Kampala News
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Coffee exports from Uganda, Africa’s second-biggest exporter of the beans, rose year-on-year in April after a post-election dispute was resolved in neighboring Kenya, its gateway to the sea.
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Kenyan coffee prices rose at a weekly auction, rebounding from five weeks of declines in line with a global rally.
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Finance Ministry comments in pre- budget document without giving total amount for construction of refinery. * NOTE: Tullow Oil, China National Offshore Oil Corp. and France’s Total SA developing Uganda’s finds of 3.5b barrels of crude * NOTE: Govt, Total, CNOOC agreed on a 30,000bpd refinery
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Uganda’s central bank left its benchmark interest rate unchanged for a fifth month as core inflation remained above target.
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Bloc wants tender for building 600MW Karuma hydropower dam open to all “competent” cos irrespective of country of origin, Kampala-based Daily Monitor reports, citing head of EU Delegation to Uganda, Roberto Ridolfi. * Picking co. from country offering $2.2b loan for construction would be “breach of the public procurement rules,” paper quotes Ridolfi * Comments follow report in state-run New Vision that China will provide financing, cos. for project: Monitor * NOTE: Nation’s ombudsman in Feb. canceled earlier tenders over procurement irregularities
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A three-year effort to fine-tune curbs on volatility for individual stocks entered a new phase yesterday in the U.S.
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Centum Investment Co. Ltd., Kenya’s largest publicly traded investment group, is putting $22 million into a luxury marina project in neighboring Uganda that is expected to be finished by the end of 2016.
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Coffee exports from Uganda, Africa’s second-biggest shipper of the beans, rose for a third month year-on-year in March, as exporters bought and released more stocks.
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Uganda’s central bank left its benchmark interest rate unchanged for a fourth time this year to ward off inflation pressures.
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Uganda’s inflation accelerated in March for the first time since December as fuel prices increased, stifling the prospect of interest-rate cuts.
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