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Gold on pace for its best year since 1979 — but one analyst thinks prices have peaked

Gold on pace for its best year since 1979 — but one analyst thinks prices have peaked

Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is headed next.Gold is still on pace for its best year since 1979, driven by central bank purchasing and increased inflows into

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Davido’s X hint fuels rumors of his performance at the Hoima Cioty Stadium grand opening

Davido’s X hint fuels rumors of his performance at the Hoima Cioty Stadium grand opening

Nigerian singer Davido, real name David Adedeji Adeleke, is rumoured to be set for a return to Uganda for a mega performance.Davido is one of the names on people’s lips as part of the star-studded cast set to perform at the opening of the Hoima City Stadium.According to sportscast

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Russian Foreign Minister Sergey Lavrov’s absence sets off alarm bells in Moscow

Russian Foreign Minister Sergey Lavrov’s absence sets off alarm bells in Moscow

Sergey Lavrov has been the face of Russian diplomacy for over two decades and previously served as Russia’s ambassador to the UN.The news out of Moscow is a bit of non-news: Russia’s top diplomat is still in his job.On Friday, Kremlin spokesman Dmitry Peskov moved to tamp down i

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Police launch crackdown on election violence, arrest several in Mbarara

Police launch crackdown on election violence, arrest several in Mbarara

The Uganda Police Force has announced a major crackdown on incidents of election-related violence, citing a growing pattern of attacks on officers, destruction of government property, and assaults linked to supporters of the National Unity Platform (NUP) during campaign activities.In a sta

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Latest Report: HIV Now a Women’s Disease in Uganda, 7 Out of 10 New Victims Are Girls

Latest Report: HIV Now a Women’s Disease in Uganda, 7 Out of 10 New Victims Are Girls

Despite years of progress in the fight against HIV, the epidemic in Uganda continues to wear skirts and dresses. National data shows that out of an estimated 1.5 million Ugandans living with HIV today, nearly two-thirds are women and girls.Among young people aged 15 to 24, about seven in e

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Ukraine fails to knock out energy grid in Kursk border areas

Ukraine fails to knock out energy grid in Kursk border areas

According to Oleg Ivanov, the Ukrainian forces are attempting to cut the border areas of the Kursk Region off from power, but they have not succeeded in completely disabling individual energy facilities, only temporarilyKURSK, November 7. /TASS/. Attempts by the Ukrainian military to knock

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EACOP starts 7.5KM road construction to link Hoima oil rich villages

EACOP starts 7.5KM road construction to link Hoima oil rich villages

The East African Crude Oil Pipeline (EACOP) Ltd, the company leading the development of Uganda’s crude oil export pipeline, in partnership with Hoima City, has commenced the construction of the Nyamasoga – Katooke Road under its Socio-Economic Investment (SEI) programme.This initiative

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Uganda Police’s VVIP commander Ronald Mutabazi  found dead at home

Uganda Police’s VVIP commander Ronald Mutabazi found dead at home

Details of his passing were still scanty by Friday morning, but reports indicate that his lifeless body was discovered at his home in the morning hours.SP Ronald MutabaziThe Uganda Police Force is mourning the passing of one its senior officers, SP Ronald Mutabazi who reportedly die

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AU condemns Tanzanian deadly election

AU condemns Tanzanian deadly election

Last week’s Tanzania elections failed to comply with democratic standards, says the African Union, adding to mounting international pressure on President Samia Suluhu Hassan’s administration over the deadly vote.The AU’s election monitoring arm, which sent a team of 72 observers to T

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Standard Chartered Uganda Confirms Agreement to Sell Wealth & Retail Business to Absa

Standard Chartered Uganda Confirms Agreement to Sell Wealth & Retail Business to Absa

Standard Chartered Bank Uganda has formally communicated to clients that it has entered into an agreement with Absa Bank Uganda for the sale of its Wealth & Retail Banking (WRB) business. The deal — which covers personal banking, wealth advisory and related retail products — remains subje

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