BUSINESS NEWS UPDATE :With Emmah Atai. Uganda Revenue Authority (URA) Customs Commissioner, Richard Kamajjugo has confirmed that the second phase of the Single Custom Territory (SCT) will be rolled out on June 1, 2014. President Yoweri Museveni has today launched the 525-metre long and 80-metre high High-tech bridge construction across River Nile. The project is worth US $132m.The bridge,upon construction will boost trade in the region. Masaka Police are holding two suspected fraudsters after they were found in possession of counterfeit currency worth 3 million shillings. The suspects are Wahab Kazeyi, a resident of Bushenyi district and Isaac Bukenya,a resident of Mbarara district. ON THE INTERNATIONAL SCENE; Indias central bank has unexpectedly raised interest rates in an attempt to stop inflation in a crucial election year. The Reserve Bank of India (RBI) raised the benchmark repo rate , the amount at which it charges to lend to commercial banks , to 8% from 7.75%. TECHNOLOGY: British and US spy agencies have gathered data from smartphone apps which leak personal data on to global networks, according to reports. FOREX RATES: Currency Buying Selling USD 2,479 - 2,489 GBP 4,109 - 4,125 EUR 3,389 - 3,403 KSH 28.9 - 29 TSH 1.53 - 1.54
Posted on: Tue, 28 Jan 2014 12:18:59 +0000
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