or the Diaspora have a right to vote under article 59 of the Constitution, the High court in Kampala has declared. This follows a case filed in 2018 by a Concerned City Lawyer and Human Rights Activist Kalali Steven against
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The COVID-19 pandemic has hit Uganda’s banks hard, forcing commercial banks to restructure loans to a tune of Shs2.02Trn, the Uganda Bankers’ Association (UBA) has said. The Association made the revelation today while appearing with Bank of Uganda before Parliament’s National Economy Committee to discuss the impact of coronavirus on
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Uganda’s provisional total debt stock as at end April 2020 stood at Shs53.697Trn, an increase of about 13.7% relative July 2019, Prof. Emmanuel Tumusiime- Mutebile (pictured), the Bank of Uganda Governor has said. FOR MORE INFO & LATEST UPDATES ABOUT COVID-19 SITUATION IN UGANDA CLICK HERE. Appearing before Parliament’s National
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China will cancel interest-free loans to African countries that are due to mature by the end of 2020, President Xi Jinping has announced. He told a China-Africa summit on Covid-19 on Wednesday that African nations hardest hit by the pandemic will also be granted an extension of the period of
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Health Ministry’s plans to construct each two-bed room house at Shs175.2M in Karamoja have been foiled by Parliament. This is after Health Ministry sought Parliament’s approval to borrow Euros10M (about Shs41.8bn) from the Government of Italy to finance the Karamoja Infrastructure Development Phase II Project under the Health Sector Development
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Zimbabweans have little faith in the new currency because of years of economic mismanagement/ AFP Inflation in Zimbabwe has risen to 785%, which makes it the second highest rate in the world after Venezuela. It follows a steep rise in prices and the collapse of a local currency introduced last
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The Government of Uganda wants to exempt tax on all donations received towards combating the spread of coronavirus in Uganda with the aim of boosting the economy. David Bahati (pictured), Minister of State for Planning made the revelation tabling four tax bills for the 2020/2021 national budget before Parliament today.
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Gulu University main building Gulu University has defended its decision to recruit staff amid the COVID-19 pandemic that has left many organizations financially limping. The University officials led by Acting University Secretary, Asaf Adebua today appeared before the Public Accounts Committee (PAC) to respond to the auditor general’s queries. PAC
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The National Council of Traditional Healers and Herbalists Associations have called on Government through the Ministry of Health to consider the enrichment of the medical curriculum and provide for the teaching of the use of herbal medicine in treatment of patients in Uganda. While appearing before Parliament’s National Economy today
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Research done by McKinsey& Company a global management consulting firm revealed that clients who used digital platforms were 33% happier than those who used the traditional means of banking. Given the current circumstances, people should strongly embrace banking from the comfort of their homes. “It does not matter where you
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