The financial services sector has been challenged to adopt a shared technology services delivery model, thereby cutting down the cost of doing business and pass on those benefits to customers in form of reduced cost of lending. The call was made by Dr. Tumubweine Twinemanzi, the Executive Director Supervision, at Bank
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The e2 Young Engineers Uganda, the first ever practical Science, Technology Engineering and Math (STEM) programme for children aged 4-15 years using a LEGO curriculum has been unveiled in Uganda. Launching the Programme yesterday in Kampala, the African School of Innovations Science and Technology (ASIST) Limited’s Managing Director, Arinaitwe Rugyendo
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Uganda Revenue Authority (URA) has canceled VAT registration of 1,551 taxpayers. The cancellation took effect on 28th of February 2019. The full list of VAT deregistered persons can be accessed by clicking here. URA says the cancellation has been made in accordance with section 9 of the Value Added Tax
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Recently, an acquaintance observed an unfamiliar trend in Uganda’s supermarket business. He noted that out of five or so supermarkets that have been operating from Biina to Port bell, only two supermarkets are now in business. The spaces of those that have died out have since been replaced by sports
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With the Tourism Industry undoubtedly cementing its position as the most important sector of the economy, Uganda Tourism Board (UTB) has identified key international expos that it hopes will be instrumental in attracting more tourists to the country. It is against this backdrop that a delegation comprising over 30 Uganda
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The move by Rwanda to block Ugandan cargo trucks and buses from crossing to the neighbouring via Katuna and Chanika border points has left traders counting losses. Rwanda blocked cargo trucks and buses since Wednesday last week, to reportedly pave way for upgrading the One Stop Border Post at Gatuna
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Gone are the days when the only means of getting fish was by catching it in rivers, lakes and wetlands. Uganda’s aquaculture industry is rapidly growing largely because of the huge demand for fish on the market. The fishery industry in Uganda provides a vital source of food and about
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Vivo Energy plc (“Vivo Energy”) Friday announced the completion of the transaction with Engen Holdings (Pty) Limited (“Engen” or “EHL”), previously announced on 18 September 2018. The transaction adds operations in eight new countries and 230 Engen-branded service stations to Vivo Energy’s network, taking its total presence to over 2,000
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The Uganda shilling was on the back foot, weakening as demand rebounded mainly from market players building positions in anticipation of dividend payments during the week ending March1, 2019. Trading was in the range of 3665/3675. In interbank money market, overnight funds traded at 7% while on week funds traded
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Ugandan traders are counting losses after Rwandan authorities at Katuna Border ‘restricted’ Ugandan goods from entering the neigbouring country. According to a journalist based in Kigezi region, this practice has been ongoing for the last two weeks, but authorities from both countries have kept silent. He says the situation is
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