Government of Uganda to Increase Teachers Pay

Government of Uganda to Increase Teachers Pay

Kampala-The Government of Uganda will in the next financial year increase the salary of primary school teachers. This is contained in the2014/2015 budget proposal read by Minister of Finance, Dr Maria Kiwanuka on Thursday at the International Conference Center in Kampala. Kiwanuka while reading the 2014/15 budget on Thursaday at Serena International Conference Centre said government had allocated Shs1, 699.4 billion to the education sector in the next financial year to enhance the quality of education. “I have allocated Shs 450 billion to enhance the salary of all Public Servants. This includes provisions for the teachers’ pay increase in line with Government’s agreement with the Uganda National Teachers’ Union (UNATU). […]

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Ugandan Traders Brawl Over World Bank Funded Markets

By: Lillian Naburufe,Isaac Opero,Oliver Namukobe &Moses Wabendo Kampala-Friday June 6, 2014-Market vendors in Uganda are scrambling for spaces in the multi-million dollar ultra-modern markets constructed using funds from the World Bank. Over the past months, vendors have been engaged in fist fights over spaces in the five regional open air fresh food markets in Uganda. Mbale Central Market in eastern Uganda has been a scene of daily clashes which as prompted the police to deploy anti-riot personnel. The vendors there were angered after they went back to reoccupy the market after completion only to find that the stalls had been illegally allocated to outsiders-people who never operated in the area […]

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Iranian & Turkish Firms to Invest in Uganda

December 27, 2013 11:37 am0 comments by:
Iranian & Turkish Firms to Invest in Uganda

Kampala- Representatives of Iranian and Turkish companies that are interested in investing in energy and construction are in Uganda to hold talks with President Yoweri Museveni. The representatives are from Adaali Insaat a company interested in harnessing wind for production of energy, manufacture of solar panels, construction and leather tanning. Others are from, Tepe Klima a company which intends to establish International Maritime registry in Uganda.President Museveni has this afternoon met representatives of Turkish investors including Adali Insaat Inc and Tepe Klima company based in Instanbul. Adaali Insaat is interested in harnessing wind for production of energy, manufacture of solar panels, construction and leather tanning. Tepe Klima is interested in establishing […]

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East African Countries Sign Monetary Union Protocol

December 1, 2013 9:29 am0 comments by:
East African Countries Sign Monetary Union Protocol

  East African countries have signed a protocol on monetary union a step that paves way for a single currency. Presidents Jakaya Kikwete of Tanzania, Yoweri Museveni of Uganda, Uhuru Kinyata of Kenya, Paul Kagame of Rwanda and Pierre Nkurunziza of Burundi yesterday signed the monetary union protocol at the end of the 15th East African Heads of State regional integration summit in Kampala. A communique issued by the East African Community Secretariat at the end of the summit states that all the partner states are to conclude the ratification of the Protocol by July 2014. Kenya’s president Uhuru Kenyatta in his speech at the signing ceremony said the economies […]

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TTCL to Become State Owned Company Again!

November 5, 2013 12:56 pm0 comments by:
TTCL to Become State Owned Company Again!

THE government has announced plans to wholly own Tanzania Telecommunications Company Limited (TTCL). This will enable the oldest and largest telecommunication company to roll well its plans, including becoming the market leader in the country.

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Railway Operations Resume in Northern Uganda

October 27, 2013 4:39 am0 comments by:
Railway Operations Resume in Northern Uganda

Rift Valley Railways has finally resumed rail services in northern Uganda. Rail services on the 500 kilometer northern line were officially launched yesterday by President Yoweri Museveni during the ceremony that took place from Gulu Railway Station. The line runs between Tororo – Mbale – Kumi – Soroti – Lira – Gulu and Pakwach. It had been out of service for the last 18 years due to the Lord’s Resistance Army-LRA insurgency in northern Uganda. “What may seem as a small step by Rift Valley Railways today is a great step for economic integration in the region,” Mr. Charles Mbiire, Director Rift Valley remarked at the function. The General Manager […]

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The African Growth Opportunity Act: Re-thinking the developmental role of Africa’s trade partners

October 14, 2013 12:39 pm2 comments by:
The African Growth Opportunity Act: Re-thinking the developmental role of Africa’s trade partners

On the 18th of May 2000 President Bill Clinton signed the African Growth and Opportunity Act (AGOA) into law. AGOA caused a paradigm shift; it introduced a radical change into Africa-U.S. trade relations, which had been defined by Cold War-era policies, donor-recipient relations and aid (for poverty alleviation). Since 2001 AGOA has been the cornerstone of Africa-U.S. trade relations.

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African infrastructure financing: Closing the gap under tight fiscal constraints

October 7, 2013 2:02 am0 comments by:
African infrastructure financing: Closing the gap under tight fiscal constraints

Inadequate infrastructure continues to be a major binding constraint to Africa’s quest for sustained economic growth. The region has attained impressive growth rates over the past decade, buoyed to a large extent by a commodity boom from 2000, albeit now subsiding, and an improvement in the macroeconomic environment of many countries. Still, Africa continues to grapple with a massive infrastructure gap, notably in the water, sanitation, power and health sectors, which have a high social return, but which private investors often avoid due to their limited revenue-generating capacity.

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ASCO enters Tanzania with BG win

September 13, 2013 11:26 pm0 comments by:
ASCO enters Tanzania with BG win

ASCO has won a major contract to provide Supply Base services to BG in Tanzania.
The international oil and gas services company has been awarded the three year contract, valued at around $100m

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Tanzania Records Decline in Inflation

Background concept illustration Consumer Price Index

Dar- es-salaam- Tanzania has recorded a decline in inflation in the month of August.
Inflation declined, to just 6.7% from the 7.5% that was recorded in the month of July. This has been attributed to the reduction in the price of both food and non-food items.

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