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New Vision alerts shareholders of another loss making year

Kampala, Uganda | THE INDEPENDENT | There will little to cheer for the second year running for investors in The New Vision Printing and Publishing Company Limited, as the company prepares to announce a loss for the half-year ended July 2024. This comes as the revenues of Uganda’s largest media company …

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Kyambogo considers hike in tuition to pay part-time lecturers

Kampala, Uganda | THE INDEPENDENT | Kyambogo University is facing a staffing crisis that has forced its management to resort to part-time lecturers. It is considering a tuition increase to address budgetary shortfalls. Prof Eli Katunguka, the Vice-Chancellor, notes that the university has  404 full-time teaching staff members out of an …

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Govt asked to rescue Ugandan students stranded in Iran

Kampala, Uganda | THE INDEPENDENT | Igara West MP, Gaffa Mbwatekamwa, has called on government to account for and rescue Ugandan students stranded in Iran following an alleged fake scholarship scheme coordinated through the Office of the National Chairman of NRM Party in Kyambogo. Mbwatekamwa said that the 100 students were …

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BoU cuts interest rate to boost economic activity

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has reduced is base interest rate for the first time since April this year, from 10.25 to 10 percent as inflation seems tamed. BoU’s policy targets an inflation rate of not more than 5 percent in the medium term, and in …

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Seven Ugandan schools closed in Ntoroko as floods set in

KAMPALA, Uganda | Xinhua | Ugandan authorities said at least seven primary and secondary schools have been closed in the western district of Ntoroko due to floods caused by heavy rainfall. Edward Bashungura, the resident district commissioner for Ntoroko, told Xinhua Wednesday over the phone that the heavy rains had …

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DPP seeks arrest warrant for lawyers John Matovu, Fred Makada

Kampala, Uganda | THE INDEPENDENT | The Office of the Director of Public Prosecutions has asked the Anti Corruption Court in Kampala to issue a warrant of arrest against two lawyers  who are accused of  in swindling billions of money  meant for Busoga Growers Cooperative Union. The two; John Matovu, 62, …

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