Commercial banks’ lending interest rates declined marginally to 20.2 percent in the quarter to April 2019 compared to 20.7 percent recorded in the quarter to January 2019, the State of the Economy Report June 2019 released by Bank of Uganda (BoU) says. This report presents domestic and external economic developments
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On Tuesday fans of one of Tanzania's oldest clubs will gather at the National Stadium in Dar es Salaam to celebrate "Simba Day". It is the culmination of "Simba Week" and features a friendly for the senior team against Zambia's Power Dynamos as well games for the under-20 and women's
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The Next Einstein Forum (NEF) today announced its third Class of NEF Fellows, 25 strong scientists, all under 42 years, whose research and innovations are contributing to solve Africa's and the world's most pressing challenges. "I am excited to announce the 3rd class of NEF Fellows for two reasons. The
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One of the most popular agribusinesses in Uganda is fish farming. Gone are the days when the only means of getting fish was by catching it from local Lakes, Rivers and swamps through trial and error. Today, the modern farm practice has made it possible to grow fish in the
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Uganda’s private sector saw further growth in production, new orders and higher employment according to the latest Stanbic Purchase Managers Index (PMI) with some businesses expressing confidence that this situation could continue throughout the year. The Stanbic PMI posted 58.2 in July, up from 57.8 in June. Improving business conditions
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An interview is usually an opportunity for candidates to showcase their skills, experience and suitability for a particular job/post. Whether or not a candidate passes an interview is determined by several factors including their preparedness, how they present themselves, confidence levels and the relevance of their answers. However, hundreds miss
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Top investigative Tanzanian journalist Erick Kabendera has been charged with "economic crimes" a week after his arrest. According to the charge sheet, seen by BBC, the charges are as follows: Leading a criminal gang between January 2015 to June 2019 Failing to pay tax, totalling to about $75,000 (£62,000) between
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Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine has mourned the death of singer Michael Kalinda, commonly known as Zigy Wyne (in featured photo), describing it as painful. Wyne passed on last night at Mulago hospital. Bobi Wine described the deceased as his brother, friend and fellow artiste. Wyne was
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Two South African pilots (in featured photo) behind a project that saw teenage students fly a homemade aircraft across Africa have been killed in a plane crash in western Tanzania. Des Werner and Werner Froneman were in a support plane following the teenagers that went down in Tabora region. They
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Researchers have launched an Ebola vaccine trial in the western part of the country on the border with the Democratic Republic of Congo. It is hoped the operation will provide key information about the immune response and the safety of the vaccine. "The trial will take about two years and
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