Many Ugandans are excited about the oil money that is expected when oil starts flowing come 2020. However, many will not physically touch the oil money that many believe will transform Uganda economically. According to experts, US$15bn (Shs54.7 trillion)-US$20bn (Shs73 trillion) is expected to be invested in Uganda’s oil and
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The U.S. African Development Foundation invites proposals for grant financing and local support, from African enterprises, cooperatives, and producer groups with innovative solutions that extend their own capabilities to increase revenues, create jobs, improve farmer incomes, and achieve sustainable market-based growth. Maximum award US $250,000. Proposals will only be accepted
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Mobile phone subscribers especially on the MTN and Airtel network in some parts of Uganda have complained of being charged unusual extra money off airtime scratch cards. For example, a Shs500 card is now sold at Shs600 while a Shs1, 000 card is sold at Shs1200. Airtime agents say telecom
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The Uganda Securities Exchange (USE) has suspended the trading of Kenya Airways shares due to the ongoing ownership restructuring. Paul Bwiso, the Chief Executive Officer at USE says Kenya Airways PLC is currently undergoing equity and debt restructuring and to facilitate the conclusion of the transaction without disrupting the price
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Bank of Uganda (BoU) and the Central Bank of Sudan have agreed to explore all avenues to consolidate and expand trade and investment between Uganda and Sudan. This was during a meeting between Bank of Uganda Deputy Governor, Dr. Louis Kasekende, and the Governor of the Central Bank of Sudan,
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Maize farmers in Uganda have suffered price fluctuations season after season. There are times a kilogram of maize grain goes below Shs500, leaving many farmers in losses. Currently, a kilogram of maize grain in Uganda is averaging Shs700. While we are in a free market economy where prices are determined
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The battle for who will control Uganda’s data market is on, with telecom giants MTN Uganda and Airtel Uganda unleashing one of the best internet offers on the Ugandan market in recent weeks. Airtel that is under the stewardship of VG Somasekhar as Managing Director now offers 300 MBs at
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The Uganda Shilling strengthened and registered substantial gains in the week ending 10th November 2017 in what was seen as market correction after overshooting through key support levels due to sentiment related to political uncertainty in the region. Trading was in the range of 3610/3620. In the money markets, there
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MTN Uganda Wednesday announced the winners of the MTN Innovation Awards 2017 at a gala dinner on hosted at the Kampala Serena Hotel. Nine innovations were recognized, each walking away with $3,000 and a plaque. The nine winners were selected by a panel of judges from a nominee list of
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dfcu Bank has this morning signed a two-year sponsorship deal with Entebbe based football club, Vipers Sports Club. The sponsorship is valued at a total of Shs300m. Speaking at the sponsorship signing, dfcu Bank’s Chief of Business and Executive Director, William Sekabembe, said; “dfcu Bank understands the importance and impact
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