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Low vanilla prices worry farmers

Kampala, Uganda | THE INDEPENDENT | The low prices of Vanilla has left farmers and exporters worried. In 2004, vanilla prices fell from about 150,000 shillings a kilogram to 1,000 shillings. This was the worst in the history of vanilla growing, forcing many farmers to cut down the plants and abandon …

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Uganda first oil 2020 ambitions thwarted- Muloni

Kampala, Uganda | THE INDEPENDENT | The delay by international Oil Companies to make a final Investment Decision (FID) has thwarted government’s ambitions for first oil by 2020. Energy and Mineral Development Minister, Irene Muloni admits it may not be possible for to have oil out of the ground by end …

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Ugandans increase purchasing power- Stanbic PMI Index

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

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EU ambassadors applaud government on oil progress

Kampala, Uganda | THE INDEPENDENT | The Ugandan government has been applauded for the pace at which it is undertaking projects in the Oil and Gas Sector. The Nod came during a tour of key projects in the Albertine Graben by a team of Ambassadors from the European Union currently in …

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Taxify to disconnect dishonest drivers

Kampala, Uganda | JULIUS BUSINGE  | In the coming months, drivers/riders operating under Taxify might have to abide by the terms and conditions of the trade lest they lose their job. Julian Byamugisha, the city manager for Taxify, Kampala told The Independent by email that Taxify team recently flagged fraudulent …

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Battle for gold

Why Africa Gold Refinery is unhappy with URA’s licensing of new refineries Kampala, Uganda | JULIUS BUSINGE | Executives at the East Africa’s largest refinery, Africa Gold Refinery are nervous about the future of the country’s precious industry. The firm’s Chief Executive Officer, Alain Goetz, said during the 2018 Mineral Wealth …

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