The Minister of Trade, Industry and Cooperatives, Amelia Kyambadde Tuesday met with the three cement manufacturers (Hima, Tororo Cement and Kampala Cement) and wholesalers to address the issues of increased cement prices. This follows the sudden increase in prices of cement from an average of Shs30, 000 per 50kg bag
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President Yoweri Museveni has challenged Western companies to take interest in helping Africa explore its resources potential, saying the continent presents immense business opportunities. "There is a lot of sleeping in Africa. You find people who should know but instead don't know," said the President. "And also there has been
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South Africa’s MTN has signed an agreement to form a partnership with Pan-African Bank- Ecobank on mobile banking across Africa, the telecoms group and lender said on Tuesday. Rob Shuter, group CEO of MTN, and Ade Ayeyemi, CEO of Ecobank, attended the signing in Lagos, the commercial hub of Nigeria.
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The Government has blocked Uganda Revenue Authority (URA)’s directive to banks to release all their customers’ account details to the tax body. The decision to stop URA’s move was taken at a Cabinet Meeting held On Monday 9th April, 2018 at State House Entebbe. The meeting was chaired by President
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Uganda's ICT Minister, Frank Tumwebaze has spoken out on the controversial social media tax proposal. Tumwebaze who was on Tuesday briefing the media about cabinet deliberations held on Monday said the proposal by the president had been misunderstood. "No body has proposed a social media tax. The proposal by the
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The Speaker of Parliament, Rebecca Kadaga, has expressed concern that most Sub-Saharan African economies have been left out of the progress of financial growth putting them on a parallel growth pattern compared to Middle East countries. Kadaga made the remarks at the 8th Annual Investment Meeting (AIM) in Dubai, which
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Lack of a law protecting investors from counterfeits is chasing away serious investors from coming to Uganda, Gideon Badagawa, the Private Sector Foundation Uganda (PSFU) Executive Director has said. Appearing before the Parliamentary Committee of Trade on Monday to give his views on the sector’s policy statement for 2018/2019 budget
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Bank of Uganda (BoU) didn't sell Crane Bank to dfcu but the latter just assumed the former freely, Dr. Louis Kasekende, the Deputy Governor, BoU has said. Speaking at the Twenty-Year Anniversary Dinner for the Uganda Securities Exchange (USE) at Serena Hotel, Kampala on April 06, 2018, Kasekende revealed fresh
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South Sudan’s former army chief Paul Malong has formed a new rebel movement. Mr Malong fell out with President Salva Kiir last year and was sacked from his post in May 2017. He was then held under house arrest for six months. Despite this, he remains one of South Sudan’s
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The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion (Shs3.6 trillion) since launch less than 18 months ago. With over 4 million users, the Ecobank Mobile App is available to all, enabling users to open
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