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Making street vending safer

Natalie Bitature, the proprietor of Musana Carts, the solar street-vending revolution, spoke to Nicole Numubiru about her award-winning Musana Cart, which provides urban street vendors with a cleaner, safer, more efficient solution to their cooking, storage and financing needs. The Musana Cart is an environmentally-friendly, solar-powered vending cart that is …

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Need some insurance? No thanks

Last month, Benon Oluka, a journalist with The Observer newspaper, penned an article to narrate his experience with Insurance Company of East Africa (ICEA), an insurance company, which had refused to compensate him as a third party after he was injured in a nasty accident in Kibaale District last year. …

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Uganda pension assets up 25%

Pension sector assets topped Shs 6.5 trillion in 2015, a new report by the Uganda Retirements Benefits Regulatory Authority (URBRA) has shown. URBRA CEO David Nyakundi told journalists that the increase in the assets was attributed to the improving quality of governance in both public and private schemes in the …

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NSSF’s stock market woes

  2015/2016 has not been a good year for investors in listed companies on the Uganda Securities Exchange (USE).  Given that the National Social Security Fund (NSSF) is the biggest holder of shares in locally-listed companies, there is anxiety.  Some 21% of NSSF’s total value is in equities, with 73% …

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EU, EAC trade conundrum

Barely eight weeks to the October 01 deadline for the East African Community (EAC) to sign the Economic Partnership Agreement (EPA) with the European Union (EU), one would expect the regional bloc to be handling the issue with a degree of urgency.  Apart from Kenya, the rest of the member …

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Govt picks four companies for oil licencing round

Government has picked four companies to  negotiate Production Sharing Agreements (PSAs). The Ministry of Energy and Mineral Development, in a statement, said evaluation of bids for the first competitive licensing round were complete and successful companies invited to negotiate Production Sharing Agreements (PSAs). The four companies are: 1. Armour Energy …

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World oil prices sink further as glut worries return

  Singapore, Singapore | AFP | Oil prices fell further towards the $40 mark in Asia Friday, extending losses to a seventh-straight day on renewed worries about a global supply glut, increased production. The commodity has slipped nearly 20 percent since its 2016 peak above $50 in early June as …

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