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Why Bank of Uganda has cut CBR to 10%

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

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Macron stumbles at EU summit over Chinese investments

Brussels, Belgium |AFP | EU leaders on Friday poured cold water on a proposal by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in strategic European industries. European leaders discussed the divisive topic on the second day of an EU summit in Brussels, as Europe …

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Jury awards $218 mn to farmers in Syngenta GMO corn lawsuit

Chicago, United States | AFP |  A US federal jury on Friday ordered Swiss agribusiness giant Syngenta to pay nearly $218 million to 7,000 Kansas farmers after selling them genetically-modified corn seeds not approved for export to China. The farmers suffered profound economic damage in 2013 when Chinese authorities refused …

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NCIP: Uganda and Kenya meet in Kampala to discuss SGR

The Northern Corridor Integration Projects (NCIP) joint technical committee for the development of the Standard Gauge Railway (SGR) is meeting in Kampala to review progress. The meeting, attended by Ministers in charge of Works and Transport from all partner states, comes in the wake of Kenya’s successful completion and launch …

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Civil Society groups demands budget spending efficiency

Uganda’s 2017/2018 budget: Civil Society group speaks out Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella body – Civil Society Advocacy Budget Group (CSBAG) is calling on government agencies and departments responsible for budget implementation to efficiently implement the budget to benefit the common man. …

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Youth can help achieve SDGs

  In 2015, Samuel Malinga, at age 26, founded Sanitation Africa—a company engaged in turning human waste into briquettes for cooking and agricultural manure.  For his innovative approach to waste management, he has been recognized by several organizations, including the Tony Elumelu Foundation, a philanthropy that awarded him a grant …

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