Kalaki, Uganda | THE INDEPENDENT | The Chief Administrative Officer (CAO) for Kalaki district, Christopher Okumu has been arrested for allegedly failing to take charge of several projects, resulting in huge financial losses in the district. Some of the affected projects include the construction of the perimeter chain link fence at …
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Kampala, Uganda | THE INDEPENDENT | A Kenyan National Jared Oloo Okumu has asked the High Court in Kampala to quash the two year jail term handed to him on charges of cyber stalking and offensive communication. Okumu was on October 11th 2022 convicted by the Standards, Utilities and Wildlife …
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Politicians making moves in Arua, Mbarara, Jinja, Masaka Kampala, Uganda | IAN KATUSIIME | Arua. Mbarara. Jinja. Masaka. By 2021, these Ugandan towns could be cities if the ongoing developments in parliament are anything to go by. Cabinet discussed the issue of new cities last year and these major towns …
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Uganda’s private sector activity improves on strong demand, but experts are worried that improvement in economic activities is likely to stir imports, putting pressure on the exchange rate and so is operational costs Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank’s latest report– Purchase Managers Index (PMI) for June 2017 …
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Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …
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Stanbic Bank again makes Chinese businesses irresistible offers Uganda imported US$700 million worth of goods from China last year and exported goods valued at US$30 million over the same period, according to the latest government data. But the skewed trade figures between Uganda and the world’s second largest economy do …
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BoU cut its central bank rate from 13% in October to 12% in December to stimulate economic activities As 2017 business starts commercial banks are optimistic that the sector will register a surge in profitability on the back of improving economy and a reduction in Non-Performing Loans. Speaking to The …
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