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Shilling depreciation not easing soon: Experts

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst …

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Housing Finance Bank targets Ugandans in diaspora

  Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has outlined several initiatives aimed at encouraging foreign direct investment from Ugandans living abroad, while still improving the livelihoods of the people at home. Peace K. Ayebazibwe, the Executive Director of Housing Finance Bank shared the bank’s vision on Thursday at …

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Ultimate Guide to Self-Drive East Africa: Adventure through Uganda, Rwanda, Tanzania, Kenya

SPECIAL FEATURE | THE INDEPENDENT | The East African Community (EAC) is a regional intergovernmental organization of six partner states, the Republics of Burundi, Kenya, Rwanda, South Sudan and Democratic Republic of Congo. A traveler requires one tourist’s visa to explore all the wildlife and primates within the region except …

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The EACOP and Tilenga are win-win projects

Cheick-Omar Diallo, the TotalEnergies Spokesperson for the Tilenga and EACOP projects accompanied a French contingent of journalists on tour of Uganda’s oilfields and project affected persons. The Independent’s Ronald Musoke was on the four day visit (July 16-19) and spoke to him about his impressions. Tell us about your visit …

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Kenyatta launches grand Nairobi Expressway

Nairobi, Kenya | THE INDEPENDENT | President Uhuru Kenyatta on Sunday officially launched Kenya’s iconic Nairobi Expressway after months of successful public trial. The President also commissioned the revamped Nairobi Eastern Bypass which includes five new major vehicular crossings and six-lane dual carriageways at the busy sections of the road. …

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Kabaka speaks out on coffee

Mengo, Uganda | THE INDEPENDENT | The Kabaka of Buganda has requested government through various avenues to help improve coffee production in the country. The Kabaka urged government to find means of shielding coffee farmers from extreme price fluctuations and to access capital to finance their efforts. He said he …

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Uganda’s inflation rises to 7.9 pct in July

Kampala, Uganda | Xinhua | Uganda’s inflation rate for the year ending July has risen to 7.9 percent from 6.8 percent in the year ending June 2022, the country’s statistics agency said Friday. Uganda Bureau of Statistics attributed the increase to rising food crop prices and transport fare. During the …

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