MTN Uganda has announced that effective June15, 2017 it will revise its Mobile Money charges. “Please be advised that from 15th June 2017, MTN Mobile Money sending and withdrawal fees will be revised,” a message from MTN Uganda to its customers reads. According to the revised tariffs available on MTN
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A latest report indicates that Operation Wealth Creation (OWC) Programme created a few years ago is failing to fulfil its duties. According to a report by Parliament’s Sectoral Committee on Agriculture, Animal Industry and Fisheries on the implementation of OWC obtained by Business Focus, a number of farmers are eating
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Middle East Consultants (MEC) Ltd, one of the leading job exporting companies in Uganda has landed a huge deal to supply close to 2,000 medical practitioners to Libya. The company that is fully licensed by the government of Uganda to export labour says 600 slots are available for enrolled nurses
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Uganda's State House has asked Parliament to approve its supplementary budget totalling to Shs23.1bn as the 2016/17 Financial Year nears closure. On Wednesday, State House officials led by the Minister for Presidency, Esther Mbayo appeared before the Parliamentary Budget Committee to defend the requested money. She was accompanied by State House
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The commission of inquiry into land matters has heard that there is massive corruption at every stage of lands survey in Uganda. According to local news agency, surveyors told the Justice Bamugemereire-led commission that they are often forced to pay bribes in order to have their papers cleared for land
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Uganda Revenue Authority (URA) has collected Shs9.2trn in the last three quarters (9 months) of 2016/17 Financial Year (FY), a contribution of 70.11℅ to the annual target of 13.1trn. However, the tax body registered a shortfall of Shs240bn in the same period, thanks to the bad economy. Addressing the press
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On October 20, 2016, the Bank of Uganda (BoU), the regulator of Uganda’s financial sector, took over the management of Crane Bank Ltd after it (Crane Bank) became “a significantly undercapitalized institution.” Consequently, on February 27, 2017, BoU announced the acquisition of the now defunct Crane Bank by dfcu. The
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South Africa's Vodacom is set to a 35 percent stake in Safaricom from its parent company Vodafone for US$2.59 billion (Shs9.39 trillion), expanding its reach into Kenya. Safaricom, which is 40 percent owned by Britain's Vodafone and 35 percent by Kenya's government, has the largest subscriber base in its home
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The government has been urged to fix Uganda’s ailing economy and security before rushing to fix the media. The call was made by Media experts on Tuesday during a meeting convened at Office of the President in Kampala to assess media coverage on national security. As per the program, the
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The National Drug Authority has urged the public against buying medicines that aren’t translated in English. This comes follows the findings that some imported medicines on the Ugandan market aren’t labelled or translated in English yet it is mandatory. For example, NDA recently found TobraDex that is produced by Alcon
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