BUSINESS NEWS WITH CONSOLATE NAMYALO BROUGHT TO YOU BY STANBIC BANK: Buliisa and Hoima districts are the oil provinces of Uganda鈥檚 Albertine rift valley,with the presence of about 3.5 billion barrels oil in reserve and about 1.2 bilion barrels recoverable. Trade Minister Amelia Kyambadde has advised organisations starting saving cooperatives schemes to elect independent management teams to run the instituions. The flower industry has become less competitive in the region due to high energy costs especially those of electricity and diesel.The flower industry brings in about 90.7 billion in revenue annually according to Uganda Flower Exports Association. The West Kenya Diagnostic and Imaging Centre has launched a Sh100 million Magnetic Resonance Imaging facility in Kisumu county.The facility is the first of its kind in the region. ELSEWHERE: Samsung Electronics has reported a 4% fall in sales at its mobile phone unit. Revenues in the sector fell to 33.4 trillion won ($32.3bn; 拢23.3bn) in the January-to-March period. TECHNOLOGY: Yahoo has announced two original TV series that will be shown on its website and mobile app. It makes Yahoo the latest technology firm to join the fast-growing market for digital video content. FOREX RATES: Currency Buying Selling USD 2,514 2,524 GBP 4,226 4,243 EUR 3,481 3,495 KSH 28.94 29.05 TSH 1.53 1.54
Posted on: Tue, 29 Apr 2014 12:10:44 +0000
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