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Charter could change natural resource use

By Agencies The African Development Bank (AfDB) Group’s Chief Economist, Louis Kasekende,(left) has said that the Natural Resource Charter – a set of economic principles for governments and civil society organizations, detailing best approaches to managing opportunities created by natural resources for development – would help governments and societies rich …

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Dollar to hit Shs 2,500, analysts say

By Patrick Kagenda BoU says it has no means of forecasting value of currency A top Bank of Uganda official last week confirmed the continuing depreciation of the shilling. Mary Katalikawe, the director for research at the central bank spoke as the world’s leading financial market analysts predicted that the …

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MTN ceding ground, Warid biggest gainer

By Independent Team & Agencies New study predicts mobile penetration hits 40% A new report from Pyramid Research indicates that mobile penetration in Uganda is expected to increase from 39 percent in 2009 to about 70 percent by 2014. This jump will be driven by the successful liberalization of the …

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Mini oil refinery to go ahead“ D’Ujanga

By Agencies Uganda plans to go-ahead with the construction of a mini-refinery for its two billion barrels of crude reserves after previously ruling the idea out, the state energy minister said. Investor interest is heating up for Uganda’s oil discoveries since explorers Tullow Oil and Heritage Oil discovered hydrocarbons in …

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New insurance scheme enters Uganda market

By Patrick Kagenda A new insurance company offering rare insurance services has entered the Uganda market. Africa Trade Insurance (ATI) is a multilateral political and credit risk insurer that recently opened shop in Uganda. But its major challenge is to sell itself to the local insurance firms as most of …

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High prices, poverty, joblessness

By Melina Platas Survey lists top Uganda economic problems Most Ugandans think the economy is doing badly and getting worse, according to the findings of a latest survey on various sectors of the country. The Afrobarometer, an independent, non-partisan research instrument that surveys 20 African countries, recently released their fourth …

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