The Uganda shilling weakened as the week came to an end, shedding off most of its gains, undermined by corporate and interbank demand during the week ending 23rd February 2018. Trading was in the range of 3650/3660. In the money markets, overnight funds traded at 8% while one week traded
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President Museveni has vowed to ensure that power producers in the country don't charges high electricity costs for manufacturing. He says the cost of electricity in Uganda must not go beyond 8 American cents. Museveni said that the manufacturers must get electricity at 5 American cents. Museveni told the Joint
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The Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has ordered a forensic audit into the supply of seed made by nine companies contracted by the National Agricultural Advisory Services (NAADS). The Committee Chairman and Bugweri County MP, Abdu Katuntu issued the directive following an interface with officials from
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Uganda National Examination Board-UNEB generates unspecified amount of money through the sell of national examination results to parents and media houses. The quickest way to access the examination results is by use of Short Message Service-SMS Platforms, a paid for service across different mobile telecom platforms. Members of the public
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President Salva Kiir should relinquish power to somebody who is anti-social, very selfish and is near him, said a top religious leader in the country in an open letter released this week. Reverand Canon Clement Janda said nothing would change if President Kiir continues to remain in power “As we
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The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s 94th Agriculture Outlook Forum in Virginia on Thursday, on the
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Proline is among the established teams in danger of facing relegation this season after a poor start to the second round. They sit one place above the red zone but level on points with UPDF, who are in the 14th place of the 16-team log. The Lugogo-based side owned by
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Operation ‘clean’ banking sector has left Justine Bagyenda, the former Executive Director-Supervision at Bank of Uganda (BoU) more troubled. It seems government doesn’t want to see her play any role in Uganda’s banking sector going forward. As she was coming to terms how her 36-year stint at BoU unceremoniously came
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The Uganda National Meteorological Authority (UNMA) on February 20, 2018 released Uganda’s seasonal climate outlook for March to May of this year. March to May (MAM) constitutes the first major rainfall season in Uganda. During the 48th Climate Outlook Forum for the Greater Horn of Africa held in Mombasa, Kenya
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Anti-corruption watchdog Transparency International published Wednesday its latest global corruption perceptions index. The index, which ranks 180 countries and territories by their perceived levels of public sector corruption according to experts and business people, uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very
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