Ethiopian Airlines Flight No ET 338, a Boeing 337-800 on Thursday morning overshot the runaway on landing at Entebbe Airport International Airport. According to Civil Aviation Authority (CAA), the incident happened at 12:41am. “All the 139 passengers and crew on board disembarked safely,” CAA said in a statement dated January
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Dairy farming is a profitable venture in Uganda. In fact, some areas don’t have a enough supply of milk. Are you pondering getting into dairy farming business? These tips come in handy. When buying a cow you need to be careful not to buy a good looking cow but low
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Uganda’s economy is set to register an impressive growth in 2018, outstripping growth rates recorded in the last 10 years or so. Bank of Uganda (BoU)’s Composite Index Economic Activity (CIEA) indicates stronger economic performance in the first 10 months of 2018, with an annualized growth rate of 7-8 percent.
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A number of high-profile Chief Executive Officers (CEOs) and managers from top companies in Uganda called it quits in 2018. Some were forced out and some exited having guided their companies to relatively safe harbor. Business Focus doesn’t claim to have listed everyone who traded in their seat at the
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Going by official figures from the Bank of Uganda (BoU), the banking sector has overcome the turbulent times that culminated from the 2011 crisis to register an impressive performance in 2018. It should be noted that the 2011 election expenditure saw inflation as well as interest rates cross the 30%
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Twelve months is quite a long period of time especially for Chief Executive Officers (CEOs) and Managing Directors who are responsible for the day to day running of companies. In 2018, a lot of things have happened in boardrooms; key decisions have been made and deals sealed. Some CEOs have
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Uganda’s economy was generally stable in 2018. The economy continued to recover as witnessed by the decline in Non-Performing Loans and an increase in private sector credit growth. Private sector credit increased to 12.2% going by September numbers while the ratio of NPLs to total loans in the banking industry
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Makerere University’s Appointments Board has fired over 30 senior lecturers on charges of insubordination and use of abusive language, sexual assault, financial fraud, abscondment, refusal to perform official duties, inciting violence and failure to complete studies among others. Among those fired is controversial lecturer and activist, Dr Stella Nyanzi, who
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The Uganda shilling was marginally stronger on account of interbank selloff as commercial banks squared positions ahead of the end of year holidays during the week ending 21st December 2018. Trading was in the range of 3688/98. In the fixed income market, a 195billion auction was held; the effective yields
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Uganda Revenue Authority (URA) collected total tax revenue of Shs1.32 trillion in November 2018 against a target of Shs1.30 trillion, registering a gross surplus of Shs17.75 billion. According to information obtained from URA, net revenue collection for the month of November 2018 totaled to Shs1.303 trillion against a target of
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