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News
Museveni tags teachers as ‘greedy’, priotises free and compulsory primary education
KAMPALA– President Yoweri Museveni is not happy that teachers in government-aided schools continue to damand salary enahncements and has instead acused them of being “greedy”. Instead, Museveni wants the Members of Parliament…
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News
ULC Shs 10.6bln scandal: COSASE asks claimants to put bribery allegations in writing
KAMPALA– Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises [COSASE] has urged beneficiaries of the Shs10.6 billion land compensation to put their bribery allegations against Uganda Land Commission [ ULC ]…
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Development
Teachers to stage industrial action on Wednesday
KAMPALA– Teachers under the umbrella of Uganda National Teachers Union [UNATU] have promised to lay down their tools on Wednesday if government does not confirm their salary increments in the budget for the…
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News
Banks post 26.9 percent profit as sector remains resilient to potential shocks
KAMPALA– Year on year, commercial banks’ aggregate net profits after tax (NPAT) increased by 26.9 percent to Shs 1,073.9 billion in the year ending December 2021 from Shs 846.2bln in the previous…
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News
ICO unveils new International Coffee Agreement, all stakeholders to have say on the future of coffee
KAMPALA– In a new spirit of collaboration, the International Coffee Organization [ ICO ] has announced its landmark International Coffee Agreement 2022, formally welcoming to the table for the first time in…
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News
What Museveni said in State of the Nation Address 2022
KAMPALA– Yesterday President Yoweri Museveni gave his State of the Nation Address [SONA] 2022 where he explained various issues in the Ugandcan economy; including talking about Emyooga SACCOs, the Parish Development Model…
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News
Health Ministry warns of Monkeypox
KAMPALA– The Ministry of Health has said Uganda is yet to record a case of Monkeypox but says Ugandans must be cautious as the disease has been recorded in 23 non-endemic countries…
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News
AfDB launches new initiative to build financial acumen of African cities
KAMPALA– The African Development Bank [AfDB] and United Cities and Local Governments, a global umbrella group for local and metropolitan governments, have announced the launch of a new programme to build the…
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News
BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
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Cooperatives & Communities
Global coffee exports decline in April 2022
KAMPALA– Global exports of green beans in April 2022 totalled 9.86 million bags, compared with 10.16mln bags in the same month of the previous year, according to International Coffee Organization [ICO]. ICO…
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