President Yoweri Museveni is investigating reasons why Uganda Revenue Authority (URA) took more than three years sitting on the whistle blower information showing tax evasion at Kampala Nissan which is also called East African Motors Ltd, Business Focus reveals. State House economic desk sources show that through one of his
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The US Federal Reserve has said it would raise its key interest rate by 0.25%, the second rise this year. The central bank voted to raise its key rate target to a range of 1% to 1.25%. That's the highest level since 2008, when policymakers cut rates to encourage borrowing
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Latest information indicates that there's panic at Ministry of Finance, Planning and Economic Development since President Yoweri Museveni has just got info that a top official in that ministry tried to extort money from Italian investor Enrica Panetta behind the Shs900bn (or USD250M) hospital in Lubowa near Quality Supermarket. Reliable
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Ugandans who have been using emergency pregnancy control pills have a reason to worry after it has been discovered that some of them are fake and may not serve the intended purpose. National Drug Authority (NDA) has confirmed that the counterfeit Postinor2® is already circulating on the Ugandan market. Postinor2®
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Tanzanian President John Magufuli has directed the confiscation of all undeveloped farms in the country and ordered that they be reallocated to other citizens. The President made the directive during a meeting with Regional Commissioners (RCs), at State House in Dar es Salaam on Tuesday. President Magufuli said it isn’t
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Kenya Airways has moved a step closer to operating direct flights to the United States after the Department of Transportation (DOT) granted it the first set of licenses. The national carrier has received “exemption authority” from the DOT, allowing it to commence flights to the US provided it secures clearance
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By Katusiime Kellen Airtel Uganda has joined hands with Uganda Blood Transfusion Services (UBTS) to mobilize the public to donate blood in a 4-day campaign. Airtel and UBTS have set up six centres within Kampala and its suburbs to enhance their ‘Be Red Campaign’ which targets to raise over 4,000
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United Bank for Africa Plc (UBA) successfully raised USD500 million through a debut Eurobond that was over-subscribed by 240%. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S)
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Uganda should resort to witchcraft and violence if she wants to solve the now controversial land question, says President Yoweri Museveni's Senior Advisor on the media. Tamale Mirundi revealed this while appearing on local Tevelevision NBS on Tuesday morning. The One-on-One With Tamale Mirundi show is hosted by Simon Muyanga
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The Uganda government chief whip Ruth Nankabirwa has scoffed at National Resistance Movement (NRM) members allegedly soliciting for money from the party so they can push through for a constitutional amendment to lift the presidential age limit. A number of legislators are reported to be making financial demands in order
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