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Ugandan shilling falling further

By Julius Businge The Ugandan shilling fell against foreign currencies notably the dollar on Wednesday, dealers said. Commercial banks quoted the currency of Africa’s largest coffee exporter at 2,587/2,597, weaker than Tuesday’s close of 2,575/2,585. “There is some depreciation of the local currency as a result of better liquidity conditions …

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Kawempe Muslim Closed

By Aloysious Kasoma Kawempe Muslim Secondary School has been closed after suffering the second fire incident in a period of one week. According to some sources at the school all students except those in candidate classes have been asked to go home temporarily as investigations into the cause of the fire …

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Uganda attracts more Indian investors

By Julius Businge The Uganda government has promised tangible support to the Indian community eying Uganda as their immediate investment destination, Amelia Kyambadde the Trade and industry minister said. Speaking to the Confederation of Indian Industry and the members of the visiting Indian delegation in Kampala on Oct. 16, the …

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