1.5 billion International tourist arrivals were recorded in 2019, globally. A 4% increase on the previous year which is also forecast for 2020, confirming tourism as a leading and resilient economic sector, especially in view of current uncertainties. By the same token, this calls for such growth to be managed
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A final deal to end a long dispute over a mega dam using the River Nile waters is on the brink, but who is winning? In public, negotiators from all sides say the initial agreement is a win-win for both Egypt and Ethiopia. But Ethiopia seems to be pretty much
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As Ministry of Finance, Planning and Economic Development headed by Matia Kasaija as line minister finalizes the Budget strategy for FY2020/21 anchored on the medium-term growth and development objectives of the 3rd National Development Plan (NDP 111), Civil Society organizations (CSOs) under their umbrella Civil Society Budget Advocacy Group (CSBAG)
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By Bishop Johnson Twinomujuni (pictured above), West Ankole Diocese Pastor Bugingo has made a declaration that the phrase 'till death do us part' is not biblical, and that it is from Satan! In so doing, the pastor attacks the Roman Catholic, Anglican and Pentecostal Churches, associating them with what he
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By D. Gumisiriza Mwesigye I had set my day to end with a visit to the famous Zoe Grounds [Lugogo, Kampala], to hear for myself what is in store for 2020 from Prophet Elvis Mbonye. The event has been so hyped on social media by his followers (who identify themselves
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By Richard Byarugaba From this Monday, 13th to Friday 17th January 2020, your Fund, National Social Security Fund (NSSF), working with Ministry of Health and the Uganda Blood Transfusion Services (UBTS) will yet again run the NSSF Blood Donation Drive campaign. This will be the 9th NSSF Blood Drive for
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Every year Business Focus publishes a comprehensive list of Chief Executive Officers (CEOs) and business personalities to watch and 2020 is no exception. This is because their roles are more than a title; CEOs make sound decisions for organizations they head. They are responsible for their actions and decisions taken.
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The Stanbic headline Purchase Managers Index (PMI) for the final month of 2019 saw a further improvement in business conditions in the Ugandan private sector. Although the headline PMI recorded 57.7 in December, slightly down from 58.6 in November, private sector players surveyed reported a general improvement in business conditions.
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Mitch Kahn remembers how, when fighting began in the second war in Iraq, prices for US crude oil spiked $10 per barrel overnight. That would have meant a profit of $50,000 if a trader had made the smallest purchasing trade possible. Or, just as big a loss if the trader
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Nakumatt Holdings had lent its directors more than KSh1 billion (UShs36.36bn) in interest-free soft loans by the time it was placed under administration on January 22, 2018, according to a review of the company’s financial statements. The related party transactions were recently disclosed in a report for the year ended
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