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

KAWOOYA RELEASED ON POLICE BOND

p>By Ntale Younus

The man who was brutally arrested on a Kampala street has been released on Police Bond.

Yusuf Kawooya, a Democratic Party activist

GOVERNMENT LOBBIES WORLD BANK ON HOUSING MORTGAGE

Government is negotiating with the World Bank to introduce Housing Mortgage facility as a way to promote a progressive housing and urban development plan for major cities and municipalities in the Country. This follows a plea by the World Bank to Government to improve housing facilities especially in urban Centers.

ECONOMISTS CAUTION GOVERNMENT ON FREE TRADE AREA.

Economists and the Public Sector have advised Government against fully opening up the region for free trade policies in the tripartite trade.<\p>

If adopted, the move will open up a free trade policy for all countries in the East African Community region, Southern African Development Commission and the Common Market for East and Southern African

Gen Lakara Tours Amison Bases In Somalia

Mogadishu - Commandant of the AMISON forces in Somali Capital Mogadishu Maj Gen Nakibus Lakara has taken a rare tour of all the AMISON bases in the war ravaged Country. Maj Gen Lakara visited the bases that are manned by the Uganda and Kenya Contingents in Badhere Camp and El Adde, which were both once AL Shabaab dens of terror.

ACHOLI DEMANDS FOR LAND RIGHTS. OUR LAND OUR VOTE:

The people of Acholi have vowed to continue shunning leaders who are deemed insensitive to their land rights, saying as a community, they have suffered a lot of humiliation from such leadership in the past. Justifying the recent voting pattern in the region in which the ruling party lost, the community argues that they cast a protest vote against the rampant violations of the indigenous

JOURNALISTS UNDRESSED AND BEATEN AT KASANGATI

Police has arrested journalists at Kasangati in attempt to block the FDC NEC Members led by Gen Mugisha Muntu. Bahati Remmy working with NBS TV was also undressed as

GOVERNMENT ROOTS SHS. 30BN FOR VILLAGE HEALTH WORKERS

By UTN Reporter

Wandegeya - The Ministry of Health is grappling with funds to train and recruit 1,000 Community Health Extension Workers-CHWE to replace the non-effective Village Health Teams-VHT in providing basic health and medical care in communities.

BUGANDA LOYALISTS STORM POLICE OVER NFA LAND

Masaka - A team of Buganda loyalists has stormed Bukakkata police station demanding for the return of their sign post that was removed by the National Forestry Authority together with the environmental police. The loyalists led by deputy PokinoMwalim Kato Abdallah asked the acting officer in charge of the police station Fred Mwanga to hand over the sign post to them,

LOW STANDARDS HURT UGANDAN PRODUCTS

The low standards of Ugandan products are one of the key barriers that the country faces as it tries to penetrate the East African regional market. Calls to promote exports are being advanced, however, it can only be achieved if the products conform to the required standards for regional trade. These are some of the observations made by government

officials and the business owners in a move to promote product quality and subsequently consumption. Many SMEs are unaware of the required product standards in order to thrive in the local and regional market. This coupled with negative attitudes towards standardization have crippled businesses.