BUSINESS NEWS WITH CONSOLATE NAMYALO POWERED BY Stanbic Bank Uganda: President Yoweri Museveni has encouraged US investors to venture into the agro processing sector and mineral development in Uganda. Co-operatives engaged in primary production will be the biggest beneficiaries when the ongoing East African Community (EAC) Co-operative Societies Bill 2014 is enacted into law. Gunfire rocked Kabale town on Sunday as traders resisted their eviction from the weekly market at Esso Park. Rwanda has joined the rest of the world in celebrating International Mining Day. The event was preceded by Mining Week, which ran from 27 November with a focus on professional mining as a pillar to growth and sustainable development. ELSEWHERE: Trade data from the worlds second largest economy, China, came in well below expectations on Monday, heightening fears of a sharper slowdown. TECHNOLOGY: A hacker group has claimed responsibility for attacking Sonys online PlayStation store, which is down today. FOREX RATES: Currency Buying Selling USD 2,759 - 2,769 GBP 4,302 - 4,318 EUR 3,393 - 3,405 KSH 30.54 - 30.65 TSH 1.58 - 1.58
Posted on: Mon, 08 Dec 2014 10:56:24 +0000
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