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Tag Archives: investors

Investors flee Karamoja as mining sites targeted

Moroto, Uganda | THE INDEPENDENT | Local governments in Karamoja districts are losing revenue accruing from the transportation of mineral transportation as miners withdraw from the fields citing the insecurity in the region. Karamoja region has experienced unrest for the past few months following the escalation of ambushes and raids …

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Museveni calls for more Turkish investments in Uganda

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has called on Turkish investors to get more involved in Uganda’s nascent mineral sector for it to realise its full potential. Museveni made the remarks while meeting Turkish investors led by the Turkish Ambassador to Uganda, Fikret Kerem Alp at State House …

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Fires destroy 1,400 acres of sugarcane in Lamwo

Gulu, Uganda | THE INDEPENDENT | Wildfires have destroyed more than 1,400 acres of sugarcane in Ayuu Alali parish in Palabek Kal Sub County in Lamwo district.  The Chairperson Ayuu Alali Sugarcane Outgrowers Cooperatives Society, Francis Ojwiya, says that the fire broke out from sugar plantations that had already been …

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U.S. equities post weekly gains amid Fed minutes, earnings

New York, U.S. | Xinhua | U.S. stocks advanced for the week as investors sifted through minutes from the Federal Reserve’s recent meeting and a slew of earnings reports. For the week ending Friday, the Dow rose 1.6 percent, while the S&P 500 and the tech-heavy Nasdaq Composite climbed 1.8 percent …

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EAC urges Kenyan, Tanzanian investors to boost cross-border trade

Nairobi, Kenya | Xinhua | The East African Community (EAC) on Wednesday called on Kenyan and Tanzanian investors to take advantage of bilateral engagements between partner states to boost cross-border trade. Peter Mathuki, secretary-general of EAC said that Kenya’s imports from Tanzania between January and June grew by about 70 percent …

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U.S. equities post weekly losses amid rising bond yields

New York, U.S. | XINHUA | U.S. stocks declined in the volatile past week as a surge in bond yields unnerved investors who rushed to dump risk assets, especially high-flying shares. For the week ending Friday, the Dow lost 1.8 percent, while the S&P 500 and the Nasdaq fell 2.5 percent …

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