The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 9%for the third time running. Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor, said the Central Bank maintained a neutral monetary policy stance in order to keep inflation close to the target
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President Yoweri Museveni is known to make pledges especially during Presidential campaigns as a way of wooing voters to his side. However, new released report to Parliament by the Government Assurance Committee shows that 55 presidential pledges in the health and works sectors have not been implemented. The Committee headed
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Kenya’s food imports crossed the KSh100 billion (UShs3.6 trillion) mark in the six months through June for the first time, official statistics show, underscoring the country’s growing reliance on foreign markets despite improved weather, Daily Nation reports. Food and beverages order bill from abroad stood at KSh108.51 billion (UShs3.9trillion) in
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By Aloysious Kasoma DHL Express, the world’s international express service provider, has urged Ugandan entrepreneurs to increase their share of the trillion-dollar global e-commerce market. During a workshop held at DHL Headquarters in Kololo on Thursday, Fatma Abubakar, Country Manager DHL Express Uganda said Ugandans businessmen and women should enhance
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Kyadondo East MP, Robert Kyagulanyi Ssentamu aka Bobi Wine has revealed that divisions in opposition reduce hopes of Ugandans to get liberated. In his message on why he supporting Kassiano Wadri, an independent in the Arua Municipality elections, Bobi Wine said the opposition need to you unite if they must
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The future of State House funded scholarship programme aimed at equipping Mulago Hospital surgeons with specialized training abroad is bleak, thanks to infighting among various government officials. Business Focus understands that President Yoweri Museveni came up with the programme in 2017 after Dr. Gideon Rukundo Rugari, a senior Surgeon at
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Police in Adjumani have taken to court three suspects, two of them being refugees, to answer to charges of murdering a pastor (featured in the picture). The deceased who was murdered by mob action was identified as Bunia Margaret, 45years, a pastor hailing from Dufele Sub County, Moyo district
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Justine Kasule Lumumba, the National Resistance Movement-NRM party Secretary General has asked Kasese district officials to prioritise NRM supporters when it comes to service delivery, URN reports. She issued the directive on Saturday during celebrations to commemorate the victory of NRM candidates in newly created Town Councils, Women Councils and
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A Chinese tourist was on Saturday evening attacked and killed by hippo on the shores of Lake Naivasha in Nakuru County, Kenya, Daily Nation reports. Kenya Wildlife Service (KWS) said the tourist was taking pictures when the attack occurred. KWS said Mr Chang Ming Chuang, 66, was pronounced dead on
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On Saturday August 11th, the Uganda Cranes played against Tunisia during the 2018 Rugby Africa Gold Cup, a qualifier for the 2019 Rugby World Cup in Japan. Uganda beat Morocco for their second consecutive win this year, cementing third place and their survival status of the first tier after losing
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