Minister of State for Finance (General Duties), Henry Musasizi Parliament's Joint Committees of National Economy and Finance have recommended that the Ministry of Finance sues Standard Chartered Bank for breach of contract and wasting Parliament’s time in considering their loan proposal. This is after the lender failed to raise money /loan it had
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The Uganda Human Rights Commission (UHRC) has revealed that the prolonged dry spell that ravaged Karamoka dub-region claimed lives of 2,255 people in the districts of Kotido, Moroto, Kaabong and Napak. The Commission made the shocking revelation in their 25th Annual Report on the State of Human Rights and Freedoms
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Edward-Claessen-Head-of-the-EIB-Regional-Office-in-Nairobi-during-the-visit-to-Vert-Limited A delegation representing the European Investment Bank (EIB) is on a week-long visit of Uganda to discuss a pipeline of investment opportunities in the country. Led by the Head of the EIB Regional Hub for Eastern Africa, Edward Claessen, the delegation is visiting the ministries of water, transport, energy,
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Representatives of Taasa Obutonde partners in a group photo Stanbic Bank Uganda Limited, together with its partners in the Taasa Obutonde campaign will mark the 50th Anniversary of the World Environment Day on June 5 with activities aimed at reducing plastic pollution across Uganda under the hashtag #BeatPlasticPollution. This year’s World Environment Day theme
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Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks. But the projected growth will depend on global conditions and the continent’s ability to bolster its economic resilience, the African Development Bank’s
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The Government of Uganda plans to abandon a move to borrow Euro500M (Shs2.008Trn) from Amarog Capital Ltd, Sovereign Infrastructure Group and other financial institutions, after discovering that Amarog is a private money lender operating in agriculture sectors in Kenya and Uganda. The Minister of State for Finance (General Duties), Henry Musasizi (pictured),
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Hon. Lamwaka presented the committee report on the bill Parliament has passed the Competition Bill 2022 that will facilitate fair competition in markets and prevent practices having adverse impacts on competition in markets. The bill primarily seeks to control anti-competitive behaviour of firms that has a negative impact on competition
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Workers sorting tomatoes/Business Focus photo Parliament has approved a provision in the Employment Amendment Bill 2022, mandating all employers to provide all employers with contracts after six months of working continuously despite a heated debate over the matter. While presenting the Committee report, Flavia Kabahenda (DWR Kyegegwa) recommended an ation
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African Development Bank President, Adesina In its latest annual report released on 25 May 2023, the African Development Bank Group highlights its critical contributions to the continent’s development and the wellbeing of its people in 2022. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank's support to the
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President Museveni a few months ago launched the oil rig at Kingfisher in Kikuube District. The Kingfisher area is operated by CNOOC Uganda Companies working to develop oil and gas in the Albertine region are bitter that their suppliers have hiked prices for food. The companies have indicated to our
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