The Uganda Shilling strengthened and registered substantial gains in the week ending 10th November 2017 in what was seen as market correction after overshooting through key support levels due to sentiment related to political uncertainty in the region. Trading was in the range of 3610/3620. In the money markets, there
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President Yoweri Museveni has urged Ugandans to make sure that they prepare to benefit and earn from the Hoima- Tanga crude oil pipeline. This was during a rally President Museveni and his visiting Tanzanian counterpart. John Pombe Magufuli addressed Thursday at Kyotera Local district headquarters. “We have brought wealth to
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After retiring from civil service, Israel Mudimba Mangeni attempted join elective politics albeit unsuccessfully. He was working at the ministry of finance headquarters in Kampala. He was defeated three times and lost part of his savings in the process. Mudimba had earlier contested to become the Bukooli South Constituency MP
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After holding two elections within three months, Kenya is no closer to resolving a standoff over who is its rightful leader. President Uhuru Kenyatta was named the winner of the latest balloting Oct. 26. But his opponent, former Prime Minister Raila Odinga, calls the vote a sham, and its legitimacy is
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Kenya Commercial Bank’s (KCB’s) regional subsidiaries have registered profit on the back of relative currency stability, helping the lender absorb the impact of the interest rate cap back at home, reports the Standard. The six subsidiaries, including Uganda and Tanzania, collectively contributed Sh586 million in the January-September period, up from
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The Government of Uganda has asked striking doctors to return to work, arguing that their grievances are being handled. In a statement dated November8, 2017, Dr. Jane Ruth Aceng, the Minister of Health and David Karubanga, the Minister of State for Public Service thanked ‘Patriotic’ Doctors who remained at work
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MTN Uganda Wednesday announced the winners of the MTN Innovation Awards 2017 at a gala dinner on hosted at the Kampala Serena Hotel. Nine innovations were recognized, each walking away with $3,000 and a plaque. The nine winners were selected by a panel of judges from a nominee list of
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The Minister of Justice and Constitutional Affairs Maj. Gen Kahinda Otafiire has responded to Bishop Robert Muhiirwa's comments on the amendment of the constitution to remove presidential age limits. Bishop Muhiirwa who led Mass for Catholics from Mbarara Archdiocese on their annual pilgrimage to the Martyrs Shrine in Namugongo, reminded
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Bank of Uganda (BoU) lawyers; AF Mpanga and MAAKS Advocates have leaked the client list of former Crane Bank account holders. The list was submitted to the Commercial Court as evidence in the Crane bank saga and ongoing court battle between Bank of Uganda (Crane Bank under receivership) and Sudhir
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Deadlock over the allocation of leadership posts has forced Kenya’s parliament into an unscheduled three-week recess, lawmakers said on Wednesday, indicating a protracted political crisis could reverberate beyond the October election. Political stalemate has gripped Kenya, East Africa’s most advanced economy and an ally of the West against militant Islam,
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