BY HENRY ROTICH Theme: Creating Jobs, Transforming Lives and Sharing Prosperity I Introduction Mr Speaker, it is my honour to present to this august House the FY 2018/19 Budget Statement. I make this Statement in fulfilment of the requirements of Section 40 of the Public Finance Management Act, 2012 and the Standing Order Number […]
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BY EABW REPORTER NAIROBI, Kenya–Liquid Telecom has announced the availability of Microsoft Azure Stack – an extension of an ever-expanding set of cloud services to consistently develop and run hybrid cloud applications – to select African markets. Leveraging its pan-African fibre network and data centre capabilities, Liquid Telecom will be able to directly offer Azure […]
Source: By GABRIEL J.X. DANCE, NICHOLAS CONFESSORE and MICHAEL LaFORGIA As Facebook sought to become the world’s dominant social media service, it struck agreements allowing phone and other device makers access to vast amounts of its users’ personal information. Facebook has reached data-sharing partnerships with at least 60 device makers — including Apple, Amazon, BlackBerry, […]
KAMPALA, Uganda–The Uganda Shilling was broadly stable at the 3755/3775 levels against the U.S dollar throughout Wednesday’s trading session amidst an unforeseen uptick in demand for local currency in the money market arena. Overnight interbank rates printed weighted average rates of 13.5 per cent from 7.5 per cent the previous day. On the last trading […]
BY CBA KAMPALA, Uganda–The Uganda Shilling remained on the back foot, devaluing further against its U.S dollar counterpart on Friday as greenback demand from importers and the energy sector persisted. The USDUGX pair traded within the 3732/3755 band from 3730/3750 levels earlier. This week, market charter alludes to a vulnerable local currency as dreary activity […]
BY CBAU KAMPALA, Uganda–The Uganda Shilling sustained deeper wounds in yesterdays’ trading session amidst unrelenting greenback demand from the energy and manufacturing sectors alongside muted dollar supply. The USDUGX pair maintained its bullish trend, ascending to the 3730/3750 levels from 3725/3745 previously. Ahead of the weekend, a range-bound trading session at the 3725/3755 levels is […]
BY CBA KAMPALA, Uganda–The Uganda Shilling continued its losing streak against the U.S dollar amidst sustained greenback demand from commercial banks and the energy sector at last week’s close. In what was an active day on the FX counters, the USDUGX pair found comfort at the 3710/3730 levels from 3707/3707 levels previously. Emergent foreign currency […]
BY PAUL TENTENA KAMPALA, UGANDA- Four people have stepped aside from the Umeme Ltd Board of Directorship role to pave way for new faces on the power suppliers’ board. During the Umeme Shareholders Annual General Meeting held in Kampala, Adrian Mucalov, Christopher Nicholson, David Grylis and Charles Chapman all stepped aside to have the inclusion […]
BY EABW REPORTER KAMPALA, Uganda–The Uganda Shilling continued its losing streak against the U.S dollar on Friday amidst an upsurge in demand for the hard currency from the manufacturing sector and interbank players. The USD/UGX pair closed the week at the 3707/3730 mark from opening levels of 3703/3723. Relatively calm activity in the forex market […]
KAMPALA, Uganda–The Uganda Shilling traded a tad lower at the 3705/3725 levels versus its U.S dollar counterpart on Thursday as increased bustle on the greenback demand counters dominated mostly muted supply activity. Losses in the home unit were however limited by the regulator’s monetary tightening action, absorbing Ugx 550 billion of excess liquidity from the […]
BY PAUL TENTENA KAMPALA, UGANDA- Uganda Baati Ltd, a member of SAFAL Group has unveiled their state of the art One stop Roofing Centre aimed at serving their customers better. According to Hellen Joyce Musiime the Uganda Baati Customer Service Manager, they used to have a lot of customer dissatisfaction and it was a tedious […]
BY PAUL TENTENA KAMPALA, UGANDA- Little awareness about the different insurance products and benefits is proving to be a key factor hampering Uganda’s life insurance penetration. Sector players said in Kampala that though this is still a key factor, life insurance uptake is steadily increasing as awareness is being intensified. Arjun Mallik the CEO Prudential […]