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Slow insurance growth in Uganda

Slow insurance growth, but Industry executives expect business to pick up Kampala, Uganda| Isaac Khisa| Uganda insurers recorded a 3.6% growth in premiums in 2016, their slowest growth rate in five years, citing harsh economic environment, slow implementation of infrastructural projects and reduced private sector credit. Full year industry performance …

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Facebook to produce own TV series, games

New York, United States | AFP |  Facebook is starting production on high-quality television series and gaming shows to be broadcast on its platform, one of the social media giant’s executives said on Monday. The online platform, which has around two billion monthly users worldwide, is working on the project …

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30 French firms eye Uganda investments

 The firms seek to invest in energy, infrastructure, IT and pharmaceutical industries  Kampala, Uganda | Ronald Musoke | Uganda’s ever growing position as an attractive investment destination for French companies came to the fore recently as a delegation of more than 30 companies under the umbrella organisation MEDEF (Mouvement des …

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Why Bank of Uganda has cut CBR to 10%

  Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …

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Macron stumbles at EU summit over Chinese investments

Brussels, Belgium |AFP | EU leaders on Friday poured cold water on a proposal by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in strategic European industries. European leaders discussed the divisive topic on the second day of an EU summit in Brussels, as Europe …

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Jury awards $218 mn to farmers in Syngenta GMO corn lawsuit

Chicago, United States | AFP |  A US federal jury on Friday ordered Swiss agribusiness giant Syngenta to pay nearly $218 million to 7,000 Kansas farmers after selling them genetically-modified corn seeds not approved for export to China. The farmers suffered profound economic damage in 2013 when Chinese authorities refused …

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NCIP: Uganda and Kenya meet in Kampala to discuss SGR

The Northern Corridor Integration Projects (NCIP) joint technical committee for the development of the Standard Gauge Railway (SGR) is meeting in Kampala to review progress. The meeting, attended by Ministers in charge of Works and Transport from all partner states, comes in the wake of Kenya’s successful completion and launch …

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Civil Society groups demands budget spending efficiency

Uganda’s 2017/2018 budget: Civil Society group speaks out Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella body – Civil Society Advocacy Budget Group (CSBAG) is calling on government agencies and departments responsible for budget implementation to efficiently implement the budget to benefit the common man. …

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