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    MPs Demand Accountability For Funds Spent on Locust Fight

    URNBanking & Financial ServicesJuly 22, 2020

    Members of Parliament on the Committee on Agriculture want the government to account for funds spent in the fight against locusts. Uganda has spent more than UGX267 billion in loans…

    PEP Cuts Prices for All Products as Store Plans to Exit Uganda

    URNCompany NewsJuly 22, 2020

    PEP, the South African clothes retailer, has cut prices of all its products by 30% at all outlets in Uganda as the store plans to exit Uganda. The store with…

    Tycoon Shumuk Tasked to Explain Dubious Takeover of Dewinton Land

    URNBanking & Financial ServicesJuly 22, 2020

    The Director of Shumuk Aluminium Industries Mukesh Shukla has been asked to provide documents that support his ownership of Plot 9 Dewinton Road in Kampala. Mukesh reportedly repossessed the said…

    Election Uncertainty Could Delay Economy Recovery – Stanchart

    URNBanking & Financial ServicesJuly 20, 2020

    The uncertainties surrounding the February 2021 polls could slow Uganda’s recovery from the battering by the Coronavirus pandemic as investors withhold investments until after the polls. According to the Standard…

    Atiak Sugar Industry to Begin Production next month

    URNThe Big StoryJuly 20, 2020

    Atiak Sugar Factory Limited in Amuru District is set to begin production next month. The factory in Gem Village, Atiak Sub-County has the capacity to crush 1,650 tonnes of raw…

    COVID-19: 54% of Small Businesses May Close, KACITA says

    URNBanking & Financial ServicesJuly 17, 2020

    Kampala City Traders Association (KACITA) has expressed fear that as much as 54% of the small scale businesses that operated in Kampala and surrounding areas may close due to the…

    Employers May Be Held Accountable Incase of COVID-19 in Workplaces

    URNBanking & Financial ServicesJuly 17, 2020

    Employers may face lawsuits if their employees claim there was not much done to protect them against catching the Coronavirus (COVID-19) while at work. Speaking at the Federation of Uganda…

    Tullow Oil Shareholders Approve Sale of Interest in Uganda Oil Sector

    URNCompany NewsJuly 16, 2020

    Tullow Oil plc (Tullow) shareholders have today approved its sale of the interest in Uganda’s oil industry, removing one of the key hurdles for the transaction to be concluded. Tullow…

    Drivers Protest Kenya’s Decision to Block Ugandan Cane exports

    URNBanking & Financial ServicesJuly 16, 2020July 16, 2020

    Cane truck drivers have staged a demonstration along Custom road in Busia municipality protesting a decision by the Kenyan government to stop the importation of sugarcane from Uganda. The drivers…

    UEGCL to Take Over Namanve Thermal Plant as Jacobsen Concession Expires

    URNCompany NewsJuly 14, 2020

    The Namanve Thermal Power Plant, a heavy fuel oil plant operated by Jacobsen Uganda Thermal Power Plant Limited will return to Uganda government after the concession of Jacobsen expires next…

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