It’s now four years since Airtel Uganda took over the sponsorship of Uganda football senior team, the Uganda Cranes from MTN. Over this period, Airtel has enjoyed unprecedented publicity, thanks to the appealing brand of the Uganda Cranes. In November 2017, Airtel announced a new sponsorship deal worth Shs10bn (approx
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The Ministry of Energy and Mineral Development has issued three Location Licences to over 500 small scale artisanal miners in Mubende, signaling the resumption of small mining operations. According to a statement from Engergy Minitry dated December18, 2017, the licenses were awarded to Kayonza-Kitumbi Miners Association covering an estimated area
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Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organisations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses
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Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile will Monday December 18, 2017 issue the Monetary Policy Statement for the month of December. Analysts are anticipating a further reduction in the Central Bank Rate (CBR), a benchmark lending rate for commercial banks. It worth noting that the Central Bank reduced
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The Uganda Shilling remained stable but leaning towards a mild appreciation on the back of inflows from NGOs and Diaspora remittances amid sparse trading during the week ending 15th December 2017. Trading was in range of 3605/3615. This is ahead of Monday’s Monetary Policy meeting which is expected to continue the
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The French Ambassador to Uganda, Stephanie Rivoal has warned Ugandans against unnecessary expenditures, noting that the country can’t develop without a strong savings culture. “Uganda is one of the countries with the lowest savings culture in the word,” Rivoal said, “Ugandans like spending. Majority working class [people] don’t save; only
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President Yoweri Museveni has blamed Ugandans for the poor state of the economy. He made the remarks on Friday during the annual Thanksgiving Service at State House, Entebbe under the theme "Blessed are the peacemakers for they shall be called children of God". He added that religious leaders should join
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Uganda Revenue Authority (URA) Friday released the ‘Shame list’ of over 100 tax defaulters. In total, the tax defaulters owe the tax body over Shs20bn. They have been given seven days to clear the outstanding dues lest-they face the law. URA is headed by Doris Akol as Commissioner General. Below
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Uganda’s largest power distributor, Umeme Limited has revealed that new connections backlog will be cleared before end of year. This follows Business Focus’ story indicating that Umeme had run out Yaka meters, affecting new customers/connections and consequently business. In an exclusive interview, Stephen Ilungole, the Stakeholder Relations Manager –Media and
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KCB Bank Uganda has trained potential banking agents in preparation for the roll out of agency banking services to Ugandans. According to Michael Ssekyondwa, the KCB Agency and Digital Finance Manager, the bank is expecting to officially start agency banking services early next year. “We have taken a lot of
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