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Ugandan Businesses Guaranteed Internet Connectivity
TweetUgandan internet users can finally stop worrying about going offline due to fiber cuts. MTN Uganda has announced that it will offer Internet geographical redundancy by providing three Internet...
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MAMA App Here
TweetAfter acquiring Warid Telecom a few months back, Airtel Bharti has since revitalize their services and have now rolled out Uganda’s first interactive mobile app the MAMA. The “My Airtel My App”(...
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Umeme Share Price Unchanged Despite Contract Termination Fears
TweetUmeme’s share price at the Uganda Securities exchange is maintained at UGX 370 per share. Trading activity remained unhinged with about UGX 18 million worth of shares traded just a day after...
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Uganda Inflation Ascends To 7.1 In March
TweetUganda’s headline inflation rate rose to 7.1 percent in March from a revised 6.8 percent a month earlier, the Uganda Bureau of Statistics said on Monday. Core inflation, which excludes both food...
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Heritage Oil’s Request for Open Court Proceedings Denied
TweetThe commercial division of High court has rejected a request by Heritage Oil and Gas to handle its appeal challenging the ruling of Tax Appeals Tribunal ruling on its US $ 435 million tax...
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Bank Lending Rates Hit A 2 year Low
TweetAverage lending rates on loans have dropped to the lowest level since June 2011, due to the growth in household borrowing. Prof. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda disclosed...
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Kalangala Hit by Fish Scarcity
TweetFish shortage has hit hotels, beaches and restaurants in Kalangala following intensified operations against illegal fishing activities in the district, which has seen 10,000 fishermen banned from...
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Mauritius Bourse To Enter Ugandan Market
TweetThe Capital Markets Authority is in final plans to approve a licence for another bourse ALTX Africa Group Ltd., based in Port Louis, Mauritius to enter the local market. ALT Xchange Ltd. will...
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Youth In Agribusiness To Get Financial Literacy Training
TweetA group of 450 youth in agribusiness in Bwera, Rukungiri, Wakiso, Kyenjojo, Mpigi, Jinja and Kampala city will receive free financial literacy skills to boost their businesses and income, starting...
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Tullow Oil In US$500M Refinancing
TweetTullow Oil has announced that it has refinanced its US$500 million corporate revolving credit facility and that it has successfully increased the size of the facility to US$750 million and...
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Electricity Tariffs ‘Reduced’ By 0.7 percent
TweetUganda’s electricity tariff for the next three months from April 2014 has been reduced marginally by 0.7 percent, due to reduced global fuel prices. The Electricity Regulatory Authority today...
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Ziwa Rhino Sanctuary Happy With Numbers
TweetNakasongola based Ziwa Rhino Sanctuary head ranger Godfrey Lutalo is happy the number of Uganda’s rhino population has more than doubled in recent years. This has renewed hope that the endangered...
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Don’t Say We Didn’t Warn You! Telexfree Files For Bankruptcy, Billions Lost
TweetTelexfree LLC on April 13, 2014 gave millions of people around the world what financial experts termed as ‘financial nightmare’. This is after it emerged that the online company had filed...
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Outstanding Employers To Be Recognized
TweetKCCA workers collect garbage on Dewinton Street recently. Rosemary N. Ssenabulya FUE ED noted that the awards to recognize the best employers is meant to encourage self regulation among employers....
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What Happens to Umeme Shareholders if the Contract is Terminated?
TweetThe National Social Security Fund (NSSF) owns about 8percent shares worth 48billion Uganda Shillings in power distributor Umeme. NSSF is one of the shareholders in Umeme that have not been moved...
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NWSC Frustrating Locals
TweetA change of water suppliers has not changed Luweero’s fortunes. Luweero residents can only expect piped water supply four hours a day. The Luweero water supplier is National Water & Sewerage...
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Microsoft acquisition of Nokia’s mobile business to be finalized on April 25
TweetMicrosoft’s acquisition of Nokia’s devices and services business will be finalized as of this Friday, April 25.Microsoft will pay $5 billion for Nokia’s devices and service unit and $2.2 billion...
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Nakumatt Protest Shoprite Takeover Delay
TweetA Nakumatt outlet. The chain is acquiring Shoprite stores in Tanzania. Photo/NetNakumatt, East Africa’s largest retailer, has protested a court order barring its takeover of Shoprite withdrawn...
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Somali Owned Dahabshiil Wins injunction Against Barclays
TweetBritish banking giant Barclays Bank has lost an interim injunction preventing them from terminating the banking services it provides to Dahabshiil, the largest African Money Transfer Operator. In...
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Chinese Contractor Cites Absence Of Skilled Ugandans At Karuma Dam
TweetWork at the prodigious Shs 4.3 trillion, 600Megawatts Karuma hydropower dam that started four months age has slugged abit after Sinohydro Corporation Ltd, the contractor of the project revealed it...
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