With floods hitting at least 16 African countries, Greenpeace Africa urges leaders to act for the people and against climate change Rains have increasingly been torrential in the past months, striking large parts of East Africa and elsewhere, in unprecedented intensity in decades, causing at least dozens of deaths, displacement
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The Uganda Communications Commission Executive Director Mr Godfrey Mutabazi has called for responsible data management systems to protect consumers from risks associated with financial technology. In a key-note address at the two-day Africa Financial Technology Festival at Kampala Serena Hotel on Thursday, Mr Mutabazi explained that while data fuels the
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The Uganda National Bureau of Standards (UNBS) has suspended the importation, sale and distribution some peanut butter products from Kenya after Laboratory Tests carried out by the Kenya Bureau of Standards (KEBS) confirmed high levels of aflatoxin contamination. Aflatoxin is a poisonous cancer-causing compound. The peanut butter products include Nuteez
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The Uganda Tony Elumelu Foundation (TEF) entrepreneurs led by United Bank for Africa management team on Tuesday 5th November, 2019 met with Uganda’s Prime Minister Dr. Ruhakana Rugunda, to discuss a possible partnership with the government of Uganda in a bid to promote youth empowerment through entrepreneurship. The TEF beneficiaries
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The 2019 Africa FinTech Festival (AFF) themed ‘The role of FinTechs in Africa’s Digital Economy’ was officially opened yesterday. The two-day event co-hosted by The Financial Technology Service Providers Association of Uganda (FITSPA) and Financial Sector Deepening (FSD) Uganda is taking place between November 5th and 6th at the Serena
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There is a general improvement in the business environment in Uganda, the Stanbic Purchase Managers Index (PMI) for October indicates. The survey sponsored by Stanbic Bank and produced by IHS Markit, posted 56.3 in October, up slightly from55.7 in September and above the series average. The headline PMI shows that
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Government should call to order the US Ambassador to Uganda Deborah Malac for allegedly meddling into Uganda’s internal affairs, former Minister for Ethics and Integrity, James Nsaba Buturo (left in featured photo), has advised. “Government should warn that lady (Deborah Malac); she has no business in interfering in affairs of
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Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings opened the "Ambition Africa" conference organised by the France Invest Africa Club in Paris, France. As Elumelu delivered the opening address, he urged French investors to look to Africa for
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Uganda Revenue Authority (URA) has rescinded its earlier directive ordering all banks and Forex bureaus to ensure that persons sending money outside Uganda in excess of Shs50m are cleared by the tax body. In a letter dated 25th October 2019 to bank CEOs, Henry Saka, the URA Commissioner Domestic Tax,
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The Uganda shilling hit a bit of volatility, trading sideways as pockets of demand emerged amid low fx supply in the week ending 1st November 2019. The unit traded above the support level of 3700 for most sessions of the week. In the interbank money market, there was sufficient liquidity
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