Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile will Monday December 18, 2017 issue the Monetary Policy Statement for the month of December. Analysts are anticipating a further reduction in the Central Bank Rate (CBR), a benchmark lending rate for commercial banks. It worth noting that the Central Bank reduced
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Ecobank Rwanda will invest more funds in agency and e-banking as the lender seeks to increase uptake of its digital products and bring on board the unbanked population across the country, official has said. This comes ahead of planned closure of five of the bank’s branches across the country next
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Men with more kilos than necessary are at greater risk of infertility, shows a study that also says they could suffer low sperm count and poor quality seed, the precursor to infertility. The study, published in the journal Human Reproduction last week, found that greater body mass index (BMI) was
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President Yoweri Museveni has urged cultural leaders and cultural institutions in the country to keep off politics, but rather endeavour to promote unity, togetherness and co-existence of all tribes and people of Uganda. The President added that cultural leaders and institutions should desist from meddling in politics because they are
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Seven teachers from five African countries have been included in the top 50 shortlist for the Varkey Foundation’s Global Teacher Prize 2018. Now in its fourth year, the US$1 million (Shs3.6bn) award is the largest prize of its kind. Catherine Nakabugo from Uganda, Ayodele Odeogbola and Itodo Anthony from Nigeria,
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Fresh details have emerged as to why Bank of Uganda (BoU) dropped lawyers from MMAKS and AF Mpanga in mediation talks between Crane Bank (in receivership/BoU) and property mogul Sudhir Ruparelia. Daily Monitor reports that it was the Principal Judge Yorakamu Bamwine who advised Bank of Uganda to appoint new
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Uganda's Leader of Opposition in Parliament (LoP), Winnie Kizza on Saturday afternoon survived death after the vehicle she was traveling in got involved in a nasty accident along Masaka road. According to local news reports, Winnie was traveling to Masaka when the vehicle she was traveling in, a Landcruiser registration
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A Ugandan innovator has won a top Africa innovation award, walking away with US$50,000 (Shs180.49m). Geoffrey Ssekatawa, the founder of Brent Technologies, a lubricant collection and recycling company was 12 winners of the African Entrepreneurship Award 2017 supported by AfriBMCE Bank of Africa. In its 3rd edition, African Entrepreneurship Award
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Dubai-based flydubai’s inaugural flight touched down Friday at Kilimanjaro International Airport, increasing capacity to Tanzania and further expanding its network in Africa to twelve destinations. flydubai will offer six flights a week to Kilimanjaro, three of which are via a stop in the capital, Dar es Salaam and will increase
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The Uganda Shilling remained stable but leaning towards a mild appreciation on the back of inflows from NGOs and Diaspora remittances amid sparse trading during the week ending 15th December 2017. Trading was in range of 3605/3615. This is ahead of Monday’s Monetary Policy meeting which is expected to continue the
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