BUSINESS NEWS POWERED BY STANBIC BANK: Presidents Museveni, Paul Kagame and Salva Kiir will today launch Standard Gauge Railway construction in Uganda. Private sectors in Uganda have started discussions on pooling resources to fund government projects and also expand the private sector in order to lower business costs. Charges on loan application constitute one of the largest sources of revenue for banks, a recent report shows. The report, authored by African Alliance Banking, analyses Uganda’s banking sector focusing on performance and potential revenue streams for the sector. Over 200 St. Balikuddembe Market traders stormed the offices of Kampala Capital City Authority (KCCA), demanding that KCCA intervenes on the market monthly dues charged by St. Balikuddembe Market Stalls, Space and Lock up Shops Owners Association (SSLOA). INTERNATIONAL BUSINESS; Asian markets headed lower, following Wall Streets cue, after the International Monetary Fund (IMF) cut its global growth forecasts. TECHNOLOGY; Twitter has sued the US government over surveillance laws. Under current regulations, Twitter cannot reveal certain information about government requests for users data relating to national security. FOREX RATES: Currency Buying Selling USD 2,654 - 2,664 GBP 4,269 - 4,285 EUR 3,352 - 3,364 KSH 29.76 - 29.87 TSH 1.58 - 1.59
Posted on: Wed, 08 Oct 2014 10:45:34 +0000
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