Lira, Uganda | THE INDEPENDENT | Hundreds of people on Tuesday morning flocked markets in Lira town to purchase food after President Museveni ordered a two-week nationwide lockdown in a bid to combat further spread of the deadly coronavirus. By 9 am, both village and town dwellers were seen in …
Read More »Markets adopting COVID-19 preventive measures to combat the spread
Kampala, Uganda | THE INDEPENDENT | The coronavirus pandemic has prompted the administrators of Nakawa, Usafi, Nakasero, Wandegeya, and Kalerwe markets to lay strict to protect vendors and their clients from infection Various markets have gazetted hand washing points at their entry and deployed personnel to ensure all people comply. …
Read More »Construction of cross border markets in Amudat near completion
Amudat, Uganda | THE INDEPENDENT | Amudat District is set to get a boost in trade after completion of two cross border markets. The markets are being constructed by Amudat District local government with support from Mercy Corps, Development Initiative for Northern Uganda (DINU) and government of Uganda, through the Resilience …
Read More »Blip or bust: coronavirus economic impact still in doubt
Paris, France | AFP | Markets have shuddered as the coronavirus spreads worldwide, but analysts doubt it will plunge economies into a crisis like the one that followed the 2008 Lehman Brothers investment bank failure. Where will the market slide end? Stock markets held up fairly well in the first weeks …
Read More »JOBS: Market Construction supervisors
Kampala, Uganda | THE INDEPENDENT | Uganda MINISTRY OF GENDER, LABOUR AND SOCIAL DEVELOPMENT Department of Employment Services, Internal Employment Unit WANTED: Construction Supervisors (20) • Bachelor’s degree in Construction, or Engineering preferable. • 5-10yrs experience in the construction industry required DEADLINE: March, 10- 2020 CLICK HERE Share on: WhatsApp
Read More »Individuals, companies to own markets in new market reform bill
Kampala, Uganda | THE INDEPENDENT | Parliament has granted leave to Workers MP Margaret Rwabushaija to introduce the establishment and management of markets bill, 2019 that will allow individuals to own and set up markets. Rwabushaija says the current Markets Act places the vital question of ownership of land and …
Read More »Wall Street sinks as skyrocketing oil prices rattle nerves
New York, United States | AFP | US stocks sank into the red on Monday as attacks on Saudi crude production and record jumps in oil prices whipped up investor anxieties about the global economy. Saturday’s devastating attacks on Abqaiq — the world’s largest oil processing facility — and the …
Read More »Refinitiv, BOU and ACI enhance market transparency in Uganda
BOU, ACI move to work with Refinitiv, further cements Uganda’s efforts to attract long-term foreign direct investments Johannesburg, South Africa | THE INDEPENDENT | Refinitiv, the Central Bank of Uganda BOU, and the ACI Financial Markets Association of Uganda have announced that they will be working together to strengthen Uganda’s trade …
Read More »European stocks rally after US vote, eyeing political gridlock
London, United Kingdom | AFP | European stock markets rallied on Wednesday after a mixed session in Asia, as analysts warned of potential economic fallout from political gridlock in the United States triggered by the country’s midterm elections result. The dollar slid against main rivals, with the pound boosted also …
Read More »Bitcoin drops below $6,200 for first time in three months
Tokyo, Japan | AFP | Bitcoin plunged 20 percent to a three-month low on Tuesday, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell to $6,190 for the first time since mid-November, …
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