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CONFIRMED: Nigeria To Host Focus Africa Science Innovation & Commodity EXPO 2021

CONFIRMED: Nigeria To Host Focus Africa Science Innovation & Commodity EXPO 2021

By AWORI ESTHER LUCY ABUJA, Nigeria-SHIFTMEDIA- It has been officially confirmed, Nigeria will host the “Focus Africa Science Innovation and Commodity Expo 2021” The theme of the expo to be held at the Abuja International…

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SEALED: CNOOC Uganda Limited, Stanbic Business Incubator Sign MOU To Bolster Oil And Gas Sector

By SMN CORRESPONDENT KAMPALA-SHIFTMEDIA- CNOOC Uganda Limited and Stanbic Business Incubator Limited (SBIL) have signed a Memorandum of Understanding (MoU) to facilitate a partnership and collaboration that will significantly contribute to the development and sustainability of…

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GAINS: Stanbic Bank Registers Ugx242b Profits In 2020 Despite Covid 19 Pandemic

GAINS: Stanbic Bank Registers Ugx242b Profits In 2020 Despite Covid 19 Pandemic

By Our Reporter KAMPALA-SHIFTMEDIA- Stanbic Uganda Holdings Limited (SUHL) has registered a profit of UGx242 billion after tax in its just published 2020 full-year results. Stanbic Uganda Holdings Limited (SUHL) is a subsidiary of Stanbic…

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DEBT BURDEN: “Reduce On Expenditures To Curb On Increasing Debts” – CSOs Urge Government

DEBT BURDEN: “Reduce On Expenditures To Curb On Increasing Debts” – CSOs Urge Government

By PATRICK JARAMOGI KAMPALA-SHIFTMEDIA– It is going to get worse before it gets better. The discussion now is whether Uganda’s skyrocketing debts should be totally cancelled as suggested by Uganda Debt Network’s Julius Kapwepwe, or…

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PROFITS: Stanbic Bank Releases Shs110b For Shareholders

PROFITS: Stanbic Bank Releases Shs110b For Shareholders

KAMPALA- SHIFTMEDIA – Stanbic Bank Uganda (SBU) shareholders will smile to the bank after they were paid out a total of Shs 110 billion as dividends financial year 2019. At the peak of the Covid-19…

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TAX TALK: Multiple Taxations Hurting Women Businesses In Uganda-CSOs

TAX TALK: Multiple Taxations Hurting Women Businesses In Uganda-CSOs

By PATRICK JARAMOGI KAMPALA- SHIFTMEDIA– Women who constitute over 39% of the businesses in Uganda are still facing issues of multiple taxations, Civil Society Groups in Uganda have observed. Addressing the issues of Gender and…

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CSOs Task Government To Increase Funding To Agriculture As Maize Ban Loss Totals Shs447b

CSOs Task Government To Increase Funding To Agriculture As Maize Ban Loss Totals Shs447b

By PATRICK JARAMOGI KAMPALA-SHIFTMEDIA– The consequences of Kenyan banning Uganda’s maize despite being a member of the East African Community are beginning to bite. Kenya on March 5 2020 slapped a ban on all maize…

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LOSS: Scores of Ugandan Maize Traders Lose Billions After Kenyan Ban

LOSS: Scores of Ugandan Maize Traders Lose Billions After Kenyan Ban

By AWORI ESTHER LUCY BUSIA- SHIFTMEDIA– Just three days after Kenya shut its doors for Ugandan maize traders are already crying foul The latest we can reveal is that the traders have so far lost…

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TRADE: Uganda Maize Exports Into Kenya Increase Fivefold

TRADE: Uganda Maize Exports Into Kenya Increase Fivefold

By Our Reporter KAMPALA- SHIFTMEDIA– Maize imports from Uganda rose five-fold in January compared to a similar period last year as traders and millers rushed to bring in the grain in anticipation of a shortage.…

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BUSTED: Cross-Border Smuggling, Corrupt Customs Officials Hurting Domestic Revenue Collection

BUSTED: Cross-Border Smuggling, Corrupt Customs Officials Hurting Domestic Revenue Collection

By PATRICK JARAMOGI KAMPALA-SHIFTMEDIA– Many development projects have been lined up for implementation in the FY 2021/2022, but issues of low revenue collections remain a ‘thorn in flesh’ regarding the achievements of these projects. The…

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