The Uganda shilling lost ground, erasing some of its slight gains of the previous week, as demand for dollars picked up from the energy, telecom and manufacturing sectors coupled with commercial banks covering short positions during the week ending 12th October 2018. Trading was in the range 3795/3805. In the
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Naspers, the emerging markets internet and media giant which is the largest public company in Africa, will list its satellite television subsidiary MultiChoice, it has announced. MultiChoice's DStv service is the biggest TV operation in Africa, broadcasting to some 50 countries, and was one of the first satellite companies to
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East African musicians and artists are set to benefit from a regional initiative that will support over 300 youth through a new deal signed by the founders of the MTN Nyege Nyege festival who have launched Hakuna Kulala, a new artists incubation label in East African Community region. Dr. Kirsten
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MultiChoice Africa is delighted to reveal the 60 hopefuls who have been chosen to be the first students of the MultiChoice Talent Factory Academy! The candidates were chosen after a two-months long process of shortlisting candidates from over 3 000 entries from 13 countries in Africa, this was followed by
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Umeme Limited has announced aUshs12.7 dividend pay-out per ordinary share to all its shareholders for the six months ended 30 June 2018. A top official said the total interim dividend pay-out of Ushs20.6 billion was based on the stellar performance of the company over the period of January to
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Fortebet, the home of all your betting needs has unveiled a fully loaded package for this new football season. This was revealed by the company media manager, John Nanyumba during an interview at Fortebet head office at Kololo. The special package comes just before most of the major leagues across
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Bringo Fresh, a platform that lets individuals order fresh produce online and have it delivered to their doorsteps has been launched in Uganda. This comes at a time when Ugandan farmers are faced with a number of produce marketing challenges. Consumers on the other hand, brave a number of inconveniences
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With ongoing investment in the generation capacity through the constructions of Karuma, Isimba and other mini hydro stations, Umeme is aggressively aligning its investments to increase access, readiness for increasing generation and the contentious pricing of the end-user tariffs. This focus is in line with government ambition of increasing electricity
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The judiciary and security forces in Bugisu region have promised to support Umeme in its bid to have power thieves prosecuted to curb the rampant vice. Speaking at the workshop between Umeme and Police, Directorate of Public Prosecution, and the Judiciary from the 12 districts in the Bugisu region, Paul
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Pilgrims from across the world have started arriving at Namugongo Catholic Shrine, a week to the 2018 Uganda Martyrs Day (UMD) celebrations. By Tuesday 22nd May, 2018, over 50 people had already arrived in small groups, with the largest delegation being that of 12 foot pilgrims from St. Kagwa Catholic
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