UTN News

IAAF AID UGANDA SHILLING GAIN AGAINST DOLLAR

By UTN Business Reporter

Kampala - The Uganda Shilling has significantly gained value in relation to the US Dollar in a space of 3 days. The Uganda Shilling by Thursday traded at 3,590.79 / 3,600.70 as compared to Tuesday at 3,591.35 / 3,601.35 buying and selling respectively.

The positive trend has largely been attributed to increased inflows of the dollar brought in by foreigners coming into the country for the IAAF World Cross Country event slated for this Sunday.

The Uganda Shillings has been flat for a while, and traded lowly.

A financial expert Lawrence Gidudu predicts that the Shillings is likely to remain constant as inflows and outflows will remain balanced The Bank of Uganda Treasury bill auction increased to up to Sh 165bn.

News

KALANGALA FARMERS DEFY BIDCO

Kalangala – Palm Oil Farmers in Kalangala under their umbrella body Kalangala Farmer Association have resorted to squeezing oil from their palm fruit produce other than selling row material to Bidco. His comes at the back drop of a couple of failed attempts to have their price rate offered by BIDCO revised, but all in vain. The farmers say this decision was engineered by the law

RELIGIOUS LEADERS BANISH MP’s FOR GREED

A coalition of Religious Leaders coded Justice and Peace Network have banished Members of Parliament for what they call selfish and greedy initiatives to have their salaries and monthly emoluments tax exempted.

The clergies led by former Gulu Diocese Bishop Rt Bishop Mackleord Baker Ocholla

FOUR SHOT DEAD IN MUKONO

Four people have been shot dead in Mukono, and scores injured when gun men raided a Mobile Money Kiosk in Nabuti trading center.

The thugs opened fire to the crowds at about 9pm killing

VENDORS CRY FOUL OVER LOW EASTER SALES

Market vendors selling utilities, like food, chicken, tomatoes, are crying for low sale turn ups during this festive season. A number of markets we reached to, vendors are still stranded with their commodities, with no customers yet, and those appearing, want to buy at low prices. Walking through various markets in Kampala metropolitan

UCC SUED OVER SWITCHING OFF SOCIAL MEDIA SITES, MOBILE MONEY

Court:Uganda Communications Commission (UCC) is sued for having directed telecommunication companies and mobile money service providers to block the use of mobile money and all social media sites.

The law suit was filed by human rights watchdog body, Legal Brains Trust before the

ELECTORAL COMMISSION, CCEDU RECONCILE

By UTN Reporter

The electoral Commission has amended its ties with the Citizens elections monitoring body, CCEDU barely a year after the latter’s operations

ENGINEERS WARN THE PUBLIC ON "QUACK ENGINEERS"

The Uganda Association of Professional Engineers have warned the public against using what they termed as unqualified and quack engineers who end up constructing buildings that collapse and kill people.

The association President Eng Dr Dorothy Okello warns that if the public

FDC PRAYERS: BAD OMEN FOR MUSEVENI, KAYIHURA

Kampala - The FDC free my vote campaign entered into a full month with the FDC activists attending the prayers at the Najjanankumbi head office. The prayers and FDC supporters all in full anticipation that the FDC presidential flag. Police kept tight guard at the FDC headquarters Najjanankumbi before drama ensued of a security detail inside dressed casually as

INSECURITY IS CAUSED BY POVERTY – OBIGA KANIA

By UTN Reporter

Namutumba - State Minister for Internal Affairs Obiga Kania has castigated poverty as the major cause of internal insecurity in the country.