Property mogul, Mohan Musisi Kiwanuka (pictured left) has questioned and protested Police’s deployment at his properties, describing the act as unlawful. The properties in question are on plots 10A and 10B Akii Bua Road, Nakasero, and 21-29 Golf Course Road, Kololo. They are owned by Visa Investments, one of the
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Kristalina Georgieva (pictured), Managing Director of the International Monetary Fund (IMF), met with Hassan Ali Khaire, Prime Minister of Somalia On October 18, 2019 in Washington and issued the following statement: “I had a good and constructive meeting with Prime Minister Khaire at the IMF headquarters. I congratulated the Prime
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Government plans to raid the Petroleum Fund and withdraw Shs445bn to finance the 2019/2020 budget won’t be achieved after it was revealed that the Fund only has only has Shs304.1bn. This means that the Fund is set to be overdrawn. The Petroleum Fund is where revenue from all petroleum-related activities
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Nxt radio, one of the brands under Next Media Services today marked its first anniversary since it went on air. Kin Kariisa, the Chief Executive Officer, Next Media Services says it is important to celebrate milestones “to acknowledge where we are coming from and the journey ahead.” “When we launched
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Bank of Uganda (BoU) recently issued commercial banking licenses to two institutions, bringing the total number of commercial banks in the country to 26. Opportunity Bank that has been trading as a credit institution is now a commercial bank. “BoU granted the Commercial Banking (Class 1) License Certificates to Afriland
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The shilling traded in a stable range in the week ending October 18, 2019 as mid month corporate taxes limited the demand for dollars in a tight market. Trading was in the range of 3673/3685. In the local shilling market, overnight funds quoted at 6% while one week funds traded
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Across Africa, the majority of the population depend on agriculture as the main source of livelihood and there is an increasing interest in agricultural investment for improving agricultural productivity and rural incomes. In Uganda alone, the Agriculture sector contributes to over 70% of employment. Technology has greatly contributed in fostering
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The Minister of Information and Communications Technology and National Guidance, Frank Tumwebaze, has challenged ICT industry players to solve people’s day-to-day problems through modern and unique innovations. Addressing the 5th National Conference on Communications (NCC) at Makerere University on Thursday as the guest of honour, the minister gave an example
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The Electoral Commission has revealed that the verification of the National Voters’ Register (NVR) and identification of Persons with Disability (PWDs) at the Village level will start on 21st and run through 28th October 2019. Addressing journalists today at the Commission’s head offices in Kampala, Justice Simon Byabakama Mugenyi, the
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Uganda’s efforts to export 20 million bags of coffee and earn millions of dollars in the near future hang in balance due to intrigue and ego-driven job fights that have rocked Uganda Development Authority (UCDA). UCDA is the topmost agency in the country mandated to promote and oversee the coffee
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