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Malaba, Uganda:The long distance truck drivers have called off the strike at malaba on the Uganda-Kenya border following successfull negotiations with the Uganda revenue Authority (URA), the Kenyan government transport ministry officials and the drivers’ representaives.
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The global financial crisis will reduce Uganda’s growth and earnings from exports, tourism and remittances from abroad, government has warned. Finance Minister Dr Ezra Suruma told Parliament that while Uganda is not directly exposed to the risk, the crisis could lead to a reduction in money remitted by Ugandans in the Diaspora, aid flows from donor countries, and foreign direct investment into the country.
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Kampala: DIAMOND Trust Bank has opened a new branch in Kitintale, one of the surbabs east of the city. “This is part of our grand plan to roll out and take services closer to the masses, especially the unbanked communities,” George Mashashi, the executive director, said.
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Kampala - Three African trading blocs agreed on Wednesday to create a free trade zone spanning 26 countries and to establish joint infrastructure and energy projects. The zone would help streamline access to markets within African regional bodies with an estimated gross domestic product (GDP) of $624bn. Many African nations belong to conflicting and overlapping groups.
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Lagos - Nigeria's Supreme Court is expected to decide on Thursday whether to declare invalid the results of the April 2007 election that brought President Umaru Yar'Adua to power.
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