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Tag Archives: Uganda

Fine Spinners take over struggling Phoenix Logistics

Fine Spinners (Uganda) Limited has taken over management and assets of Phoenix Logistics in a move government says will revamp the operations of the factory. The State Minister for Micro Finance Haruna Kyeyune Kasolo  said garments company Phoenix Logistics has been running at a sub optimal level and needs to improve …

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ARTS: Different But One 21

Innovation through collaboration  By Dominic Muwanguzi An exhibition by Makerere Art lecturers is bound to evoke excitement – after all these are the elite of the modern and contemporary art scene in Uganda.  However, the excitement goes a notch higher when it is the annual `Different But One’ exhibition now …

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BUSINESS: Declining interest rates

Bank managers explain recent cuts to 20% average   Effective this month most commercial banks started charging lower interest rates on flexible existing and new loans with analysis indicating about 20% is the new average industry rate compared to around 23% a period before. The move is expected to boost uptake …

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