The Bank of Uganda (BoU) on Monday reduced its Central Bank Rate (CBR), a benchmark lending rate for commercial banks to 10% for the Month of June, down from 11% in April, 2017. Announcing the move at BoU headquarters in Kampala, BoU Governor, Prof. Emmanuel Tumusiime Mutebile attributed the reduction
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Rwanda's ruling party on Saturday chose longtime President Paul Kagame as its candidate for the August election, where he is expected to face a handful of challengers who either represent small parties or are independent. Kagame, 59, who has ruled this East African nation since 2000, was elected unopposed by
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This week, Uganda welcomes U.N. Secretary General Antonio Guterres and other high-level international guests and donors for the Refugee Solidarity Conference. Conflict and hunger in South Sudan continue to send civilians across the border, and Uganda now hosts more refugees than any other country besides Turkey. With this week’s conference in
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A US-led coalition fighter jet has shot down a Syrian military plane in Raqqa province, the US has confirmed. The SU-22 fighter bomber was engaged by an F/A-18E Super Hornet after it had dropped bombs near the US-backed Syrian Democratic Forces, the Pentagon said. It is the first time in
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Uganda’s Speaker of Parliament, Rebecca Kadaga has asked men to let their wives work and not ask them about how much they earn. She made the remarks on Friday evening while treating the Muslim community to Iftar fete held at Parliament. Kadaga was responding to remarks made by Dr. Anas
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Stanbic Bank Uganda has appointed Daniel Ogong as its new Head of Marketing and Communications, Business Focus reveals. He takes over from Sonia Karamagi, who has been Acting as Head of Marketing and Communications. Ogong joins Uganda’s most profitable bank from Nile Breweries where he previously worked for 15 years
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Uganda's President Yoweri Museveni on Sunday reached an agreement with Chinese investors on three key projects. The investors met the president at State House, Entebbe, accompanied by the Asian giant's ambassador to Uganda. "I witnessed the signing of Memorandum of Understanding between the investors and the Uganda government for three
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The just concluded Iftar fete held by Parliament saw the institution spend Shs54.87m, Business Focus can reveal. The meal prepared to break the fast for Muslims who are undergoing the Ramadan fasting period took place at Parliamentary parking on Friday evening. [caption id="attachment_1523" align="alignnone" width="500"] Parliament has spent Shs54m On
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The outlawed Lord's Resistance Army (LRA) has stepped up attacks in Democratic Republic of Congo close to the South Sudanese border as a U.S.-supported regional task force pulls out, the U.N. humanitarian office said in a report on Friday. Forty rebels from the group, which is led by Joseph Kony,
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Ugandan Women legislators under their umbrella group - the Uganda Women Parliamentary Association (UWOPA) want government to investigate several high profile cases of sexual offences immediately. This comes a few weeks after reports emerged implicating the late Prof. Lawrence Mukiibi, the former Director of St. Lawrence Schools and Colleges for
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