The ongoing meltdown in the cryptocurrency industry could push an estimated four million Kenyans who hold the digital assets deeper into losses as the leading crypto Bitcoin struggles to stay above the key level of KSh2.3 million ($20,000). The crypto market, known for its wild price swings, has shed more
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To maximize tax collection, Uganda Revenue Authority (URA) has established mechanisms to start collecting VAT from non-resident service provider companies operating in the Ugandan economy, including Facebook. Collection of VAT from these companies is starting effective 1st July 2022 and will focus on all electronic service providers. Others
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Vincent Elong, the UPSTU chairperson Science teachers under the umbrella of Uganda Professional Science Teachers Union (UPSTU) have attacked their counterparts of Uganda National Teachers Union (UNATU) for allegedly sabotaging their salary enhancement. The allegations come barely hours after a meeting between UNATU leadership and President Yoweri Kaguta Museveni which resolved that
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Pupil at Kasimeri primary school during classes Secondary and primary schools in different parts of the country are luring teachers to classes with the promise of increasing the Parent-Teacher Association (PTA) allowances. At many of the secondary schools we visited, learning was taking place despite calls by the Uganda National Teachers Union (UNATU) to all
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Government through the Minister of Finance, Planning and Economic Development, Matia Kasaija has revealed that despite criticism from sections of the public, the construction of the East African Crude Oil Pipeline (EACOP) is expected to commence in the coming financial year. “While there have been negative campaigns against the development
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The monument of St Henry’s College, one of the Traditional Boys Secondary School. It is set to start admitting girls for Vocational Training Sessions St. Henry’s College Kitovu, a traditional boy’s secondary school in Masaka has decided to open its doors to female students after 100 years of existence. The
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Image of burnt school (courtesy image) Fire investigators have established that dormitories burnt at two separate schools last week in Wakiso district were set ablaze by primary four and primary seven pupils. It started with fire at Young Elite School in Kasokoso, Kira Municipality where a dormitory was burnt in
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By Dumisani Moyo, Marketing Director, SAP Africa The month of May is significant for the African continent because it is during this month that we celebrate Africa Day. Africa Day commemorates the formation of the African Union on May 25, 1963. It is a day when Africans celebrate the
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For many new and seasoned cryptocurrency investors, it is important to note that the ecosystem is characterized by bulls and bears – trending upwards or downwards depending on several market factors such as public hype, supply, demand, and investor sentiments, among others. Therefore, to sustain the community of users who
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A street view of London, UK. Kenyan buyers are spending an average of 210,000 pounds (Sh30.7 million) on a house in Birmingham, Manchester, London, Liverpool, and Leeds in the UK. PHOTO | SHUTTERSTOCK Kenya’s middle class and the ultra-rich have turned to the UK to buy houses for renting out
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