Uganda’s Central Bank, the Bank of Uganda (BoU) has announced that all licensed commercial banks can henceforth have direct access to the primary market for Government security operations. This means all 24 commercial banks licensed by BoU are now eligible to open Central Securities Depository (CSD) accounts at BoU for
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Uganda’s food crisis seems to be far from over. Even the ongoing rains may not save the situation as many farmers are already counting losses, thanks to the deadly armyworms that have destroyed several farms and unstable rains in some parts of the country. Currently, many Ugandans especially in urban
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In August 2016, Kenyan President Uhuru Kenyatta signed into law a bill limiting how much interest banks can charge for loans, despite assertions by top government officials that the legislation would damage access to credit in East Africa’s biggest economy. Lawmakers in the nation, which eliminated interest-rate limits in July
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A number of organisations are seeking to recruit qualified persons to fill various vacancies in the following fields; teaching, nursing, fisheries, procurement, research, accounts, driving and agriculture among others. Follow the following links for details; MRC Jobs http://www.mrcuganda.org/jobs Strategic Engagement http://www.strategicengagement.biz/careers.php Uganda Registration Services Bureau (URSB); http://www.ursb.go.ug/about-us/careers/ Spear Motors Ltd
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Umeme Ltd has recorded Shs99.7bn net profit in 2016, down from Shs105.8bn recorded in 2015. This represents a decline of 5.8%. This is contained in the company’s financial results for the year ended December 31, 2016 released on Monday. The directors have recommended a final dividend of Shs7.8 per share.
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Arua Member of Parliament, Morine Osoru, has been elected President of the Forum of Young Parliamentarians of the Inter Parliamentary Union (IPU). Osoru was elected on Sunday, after beating competition from Russia and Zambia, says a Monday, April 03, 2017 press statement from Parliament of Uganda. The legislator is part
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Stanbic Bank Uganda (SBU) is set to recruit 1,000 agents as Ugandan banks ready themselves to embrace a new model of banking-agency (agent) banking, Business Focus has established. This was revealed by Patrick Mweheire, the SBU Chief Executive Officer at the side-lines of a press conference to announce the bank’s
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Uganda youth have scooped the 2nd position in Sub-Saharan Africa (SSA) in as far as betting is concerned, a latest report has revealed. According to a recent GeoPoll rapid survey carried out among youth between the ages of 17-35 in Uganda, Kenya, Tanzania, Ghana, Nigeria and South Africa, most youth
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The Uganda shilling surrendered some ground, trading weaker due to uptick in demand from energy, telecom and import sectors during the week ending 31st March 2017. Trading was in the range of 3610/3620. In the fixed income market, Shs160billion was on offer. Yields dropped on the 91 and 182 paper
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Uganda’s First Lady, Janet Kataaha Museveni on Wednesday revealed that she was shocked by the attacks mated on her by now controversial social media commentator, Stella Nyanzi. The First Lady Of Uganda (FLOU) who also doubles a s the country’s Education minister and a known Born Again Christian said she
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