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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Umeme Limited, Uganda’s largest power distributor has run out Yaka meters, affecting new customers/connections, Business Focus has reliably established. Reports indicate that people who applied and paid for Yaka meters almost three months ago are yet to receive them as the power distributor continues to play ping-pong; a thing that
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The government of Uganda has revealed civil servants that will benefit from the first salary enhancements. Addressing journalists on Monday at Uganda Media Centre, the Minister for Public Service, Muruli Mukasa said the salary enhancement will be carried out in a phased manner. "Primary school teachers, secondary school teachers, soldiers
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Two Ugandans are among the 40 finalists from 19 countries set to win top Africa Entrepreneurship Award. This is after BMCE Bank of Africa announced the launch of the final phase of the 3rd African Entrepreneurship Awards. Devised and developed by the Group, the initiative provides support for African entrepreneurs,
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The Uganda shilling strengthened marginally, primarily supported by Central Bank mopping up of excess liquidity in the money markets amidst low demand for the greenback during the week ending 8th December 2017. Trading was in range of 3610/3620. In the coming week, Bank of Uganda will hold the final Monetary Policy
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President Yoweri Museveni has said he is optimistic that the economy of Uganda will grow sustainably as government has now got the facts. The President was speaking at the opening and review of the 5th phase of the Presidential Investors’ Round Table (PIRT) that took place on Wednesday at State
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Bank of Uganda (BoU), the regulator of Forex bureaus has said Amin Forex Bureau Exchange Ltd is no longer allowed to transact business after its license expired and wasn’t renewed. In a statement issued on Wednesday December 6, 2017, BoU Deputy Governor Dr. Louis Kasekende said: “Amin Forex Bureau Ltd
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The desire for Uganda to achieve a middle income status (lower) by 2020 will not achieved, according to World Bank. According to World Bank’s Uganda economic update 10th edition dubbed: ‘accelerating Uganda's development : ending child marriage, educating girls’ released on Tuesday, Uganda has experienced economic growth slowdown in the
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Barclays Africa Group Limited (BAGL) and China Development Bank (CDB) have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development projects in Africa. Given CDB’s focus on infrastructure finance for roads, railways and dams, Barclays Africa will leverage the MoU to unlock opportunities
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