BUSINESS UPADTE WITH Orange Over 10,500 vendors will be evicted next month to allow redevelopment of the Kisekka market expected to cost UGX141Bn. Kisekka Market will soon be refurbished into a modern facility, after decades of running as an informal set-up that deals in automotive spare parts of all kinds. Traders will be relocated to Namayiba Bus terminal, which currently operates as a temporary taxi park. According to the management in charge of the market redevelopment plan, all the paper work required has been finalized awaiting financial partners to append signatures of confirmation. After National Water and Sewerages Corporation disconnected water supply to mulago hospital over unpaid dues, Luzira Maximum Prison has been temporarily reconnected on condition that the outstanding bill of sh8bn, accumulated over the years, is paid in two weeks. Water in the maximum prison was disconnected leaving the detention center under threat of poor sanitation related diseases. According to the National Water and Sewerages Corporation, The arrears had accumulated since the 2005-2006 financial year. The spokesperson of the cooperation Samuel Apedel, said the prison’s bill is part of a sh30bn bill owed by government bodies to the water corporation. Ugandan traders have called off a strike over nonpayment of nearly 126 billion shs after assurance by the police that they will be paid. Inspector general of police GEN. Kale Kayihura has assured the traders that their matter is being handled at the ‘highest level possible’, after complaints that they supplied merchandise to the neighbouring country for over five years and have not received their payment. Assistant Commissioner for external trade Cyprian Batala said that they were doing all they could to have all the traders paid. So as to increase efficiency in service delivery, The Kenya Ports Authority has set aside Sh5 billion from its current budgetary allocation to purchase modern cargo handling equipment. The chairman Mr Danson Mungatana said it was important for the port to strongly face competition from other ports in Africa and maintain its position as a global facility of choice. New Yorks attorney general has called for curbs on services provided to high-frequency traders. In particular Eric Schneiderman highlighted services that allow traders to get faster access to information. He said traders can make rapid and often risk-free trades before the rest of the market can react. High frequency trading is where firms create sophisticated computer programs to buy and sell stocks in milliseconds, faster than any human. CURRENCY BUYING SELLING USD 2532 2550 GBP 4195 4270 EURO 3515 3550 KES 29 29.7 RADIOCITY NEWS:WE BRING THE WORLD CLOSER TO YOU.
Posted on: Wed, 19 Mar 2014 13:12:21 +0000
Trending Topics
Recently Viewed Topics
© 2015