ugandan_diaspora_social_networking_event_2015_00
Economy

Two African Development Bank projects in Uganda and Côte d’Ivoire receive US Treasury Awards for Development Impact

Two outstanding African Development Bank (AfDB) (http://www.afdb.org) initiatives, based in Uganda and Côte d’Ivoire, received Development Impact Honors on Thursday, July 25 from the US Treasury Department in an awards cerem...


New York Times OP-ED | Homeward Bond

  By NGOZI OKONJO-IWEALA and DILIP RATHA — HERE’S a statistic you may not be aware of: about 50 percent of the world’s uncultivated, arable land is in Africa. This abundance of potential farmland offers Africa t...



Life in the Diaspora ~ Top 10 Richest US Cities: Washington, D.C., Takes The Top Spot

The richest city in the United States is currently Washington, D.C., according to a recent report by 24/7 Wall Street. After pouring over US Census data, it was determined that the nation’s capitol has the highest average in...



Bank Of Uganda Launches UGX 1000 Commemorative Uganda@50 Coin

Bank of Uganda launched the UGX 1000 commemorative coin in celebration of the 50th Independence anniversary of the Republic of Uganda on Friday September 28, 2012 in a ceremony held at the Bank of Uganda Headquarters in Kampal...


HSBC | Political stability and reforms underpin sub-Saharan growth – Focus on Nigeria, Kenya & Uganda

Sub-Saharan Africa, long marred by political instability, conflicts and an uncertain business environment, is making an impressive leap forward thanks to an improving political backdrop and an eagerness to undertake structural ...



Re: Made In China | China’s goods burden Africa’s producers – Washington Post

LAGOS, Nigeria — From the edge of Lagos Island, you have a clear view of the giant cargo ships coming in to dock. Walk a few blocks away from the water to Balogun market, and you’ll see where some containers’ contents end...



The First Uganda Diaspora Infrastructure Development workshop held In Dallas/Hurst, Texas.

The Hurst Convention Center in Hurst, [a city within the Dallas Fort Worth-DFW metroplex] Texas was the venue of the first Ugandan Diaspora Infrastructure Development workshop sponsored by the world bank in conjunction with the...


South Sudan to unveil pipeline plans next week: Minister Says

JUBA/BEIJING (Reuters) – South Sudan will announce plans for an oil export pipeline through East Africa next week, a priority for the new nation because its crude is “no longer safe” in Sudan, a government s...



New York Times ~ Uganda’s Oil Could Be Gift That Becomes a Curse

By JOSH KRON, New York Times ~ Despite Ugandans’ dreams of industrialization, the country’s most lucrative export is coffee, and fish is second. Nearly 40 percent of the population survives on less than $1.25 a day, accordi...


Uganda Shilling firms vs US Dollar, seen gaining more

By Elias Biryabarema | Reuters ~ KAMPALA (Reuters) – The Ugandan shilling edged higher against the dollar on Friday as tight shilling liquidity forced banks to unwind dollar positions to ensure their local currency holdin...



UGANDA: Making the most of security and livelihood gains in Karamoja

KOTIDO,  (IRIN) – Catherine Namoe straightens up from the back-breaking task of harvesting cow pea leaves to answer some questions. It is tough work, she says, and the men do not help much. Even if the rain does not come...



Press Release ~ Presidential Proclamation ~ African Growth and Opportunity Act

The White House, Office of the Press Secretary ~ For Immediate Release, October 25, 2011 Presidential Proclamation — African Growth and Opportunity Act BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION Se...


Discontent Simmers in a Market as Uganda’s Economy Staggers

By JOSH KRON, New York Times ~ KAMPALA, Uganda — Sam Katende wipes his brow as a burst of steam from his frying pan blows into his face. This business used to be a lot easier, dishing out rolled eggs — or “Rolexes,” as ...



UPDATE 2 -Tullow sees key Uganda deal completing in September

LONDON, (Reuters) ~ British oil firm Tullow Oil (Stuttgart:591219) said it expected to conclude a long-awaited deal in Uganda in September as it posted soaring first-half profits and doubled its dividend. Tullow has been waitin...



Uganda Shilling Climbs for Second Day on Dollar Flow From 3-Year Bond Sale

By Fred Ojambo ~ Uganda’s shilling, the world’s second worst-performing currency in the last month, climbed for a second day against the dollar as foreign investors bought the local currency to participate in a sale of thr...


Uganda to allow sugarcane plantation in Mabira forest

By Elias Biryabarema, KAMPALA, (Reuters) – Uganda’s President Yoweri Museveni will allow 7,100 hectares of virgin forest to be farmed for sugarcane, his spokesperson told Reuters on Monday, potentially triggering a ...



Ugandan Shilling Heads for Weakest in 18 Years on Importers’ Dollar Demand

By Fred Ojambo ~ Uganda’s shilling, the world’s worst-performing currency in the last month, headed for the weakest closing level on record because of increased demand for dollars by companies to pay for raw-material impor...


Ugandan Shilling Hits 18-Year Low, Has Fourth Weekly Drop on Dollar Demand

By Fred Ojambo, BLOOMBERG ~ Uganda’s shilling, the world’s worst-performing currency in the last two months, headed for a fourth week of declines against the dollar after reaching an 18- year low on rising demand for the U....



Kenya-Uganda Rail Operator Signs $164 Million Loan Agreement

By Eric Ombok ~ Rift Valley Railways Ltd., operator of the Kenya-Uganda railway, signed a $164 million loan accord to finance an upgrade that may boost capacity almost four-fold, according to its biggest shareholder, Citadel C...



Uganda Shilling Dips to Lowest Level in a Month on Company Dollar Demand

By Fred Ojambo, BLOOMBERG ~ Uganda’s shilling fell to the lowest in more than a month against the dollar as companies bought the U.S. currency to finance their operations against reduced inflows of the greenback. The currenc...


Uganda Opposition To Resume Protests Over Escalating Food Prices

By Nicholas Bariyo, KAMPALA, Uganda (Dow Jones) ~ Ugandan opposition parties Wednesday said that they would resume nation-wide protests against escalating food prices and inflation next week, blaming the government for not addr...







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