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Uganda To Be Blacklisted Over Money Laundering

Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the G7countries to develop policies to combat money laundering and terrorism…

Uganda Tired Of Waiting As Rwanda Embraces Medical Marijuana Growing

Ugandan investors intending to participate in the commercial growing of medical marijuana or cannabis are not happy that the government has remained silent regarding opening up the business for agricultural licensing. Their displeasure was reawakened when President Paul Kagame’s government allowed investors to start setting up cannabis plantations in Rwanda, with intent to use the…

Uganda Takes Higher Steps In Nuclear Energy Strategy With IAEA Support

The Minister of State for Energy Hon. Okaasai Opolot has said that the International Atomic Energy Agency (IAEA) will assist Uganda’s nuclear energy strategy by reviewing the country’s communication strategy, conducting workshops on nuclear power plant contracting, financing, site selection, and providing training on funding requirements. He made these remarks on Friday, March 1, 2024,…

Uganda Set To Reap Big As UN, WHO Vote To Remove Cannabis From World’s Most Dangerous Drugs

Mid-October this year, businessman Sudhir Ruparelia wrote a lengthy letter to President Yoweri Museveni making a case for a need to license local companies that have expressed interest to grow marijuana for medical purposes. Sudhir’s call came after the ministry of health and government had expressed that allowing the licensed commercial growing of marijuana and…

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