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NSSF contributions to hit Shs 9 trillion soon

Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund contributions will soon hit Shs9 trillion due to increased compliance and introduction of voluntary contributions, according to the Fund’s Managing Director, Richard Byarugaba. Byarugaba, who spoke during the launch of Fund’s Corporate Centre at Workers House in Kampala, said company’s …

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IMF’s Lagarde warns on rate risk from US tax reform

Paris, France | AFP | IMF chief Christine Lagarde warned Saturday that economic stimulus from US tax cuts may lead to a rapid rise in interest rates which would weigh on countries with high debt levels. The International Monetary Fund was going to be “attentive” to the consequences of the …

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Coca-Cola reports 4Q loss on hit from US tax reform

New York, United States | AFP | Coca-Cola reported a fourth-quarter loss Friday due to a one-time hit from US tax reform as growth in some non-cola beverages helped offset continued sluggishness in soda sales. The soft drink giant reported a loss of $2.8 billion in the quarter ending December …

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Microenterprise graduation leads to higher consumption, asset ownership

Kampala, Uganda | THE INDEPENDENT | A one-year microenterprise graduation program targeting the ultra-poor in rural Africa offers a cost-effective way to tackle extreme poverty, according to preliminary results of a new study released in Kampala on Thursday. These preliminary results suggest that Village Enterprise’s integrated “graduation” model—comprised of targeting, training, …

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MOTOR VEHICLES: Attorney General to study SGS contract

  Kampala, Uganda | UGANDA PARLIAMENT | The Attorney General, William Byaruhanga, has requested Parliament for time to study the contract between the government of Uganda and SGS (Societe Generale de Surveillance), the motor vehicle inspection firm. This followed debate Wednesday on the report of the Committee on Physical Infrastructure where …

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Kenya’s Jambojet makes maiden flight to Uganda today

  Kenya’s Jambojet makes maiden flight to Uganda today Nairobi, Kenya | THE INDEPENDENT | Nairobi based budget airline Jambojet today expands its wings in East Africa with the launch of a double daily flight between Nairobi and Entebbe. Among the passengers on the inaugural flight that took off shortly before …

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