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Over 1,000 traders desert Busia charcoal market

Busia, Uganda |  THE INDEPENDENT | Over 1,000 traders have deserted the newly gazetted charcoal market in Sofia village, Eastern division of Busia Municipality. On August 16, 2020, Busia district authorities allocated 2.9-acres of land that was hosting Sofia Market to the Ministry of Health for the expansion of the Port …

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IMF projects China’s economy to grow by 7.9% this year

  Washington, US | XINHUA |  China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …

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Tony Elumelu Foundation 2021 TEF Entrepreneurship Programme Application Opens

Kampala, Uganda | THE INDEPENDENT | Africa’s philanthropist, Tony Elumelu Foundation, has opened its applications for a new entrepreneurship training. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges arising …

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Parliament approves loans worth UGX 18.6 trillion in 2020

Kampala, Uganda |  THE INDEPENDENT | Last year Parliament approved loans to the tune of 18.69 trillion Shillings, according to the report detailing the business transacted by the House in the year 2020.    The approved loans are up from the 6.15 trillion Shillings that legislators approved in 2019.  According to the …

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Car boot sales are illegal – KCCA

Kampala, Uganda |  THE INDEPENDENT | The emerging car-boot Ugandan entrepreneurs can still enjoy a free ride in the market but all indications are that it will not be long before authorities start demanding their pound of flesh. The car boot sales businesses which propped up during Covid-19 pandemic March to August, are …

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