There is panic among traders and investors who transact in millions after Uganda Revenue Authority (URA) ordered all banks and Forex bureaus to ensure that money going abroad in excess of Shs50m is cleared by the tax body. In a letter to bank CEOs, Henry Saka, the URA Commissioner Domestic
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Uganda’s public debt is set to soar further if Parliament approves a request to borrow USD456.370M (Shs1.68 trillion) from the Exim Bank of China to finance the upgrade and construction of national oil roads project in Masindi, Hoima and Buliisa districts. The request is expected to be tabled before Parliament
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The Uganda National NGO Forum and the civil society organizations fraternity in Uganda have condemned the highhanded and violent response to the students’ peaceful protest against the fifteen per cent (15%) tuition increment issued by the management of Makerere University. In a statement dated 29th October 2019, Richard Ssewakiryanga, the
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Huawei, a leading global information and communications technology (ICT) solutions provider has today boosted the 2019 edition of the MTN Kampala Marathon with 250,000,000 shillings towards maternal health care in Uganda. The confirmation and official Cheque handover ceremony took place at Huawei Uganda Offices at the Cube Building, Kisementi in
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African Media Agency (AMA)/- Public and private financial institutions are not responding adequately to meet global energy goals as finance, particularly in Sub-Saharan Africa, remains drastically below levels needed to deliver universal access according to new Energizing Finance research released yesterday by Sustainable Energy for All (SEforALL). The Energizing Finance
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A panel of judges from Arsenal and its official online money transfer partner, WorldRemit, have selected eight coaches as finalists for their Future Stars coaching programme. The eight finalists will now compete in a public vote on www.futurestars.worldremit.com for the chance to attend a personalised training programme with Arsenal Football
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Airtel Africa, a leading global telecommunications services provider with operations in 14 countries across Africa, and Ecobank Transnational Incorporated ("ETI") , the parent company of Ecobank the leading pan-African banking group operating in 33 countries, have signed a partnership which will allows millions of Airtel Money and Ecobank customers across
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Orient Bank’s Business Academy is increasingly shaping blossoming entrepreneurs through hands-on training with the aim of growing small businesses into bigger ones, albeit sustainably. Business Focus’ Taddewo William Senyonyi interviewed Emmanuel Njuki (in featured photo), the Head of Orient Business Academy, who also doubles as the Corporate Communications and Marketing
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The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge (pictured), has been named the Central Bank Governor of the Year for Sub-Saharan Africa by Global Markets magazine, a world-leading financial journal. The Governor received the award for the second time in four years, having first received it in
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Peter Lokeris, the Minister of State for Minerals, today re-asserted government’s commitment to having the East African Crude Oil Pipeline (EACOP) project delivered as planned. “I know many of you had started thinking that the project has stalled but this Public Hearing should now take away all doubt since it
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