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Kitgum Stuck With Unspent Shs 3.6 Billion
TweetKitgum district is stuck with more than 3.6 billion shillings a few weeks to the end of the 2013/2014 financial year. BoU Governor Tumusiime Mutebile confers with Treasury Secretary Keith...
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BOU Reduces Key Lending to 11 %
TweetRiding on lower inflation and projected rebound in economic growth in the next financial year, Bank of Uganda (BOU) has reduced the Central Bank Rate (CBR) to 11 percent. Prof Emmanuel...
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Two Bidders Pullout of Uganda’s Refinery Construction Race
TweetThe Petroleum Exploration and Production Department (PEPD) has today confirmed that four of the six shortlisted consortia have submitted detailed proposals for the construction of a refinery in...
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Uganda’s Top 2013/14 Tax Defaulters Named
TweetAs the financial year comes to a close, the pressure on Uganda Revenue Authority (URA) to bridge the revenue collection shortfall is at its peak. Today, the revenue body released a list of 178 tax...
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Uganda To Reduce On Domestic Borrowing
TweetFalling revenues and a rising supplementary budget due to the UPDF activities in South Sudan, led the government to borrow an extra 700billion Uganda Shillings through issuance of treasury bills...
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Owino Traders Raid New Shopping Space
TweetVendors in Nakivubo park yard have started pooling resources to book space in the newly built Ham Shopping grounds. The four storied complex stretches from Namirembe road opposite Jesco building...
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M7: Gov’t To Fund Ugandan Scientists
TweetPresident Yoweri Museveni has noted that Government is to fund Ugandan scientists to enable them further their skills as well as develop the Country’s Industrial Sector. This was revealed in his...
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Uganda – UK Convention To Address Economic Issues
TweetThis year’s Ugandan Convention UK will unearth the untold opportunities in the sectors of Energy, Finance, Oil & Gas, Tourism, Telecoms, Agriculture, Banking and Finance, Education,...
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Court Battles Delay Old Taxi Park Redevelopment
TweetCourt battles have delayed the proposed redevelopment of the Old taxi park. Peter Kauju, the Supervisor of Communications and Media Relations Kampala Capital City Authority says the redevelopment...
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Uganda To Host Global Trade Forum –Olive Kigongo
TweetChambers of Commerce from across East Africa and their business members are being offered an opportunity to develop trade and commercial ties at a Global Trade Forum set to take place in Kampala...
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Budget Indiscipline Fuelling Wastage-CSO’s
TweetThe Civil Society Budget Advocacy Group is calling on government to reduce wastage and increase emphasis on improving service delivery. The group is a coalition of CSO’s formed to influence...
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Kampala Inches Closer To Cable Cars
TweetIn the next 12 days, Kampala Capital City Authority (KCCA) will announce the company that will undertake a feasibility study for cable car transport in the city. Following continued traffic jams...
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Uganda Farmers Ask Parliament To Trash Tobacco Control Bill
TweetTobacco farmers under the umbrella body Uganda Tobacco Growers Association (UTGA) consisting of 60,000 farmers from 25 districts in West Nile, Bunyoro, Mubende, and North Kigezi have urged the...
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Uganda Coffee Crop Benefiting From Rain Before Harvesting
TweetCoffee trees in Uganda, Africa’s largest producer of the robusta variety, are benefiting from more rainfall before the harvest starts in October. The rain will benefit flowering for the main...
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2013/14 Review As Minister Kiwanuka Presents New Budget
TweetUganda’s economy grew lower than projected in the 2013/14 National Budget, as exports to the global market slowed. This was further compounded by the war in South Sudan, which particularly...
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Kitgum Locals Warn Umeme
TweetA umeme official at workThe Resident District Commissioner (RDC) of Kitgum district Lt. Okot Santos Lapolo has issued a 3 months ultimatum to Umeme Limited to stabilize electricity supply or face...
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MTN Uganda Expects Double-digit 2014 Revenue Growth
TweetMTN Uganda, the local unit of South African telecoms giant MTN Group, expects its 2014 revenues to grow by 10 to 12 percent, boosted by its mobile money and data businesses, the chief executive...
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British Oil Company Chased From Virunga National Park
TweetSOCO International PLC, a British oil company exploring oil in Virunga National Park in Democratic Republic of Congo (DRC), has finally decided to end its operations in the area amidst pressure...
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Minister Byandala Rejects Proposals to Include Luweero on SAGE programme
TweetAbraham Byandala, the Works and Transport minister has criticized the Social Assistance and Grants for Empowerment-SAGE program saying it is unsustainable. Under the SAGE program elderly and...
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Apple reaches out-of-court settlement in e-book price-fixing case: Report
TweetApple has reached an out-of-court settlement with plaintiffs that accused it of price-fixing on e-books, the Wall Street Journal reported on Tuesday. Apple and the plaintiffs – consumers and some...
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