Uganda’s President, Yoweri Museveni has promised the already existing commercial farmers lower interest rates in order to expand their operations and up production. The President made the revelation while delivering the State of the Nation Address to Parliament and the entire nation at Kampala Serena Conference Centre on Tuesday evening.
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There has been further improvement in business conditions in Uganda, according to the Stanbic Bank Uganda Purchase Managers Index (PMI) for May. At 51.0 the seasonally adjusted PMI remained above the crucial 50.0 threshold for the fourth month in succession, signaling a continued expansion of the private sector. This is however
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Former Chief Economist and Senior Vice President at The World Bank Group, Prof. Justin Lin has tipped Uganda on how to achieve double digit growth. During a guided tour of Namanve Industrial and Business Park (NIBP) on May29 2017, Lin said well-planned industrial parks can play a key role in
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Many successful entrepreneurs turn challenges into money minting opportunities. For Regina Nakayenga, 59, a former lecturer of Microfinance and Entrepreneurship at Kyambogo University, it was menopause that inspired her into business. She left the University four years ago to start Rena Beverages Limited, a company processing Hibiscus that comprise many
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Like Kenya, Uganda is currently experiencing a sugar crisis, with a kilogram going for as high as Shs7, 000. However, an innovative youth has come up with natural and affordable sugar from a plant called Stevia. Julius Nyanzi, 27, who graduated with a Bachelor’s Degree in Botany in 2014 from
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Davis & Shirtliff Uganda has urged Ugandans to embrace the culture of donating blood in order to save lives. The call was made on Friday during the company’s blood donation campaign held at their head offices in Kampala, where at least 50 units of blood were collected. Hadijah Lunkuse Mayanja,
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Middle East Consultants (MEC) Ltd, one of the leading job exporting companies in Uganda has landed a huge deal to supply close to 2,000 medical practitioners to Libya. The company that is fully licensed by the government of Uganda to export labour says 600 slots are available for enrolled nurses
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For Africa to develop, the political will of the leaders must be accompanied by the right strategy, President Yoweri Museveni has said. The President was speaking as the chief panelist on the subject “Agenda 2063: Infrastructure Update” at the World Economic Forum on Africa in Durban, South Africa. The
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As part of ‘Merck STEM Program for Women and Youth’, the UNESCO Merck Africa Research Summit – MARS 2017 will be held in Mauritius with the aim to empower Women and Youth in Research under the patronage of the Head of State of The Republic of Mauritius, Ameenah Gurib Fakim.
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The World Bank Group has launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. A press statement from the World Bank dated April20, 2017 says that start-ups will receive mentoring from global and local experts, learn through a tailor-made
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