On September 23-24, 2019, a group of journalists including myself visited Asili Farms located in Masindi and Kiryandongo districts (Kiryandongo was curved out of Masindi district a few years ago), approximately 217 kilometres (by road), North-West of Kampala, Uganda's capital city. Asili Farms is an initiative of American investors and
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The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva (in featured photo) to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging
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Leading African energy attorney NJ Ayuk does not believe in handouts as a long-term strategy for impoverished people or nations. But he does think that the companies working on the continent have a responsibility to help their host nations build the infrastructure necessary to expand industrialization. Bruce Falkenstein, Joint Operations
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The Uganda shilling held steady, deriving support from substantial inflows mainly from commodity exporters during the week ending 20th September 2019. Trading was in the range of 3665/3675. In the interbank shilling markets, both overnight and one week rates held at the previous week’s level of 7% and 10% respectively.
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Today, WorldRemit and Arsenal announced that 16 applicants from Africa have been shortlisted for its Future Stars programme. Of these 16 coaches, eight are women. Among the shortlisted are three Ugandan coaches. WorldRemit and Arsenal launched the second edition of the Future Stars programme in August to recognise the valuable
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The National Social Security Fund (NSSF) has told members that it will pay lower interest rate this year compared to 15% paid out last year. This is after the Fund's holdings in all foreign exchange markets and its equity positions accumulated to an unrealized loss of Shs402bn as at June
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The Minister of Trade, Industry and Cooperatives of the Republic of Uganda, Amelia Kyambadde, is leading an official delegation that includes representatives of over 40 Ugandan companies attending the Uganda- Ireland Investment Forum taking place in Dublin, Ireland from 16th -17th September , 2019. The delegation is comprised of the
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After months of searching the African continent, The Anzisha Prize has unveiled its top twenty finalists for 2019. The winner will be announced at the ninth Anzisha Prize Forum on 22 October in Johannesburg, South Africa. The Anzisha Prize, an African Leadership Academy and Mastercard Foundation partnership, is dedicated to
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International tourist arrivals grew 4% from January to June 2019, compared to the same period last year, according to the latest UNWTO World Tourism Barometer published ahead of the 23rd World Tourism Organization General Assembly. Growth was led by the Middle East (+8%) and Asia and the Pacific (+6%). International
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The Uganda shilling held its ground on account of sagging demand as interbank market players unwound positions. Trading was in the range of 3675/3685. In the shilling interbank market, overnight funds quoted at 7% while one week funds traded at the previous level of 10%. In the fixed income market,
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