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Energy & Mining
Shell posts US $ 11.5bln profit, to invest more in renewable energy
KAMPALA– Shell has posted record results in the second quarter 2022, with a US $11.5 billion profit eclipsing the mark it set only three months ago, lifted by strong gas trading and…
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East Africa
Enry’s Island Africa enters the Metaverse with powerful first event for African entrepreneurs
NAIROBI-Enry’s Island, the first worldwide distributed platform for startup incubation and acceleration launched Enry’s Island Africa both in-person and in the Metaverse for a powerful, immersive experience. The in-person event, launched days…
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Finance & Banking
Bankers urged to invest in Uganda’s tourism industry
KAMPALA– Local commercial banks in Uganda have been called upon to support firms in the tourism industry since it is the country’s major foreign exchange earner and job provider. The call was…
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News
Museveni wants taxes on sugar confectionaries dropped
KAMPALA– President Yoweri Museveni wants parliament to reconsider the Excise Duty (Amendment) Bill, 2022 before he can sign it into law. Museveni wrote to the Speaker of Parliament, Anita Among raising concern…
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Cooperatives & Communities
AfDB approves more than US$1bln for emergency food production plan
ABIDJANI-The African Development Bank [AfDB] Group has approved 24, fast-track programmes to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19 pandemic.…
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Development
Teso citrus farmers benefit as training centre is opened
SOROTI– Teso Citrus Training and Education Centre was officially opened in Arapai Sub-county in Soroti City to help citrus fruit farmers including cooperatives to improve the quality of their fruits, and add…
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News
First-ever gender strategy to be integrated into IMF activities
WASHINGTON, DC– Women around the globe will have better funding if we are to go by the first-ever strategy aimed at integrating gender into International Monetary Fund [IMF] core activities. Kristalina Georgieva,…
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News
Transport ministry seeks Shs 21bln for road safety
KAMPALA– The State Minister for Works, Francis Musa Ecweru, has said that his ministry requires more funding of about Shs21.5 billion for implementation of road safety programmes and activities. Ecweru was yesterday…
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Africa
Focus Education builds 23 new TVET centres in Senegal
DAKAR-The Senegalese Minister of Employment, Vocational Training, Apprenticeship and Integration, Dame Diop, yesterday announced the creation of a new network of 23 advanced vocational training [ TVET ] centers across the country…
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National
Boosting food security: Museveni directs govt on large-scale production
KAMPALA– President Yoweri Museveni has directed the whole government led by the Office of the Prime Minister and the Ministry of Finance to implement strategic interventions in large-scale food production, especially at…
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