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U.S. dollar higher on trade talks developments
The Uganda Shilling recouped some of its losses against the greenback on Friday backed by dollar inflows from corporate players as well as position squaring by traders ahead of the weekend. Subdued market activity characterized the session for the better part of the day. A late afternoon dollar sell-off by the corporate and interbank sectors […]
African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings
Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought JOHANNESBURG, South Africa, June 5, 2020/ — As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber is […]
UGX. 48 Billion Free Zone Facility Construction Inaugurated by Uganda Free Zones Authority in Entebbe.
BY Samuel Nabwiiso. The Government of Uganda through the Uganda Free Zones Authority (UFZA) has inaugurated the construction of the first public Free Zone in Uganda. The free zone facility is established at Entebbe International Airport and it’s estimated to cost Government UGX48 Billion. Upon construction completion whose construction is said to last for 6 […]