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Tag Archives: economy

OWC, UNBS push for quality grain produce

Kampala, Uganda | THE INDEPENDENT | The United Nations has assured Uganda’s grain and cereal industry of an annual market worth US Dollars 4 million. Uganda’s produce especially maize and groundnuts has been greatly affected by low standards especially due to aflatoxins, a family of toxins produced by certain fungi that …

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U.S. equities notch best week since November

New York, U.S. | Xinhua | U.S. stocks advanced considerably in the week as retail trading frenzy cooled and Wall Street expected that a slew of downbeat data could boost the possibility of additional stimulus. For the week ending Friday, the Dow increased 3.9 percent, while the S&P 500 index and …

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Bridging education gaps can uplift African women entrepreneurs

Addis Ababa, Ethiopia | Xinhua | Educational attainment gaps have limited the success of women-owned businesses in Africa, according to a report newly published by the United Nations Economic Commission for Africa (UNECA). The “Women’s Entrepreneurship Report” studied data from tens of thousands of African entrepreneurs and firms to establish links …

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Airtel, Mastercard introduce Virtual Debit Card

Kampala, Uganda | Julius Businge | Technological advancements, innovations continue to emerge in the world economy to facilitate transactions and related services across sectors of life. On Jan.11, Airtel Uganda, in partnership with Mastercard introduced a virtual debit card offering to enable customers transact online globally. The virtual (non-plastic) card allows …

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Elections could affect recovery of lending businesses

Kampala, Uganda | THE INDEPENDENT | Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector was still trying to recover from the effects of the Covid-19 pandemic when the climax of the election …

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U.S. equities post weekly gains in kicking off 2021

New York, U.S. | Xinhua | Wall Street’s major averages advanced in the first trading week of the new year as investors shrugged off the turmoil in Washington and a weaker-than-expected December U.S. employment report. All the three major indexes finished higher on Friday after achieving their respective milestones in the …

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IMF projects China’s economy to grow by 7.9% this year

  Washington, US | XINHUA |  China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …

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Integrate national planning to save environment – Mayiga

Kampala, Uganda | THE INDEPENDENT | Buganda Kingdom has called for the integration of the national plans to ensure that protection of the environment is considered alongside different strategies. “How have we planned for the growing number of youthful people who need work and get money?” the Katikkiro of Buganda Charles …

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AfCFTA can position African economies stronger against COVID-19

Addis Ababa , Ethiopia | Xinhua | The African Continental Free Trade Area (AfCFTA) Agreement can potentially position African economies stronger in the face of future global shocks such as the ongoing COVID-19 pandemic, a senior United Nations trade policy expert said on Wednesday. Speaking exclusively to Xinhua, David Luke, Coordinator …

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