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Uganda Shilling Weakens further, Nears Ugx 2900
The Ugandan shilling has continued to depreciate against the dollar. On Wednesday, forex bureaus were quoting a dollar at Ugx2823 buying and Ugx2843 selling. On Monday, it breached the Ugx2800 mark...
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Bikwasi Tours & Travel Gives Back To Clients
Bikwasi Tours and Travel, an international company that also deals in money transfer has today morning rewarded their 2014 best clients. South African based Ugandans Muhammad Jamal and Musoke Pasola...
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Shilling Loses More Ground Despite BOU Intervention
The Uganda Shilling continued to depreciate against the Dollar on Thursday despite the intervention by Bank of Uganda (BOU) to stem the volatility. On Thursday, it lost at least 0.7% of its value,...
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Understanding the plunge in global oil prices
Oil prices are expected to remain low in 2015 and rise only marginally in 2016, as the debate over the recent sharp decline in oil prices continues. Oil prices fell sharply in the second half of 2014,...
View ArticleUGX 1.5 Billion Fisheries Project Stalls in Gulu
A fisheries project worth UGX 1.5 billion in Gulu district has been left to waste. Ministry of Animal Industries and Fisheries built the Aquaculture Research and Development Centre was built in 2008...
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UMEME Loses UGX 19billion to Power Thefts in Eastern Region
Illegal connections, power thefts and vandalism cost energy distribution company – UMEME a hefty Ugx 19.2 Billion in both commercial and technical losses during the past one year, in Eastern Uganda....
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Smart Telecom Unleashes Shs39K WhatsApp Phone
Smart Telecom Uganda yesterday unleashed the cheapest phone ever with WhatsApp and Facebook applications. Kyali is the latest smoking Hot deal from SMART, it’s an ultra low cost handset with smart...
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Uganda Shilling Remains Weak Despite BoU Intervention
Although Bank of Uganda (BoU) intervened in the market on the buy side and verbally last week, the local unit (UGX) just gained slightly, with Friday trading closing at 2835/45. Analysts described...
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More Chinese Firms Target Railway Deal
Three more Chinese firms are eying the Standard Gauge Railway contract, Uganda Radio Network has learnt. Two of the firms have been identified as China Railway Group Limited and China Railway...
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Uganda Shilling Tumbles Further, Surpasses Ugx2900
If Bank of Uganda (BOU) thought they had slowed the depreciation of the Uganda Shilling by warning speculators, the latter has not heeded. On Wednesday the Uganda Shilling breached the Ugx2900 barrier...
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Tullow May Not Acquire New Exploration Blocks in Uganda
Tullow is feeling the pinch of falling global oil prices that has seen its share price fall on London Stock Exchange where it is listed. As a result of falling oil prices, the oil company announced it...
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Airtel Uganda Gets New Chief Commercial Officer
In an effort to extend quality services, Airtel Uganda has made changes in their top management. The Wampewo Avenue based Tele communications company has new Chief Commercial Officer and IT Director...
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Scanad Uganda Gets New Country Manager
Nachiket Sant is now the Country Manager for Scanad Uganda. He takes over the position from Joyce Gathu. Nachiket Sant Nachiket has been with the Scanad Uganda office since 2012 as the Business Head...
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Contracted For a Beer: Farmers Take-on Barley and Sorghum to Boost Income
On a windy Wednesday morning, crops swing side to side. Slightly tipping each other, they make a hush sound. Green in colour, a single barely crop – a good yielding one – can be stretch to the elbow of...
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Renewable Power Costs Plummet now cheaper than Fossil Fuels
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world. Adnan ZAmin , Director General...
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Fuel prices may drop
Fuel prices in the country are expected to go down soon says state Minister for Energy State Minister Simon D’ Ujang D‘ Ujang in an interview says the fuel prices may fall as government makes the next...
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NSSF assets Increase To Ushs 4.9 trillion
National Social Security Fund (NSSF) has recorded a 23% increase in operating profit for half year ending December 31, 2014 when compared to the same period in the last fiscal year, as a result of...
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Impact of Falling Oil Prices Difficult to Predict – PEPD
The global crude oil prices have halved since June 2014, a factor that has put investments in Uganda’s oil sector on the line. An official from The Petroleum Exploration and Production Department...
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WhatsApp Desktop Service Lets You Continue Chats On Any Computer – But Iphone...
The massively popular mobile messaging app now lets you communicate with friends through your laptop or PC for the first time – unless you have an iPhone WhatsApp has extended its service so you can...
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Company Profitability Boosts URA Revenue Collections
Uganda Revenue Authority (URA) in the first half of the financial year collected more revenue than it had projected. Commissioner General of the Uganda Revenue Authority, Doris Akol The tax body has...
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