In an impassioned keynote speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, African investor and philanthropist Tony O. Elumelu CON, challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs. “At TICAD
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A report on Kawempe Women Specialised Hospital has showed that 86 mothers and 2225 babies died in a single year at the multi-billion facility. The astonishing figures were revealed by Dr. Joyce Moriku, Minister of State for Primary Health Care, at the Ministry of Health while meeting with the MPs
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Directors and management of online news website, the Spy Reports (www.spyreports.co.ug) have issued an apology to Kampala Metropolitan Police (KMP) Commander, CP Moses Kafeero over a believably damaging story about his wedding. The soft-spoken police boss walked down the aisle, his longtime fiancée Mary Antonia Nakayita, 34, at St. Francis
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Equity Bank Uganda will be showcasing feasible investment and banking opportunities for Diaspora customers back home at this year’s Uganda North America Convention being held at the Hyatt Regency in Chicago, from August 29 to September 1, 2019. A delegation led by the Bank’s Executive Director, Anthony Kituuka (Centre in
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A new report has revealed the state of Uganda’s indebtedness, with public debt growing by 22% in the last two financial years. “Uganda's Public debt stock increased by 22% from Ushs.34.423.52 trillion recorded in the FY 2016l17 to Ushs.42.07047 trillion in the FY 2017/18. The existing debt stock constitutes of
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Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda. Tullow confirmed earlier Thursday that their Sale and Purchase Agreements (SPAs) deadline had passed. The Ministry’s Permanent Secretary, Robert Kasande in a statement
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Members of Parliament have urged government to learn from the Netherlands and build the capacity of farmers in a bid to transform the agricultural sector. The delegation led by Lyandro Komakech made this call following visits to agriculture equipment companies and farms in Netherlands on the sidelines of the 2019 Uganda Netherlands Business Convention.
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An agreement between Tullow Oil and two international oil companies to share the costs of developing a Ugandan oil field has been terminated, leaving Tullow to find new partners, Business Focus understands. It should be noted that on January 9, 2017, Total and Tullow entered into a Sale and Purchase
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TheWorld Health Organization (WHO) has asked Kenyans and East Africans to be vigilant against a fake antibiotic in circulation in the market. The WHO said that fake versions of Augmentin are in circulation in some pharmacies in Kenya. It also said they could be found in Uganda. Augmentin is a
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The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030. Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7. “Japanese technology can play a key role
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