The Trade Ministry is considering terminating Uganda's membership to some international organizations citing lack of subscription fees. The Trade Ministry Permanent Secretary, Julius Onen disclosed this while appearing before the Public Accounts Committee on Wednesday. The matter came to the fore during the scrutiny of queries raised by the Auditor
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Three large Ugandan firms are set to make millions after they were exclusively allowed to bring poultry products into Kenya. Kenya has partially lifted the ban on the products from the neighbouring country after an eight-month embargo that saw chicken and eggs locked out of the KSh500 million market following
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By Lydia Kayonde, One of the most significant changes in financial services over the past few decades has been the growth and adoption of Bancassurance. Whileit may sound like a complex word, it isa simple term coined by combining two words, bank and insurance. The sale and distribution of insurance
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In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group Wednesday in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million (UShs1.6 trillion) state-of–art and fully integrated sugar
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It was the most disastrous product recall in the history of the mobile phone industry. Now, a year on from the exploding Galaxy Note 7 fiasco, Samsung on Wednesday unveiled the new version of its giant smartphone. It should be a nervous moment for a company which has had what
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Uganda and Tanzania have ceased to be Kenya’s export drivers after relinquishing the position to Pakistan and the United States that have upped their appetite for Kenyan goods. The Daily Nation reports that Pakistan has this year overtaken Uganda as the largest buyer of Kenyan goods, while the United States
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The U.S. African Development Foundation (USADF) in collaboration with partners Power Africa and GE Wednesday announced the winners of the 2017 Women in Energy Challenge in Uganda, where only 20% of the population is connected to electricity. Joint Energy and Environments Projects (JEEP) and Conservation and Development Uganda Limited (CODE)
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Sheila Gashumba, a celebrated TV personality and daughter of social commentator Frank Gashumbahas landed a year-long lucrative deal at Africell Uganda. The telecom firm contracted Sheila Gashumba as ambassador for its Triple Data offer. While officially unveiling the Triple Data offer to the Ugandan market Wednesday afternoon at their head
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Being a business owner is hard. You’re not going to get the results you want overnight. You’re going to want to give up. However, the next time you are tempted to call it quits on your business, read these five favorite inspirational quotes and get back to work. “If you
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Profits recorded for Ugandan banks in 2017 are set to drop as effects of the hard economic times begin to manifest. In 2016, banks registered huge profits, having concentrated their efforts on recovering Non-Performing Loans (NPLs) while remaining cautious towards lending. Consequently, total industry profit increased to Shs676.73bn in 2016,
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