A peaceful settlement of Kenya’s political impasse will determine the country’s economic fortunes in the near and medium terms, the World Bank said on Thursday. The bank announced this as it downgraded its 2017 growth forecast to below five percent. Severe drought in the first half of the year, a
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The Uganda shilling strengthened marginally, primarily supported by Central Bank mopping up of excess liquidity in the money markets amidst low demand for the greenback during the week ending 8th December 2017. Trading was in range of 3610/3620. In the coming week, Bank of Uganda will hold the final Monetary Policy
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The National Drug Authority (NDA) is looking for competent persons with required skills, knowledge, attitude and qualifications to fill its mandate. NDA is an autonomous body which was established by the National Drug Policy And Authority Act Cap 206 , Laws Of Uganda (2000 Edition) to regulate human and veterinary
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Behavioral economics guru, Richard Thaler — this year’s Nobel Prize laureate in economics— has showcased that people are economically imperfect. Since humans are irrational we don’t fit neatly into economic models; we have cognitive limitations, social preferences, or, dare it be said, big problems with self-control. When it comes to decisions about
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By Nikki Summers The summer holidays are fast approaching and businesses in Kenya and the world at large are either gearing up for their busiest time of year, or their quietest, depending on their location and industry. No matter which camp you fall into, there are a few things you
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Swearing in an alternative president of Kenya would be an act of treason, the country’s attorney general said on Thursday, days before an opposition leader expects to be inaugurated by an unofficial people’s assembly. Such an inauguration would worsen the rifts opened by an acrimonious election season, when more than
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Opposition MPs have launched a new anti-Age Limit campaign ahead of tabling of the report by the Legal and Parliamentary Affairs Committee expected next week. Sources reveal that NRM MPs have finalized plans to pass the controversial Constitutional Amendment Bill (No.2) 2017 before end of this month. Brought up by
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The Business council for International Understanding (BCIU), a non-profit U.S Business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, has presented the prestigious Dwight D. Eisenhower Global Entrepreneurship Award to both Tony O. Elumelu and Bill Marriott, Chairman, Marriott International Inc. The
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Meshack Kipturgo is the Group Managing Director of Siginon Group, East Africa’s largest integrated logistics services provider. Siginon Group, which was founded in 1985, is a 100% Kenyan entity which began as a small clearing and forwarding company and has since morphed into a $100 million (UShs362.7bn) (annual revenues) regional
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Press freedom in Uganda is facing a deeply disturbing downward trend, United States Ambassador to Uganda Deborah Malac has said. She made the remarks last night while speaking at the launch of the Uganda Press Photo Awards (UPPA) publication titled 'UPPA: 5-years of Photojournalism.' The book, a brainchild of Foreign
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