The Uganda shilling maintained a firm stance, trading in the range of 3595/3605 supported by improved inflows mainly from commodities. Demand remained low during the week ending 8th September 2017. In the interbank money market, there was sufficient liquidity; rates remained stable with overnight funds trading at an average of
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Kitante Golf Course was the set for an allure of class, excitement as lady golfers from across golfers teed off for this year’s Tusker Malt Uganda Open. Playing host to golfers from Nigeria, Zimbabwe, Kenya, Tanzania, Rwanda, Burundi and Uganda, the course was set for yet another showdown of might
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NASA leader Raila Odinga on Thursday claimed that criminals started posting results into the Independent Electoral and Boundaries Commission (IEBC) servers a day before the election date (August 8), reports the Standard newspaper. He said that NASA technology experts were able to discover the malpractice from the logs given to
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The Illuminati have come into play in the recent women murders in Nansana Municipality and Katabi Town Council, Entebbe, government has said. This Thursday afternoon Minister of Internal Affairs, Jeje Odongo tabled an 8-page statement before Parliament explaining the recent murders of 21 innocent women. The murders take a similar
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The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made
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Tanzania’s President John Magufuli said on Thursday he had ordered a review of a contract belonging to Petra Diamonds Ltd in Tanzania and asked senior public officials to resign over the outcome of a probe into the sector. “I have endorsed all the recommendations of the parliamentary probe committees for
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Bank of Uganda (BoU) Deputy Governor, Dr Louis Kasekende has advised banks on how they can stay sound and strong. Kasekende revealed corporate governance, external auditors and prudential regulation and supervision by the Central Bank are key in keeping banks sound and strong. He said this while delivering a Keynote
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Kenya's electoral commission has announced changes in its top personnel to oversee the new presidential election next month, while campaigning officially began Wednesday. Six officials have been appointed to run the new vote ordered by the Supreme Court after it nullified President Uhuru Kenyatta's re-election, a statement by commission Chairman
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There was drama in Kenya's coastal city of Mombasa when two suspected car thieves, one of them with a snake around his neck, walked naked through the streets. But it turned out to be a publicity stunt. The men, covered in mud, were said to have been bewitched after stealing
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Local and international agricultural exporters in the coffee, tea, cotton & cocoa sectors on Wednesday converged at Sheraton Hotel, Kampala to find solutions to production, market and financial related issues. The breakfast meeting was organized by dfcu Bank. Uganda’s agricultural products constitute 80% of her total exports and while the
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