EC officials and agents of political parties and organisations observed delivery of voting materials The Electoral Commission Wednesday witnessed the delivery of the first batch of elections materials including ballot papers and Declaration of Results Forms for Elections of District Woman Representative to Parliament at Entebbe International Airport. This first
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The Minister of Agriculture, Animal Industry and Fisheries, Vincent Bamulangaki Ssempijja together with the Commissioner for Crop production in the Ministry, Alex Lwakuba on 4th December 2020 declared 11th of January 2021 on-wards as the appropriate date to start harvesting vanilla for the second season of the year 2020. The
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Four of the five monitored sectors in the monthly Stanbic Purchasing Managers’ Index (PMI) reported increases in output with the exception of construction as the November reading dipped to 53.9 down from 55.8 in October. Readings above 50.0 signal an improvement in business conditions on the previous month, while readings
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The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700 during the week ending December 4, 2020.In other domestic economic news, CPI data showed a slight drop in consumer inflation in November
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Housing Finance Bank, NSSF and ABC (Agent Banking Company) officials witnessing the first NSSF contribution of Shs30,000 through HFB Agent Housing Finance Bank, National Social Security Fund (NSSF) and ABC (Agent Banking Company) have today announced a partnership that enables social security collections through agency banking. The partnership means that
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Trading taking place at the bourse/USE There are 17 companies listed on the Uganda Securities Exchange (USE). Nine of the companies are locally listed while eight of them are cross listed from the Nairobi Securities Exchange. The local companies listed on USE include Uganda Clays Ltd (UCL), Cipla Quality Chemical
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President Yoweri Museveni has revealed that Government shall organize bailouts for businesses that have been badly hit by COVID-19 pandemic. The President made the remarks Sunday evening during his special address to the nation. “As we look forward to emerging from this COVID-19 nightmare, we shall organize bailouts for businesses
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The dollar index hit an almost three-month low on Friday after strong economic data from China pushed investors toward riskier currencies and equity markets extended their rally. The dollar has fallen more than two per cent so far this month after Democratic US President-elect Joe Biden's election victory and positive
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The Bank of Uganda (BoU) Deputy Governor, Michael Atingi-Ego (pictured) has called upon both Government and the people of Mbale city to further support the Agricultural Credit Facility (ACF) so that Mbale becomes a productive city instead of being a consumption city, saying; “I pray that the growing demand
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The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3680/3700. In the fixed income space, yields for a 3 year and 15 year printed at 15.50% and 15:30%, indicating an inverted yield curve.
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