Dubai, United Arab Emirates | AFP | Saudi oil giant Aramco has raised $25.6 billion in the world’s biggest initial public offering, sources told AFP. The oil-rich kingdom has put a value of $1.7 trillion on Aramco as it prepares to sell 1.5 percent of the company to fund its “Vision …
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Kampala, Uganda | THE INDEPENDENT | Truck drivers and members of the business community have blamed floods that devastated Pakwach yesterday, on a blocked waterway on the road connecting Pakwach to Paraa. A part of River Nile in Nwoya district burst its banks on Tuesday causing floods that paralyzed business and …
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Will Bemanya’s removal save or ruin the company? Kampala, Uganda | JULIUS BUSINGE | Bickering among government officials on who should take over the management of Uganda telecom as provisional administrator could scare away prospective investors, experts say. UTL needs around Shs255bn to clear some of its Shs536bn debt …
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Kampala, Uganda | THE INDEPENDENT | Several roads in the central business district have been closed ahead of the anti-corruption walk that President Yoweri Museveni will lead today. The walk is aimed at intensifying the fight against corruption. The walk will start from the Constitutional Square to Kololo Ceremonial …
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Wakiso, Uganda | THE INDEPENDENT | A group of farmers under Magezi-Muliro Farmers’ Association, which received the pilot demonstration mini irrigation scheme in Mabwombe Village in Mende Sub County in Wakiso District, are crying foul after losing their crops to heavy rains. Although irrigation is practiced during the dry season, URN …
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Kampala, Uganda | THE INDEPENDENT | Drug manufacturer Cipla Quality Chemicals has announced a loss of 14.5 billion Shillings for the period from April to September 2019, underscoring the struggles the drugmaker is going through. This is a significant drop from the 3.3 billion Shillings profit announced for the period between …
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Latest in Uganda, Rwanda, Kenya, Burundi firepower Kampala, Uganda | INDEPENDENT TEAM | Countries in the East African region continue to spend more on strengthening their armed forces, according to latest data. Although Kenya and Tanzania are the biggest spenders because of their relatively big budgets, most attention is on Uganda, …
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Soroti, Uganda | THE INDEPENDENT | Soroti Fruit Factory has restricted its purchase of oranges to farmer groups and associations. The fruit processing plant that commenced the production of orange and mango juice in April this year is overwhelmed by the high production of oranges. This has forced management …
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Kampala, Uganda | THE INDEPENDENT | Bunyoro Kitara Kingdom is up in arms against the proposed construction of a hydro power dam at Murchison falls. Early this year, the Electricity Regulatory Authority (ERA) published a notice in newspapers indicating that it had received an application from Bonang Power and Energy …
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Kodo, Nigeria | AFP | Surrounded by four children, Ladi Usman scoops shea nut paste from a plastic container into a metal pot on the stove in her cramped kitchen. Squinting to keep charcoal fumes out of her eyes, she stirs it with a bamboo stick, completing the final stages of eking …
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