Mobile Financial Services: Kenya 76%, Uganda 27%

Mobile Financial Services: Kenya 76%, Uganda 27% A new report released by Quantum Global’s independent research arm, Quantum Global Research Lab has revealed that Kenya has highest rate in the use of mobile financial services at 68%, ahead of Sudan at 52%, Algeria at 44% and Uganda at 27%. According to the report, Kenya scores highly […]

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Nigeria Spy Chief Knifed Over $43m Seizure

Nigerian President Muhammadu Buhari suspended Ayodele Oke, director-general of the National Intelligence Agency, over the April 12 raid, Buhari aide Femi Adesina said. When Nigeria’s anti-corruption agency raided an upscale apartment in Lagos, Nigeria’s largest city, agents found more than $43 million as well as 23.2 million naira (Nigerian currency worth about $76,000) and £27,800 (about […]

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Equity Bank Buys 86% Of DR Congo Bank

Equity Bank Buys 86% Of DR Congo Bank Equity Bank Group, Kenya’s largest Bank by market value has revealed in its latest Annual Report that it has acquired an additional 7 per cent in Pro Credit Bank Limited at a cost of Sh 2.2 Billion (US$ 21 Million). The transaction now takes Equity’s shareholding in the […]

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Amnesty International Calls For Nyanzi’s Release

Amnesty International Calls For Nyanzi’s Release Rights Body Amnesty International has launched a worldwide appeal to pressure the government of Uganda to immediately and unconditionally release Dr. Stella Nyanzi from incarceration. AI declared Nyanzi a prisoner of conscience being ‘held solely for exercising her right to freedom of expression.’ In a worldwide appeal calling for URGENT […]

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Uganda Loses AfDB Shares After Financial Default

Uganda Loses AfDB Shares After Financial Default Uganda has lost a substantial shareholding in African Development Bank after failing to pay its subscription fees. Uganda’s shareholding shrunk by 1,347 shares after the government failed to pay USD1.3m as subscription fees. According to the Auditor General’s report for 2015/16, Uganda owed AfDB subscription fees amounting to […]

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Chameleone’s Wife Daniella Files For Divorce

Chameleone’s Wife Daniella Files For Divorce Singer Jose Chameleone has been given two weeks to respond to a divorce petition filed by his wife Daniella Atim. Atim filed a divorce case against Joseph Mayanja aka Jose Chameleone at the Chief Magistrates Court at Nakawa alleging that her husband is a drunk and cruel man who physically […]

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Makerere Ups Age Limit For Vice Chancellor

Makerere Ups Age Limit For Vice Chancellor Makerere University has opened the way for older academicians to contest for the coveted post of Vice Chancellor. The Search Committee for the Vice Chancellor announced that candidates interested in the post can be aged between 40 and 65 years contrary to earlier rules that kept out candidates […]

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Nigeria Uncovers Millions Of ‘Dirty’ Dollars

Nigeria Uncovers Millions Of ‘Dirty’ Dollars Nigeria’s security authorities have uncovered more than $40m (£32m) in cash in local and foreign currencies following a raid on a property in Lagos. The Economic and Financial Crimes Commission (EFCC) said it got the “neatly arranged US dollars, pound sterling and some naira notes in sealed wrappers” in two rooms […]

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Drogba To End Career At Second Tier US Team

Drogba To End Career At Second Tier US Team Former Chelsea striker Didier Drogba has agreed to join second-tier United States team the Phoenix Rising in an effort to help them join an expanded Major League Soccer (MLS) competition before he takes an executive role with the team when he retires. The Arizona team added […]

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Bentley Motors Opens Nairobi Showroom

Bentley Motors Opens Nairobi Showroom Bentley Motors has announced the opening of its first dealership in Kenya’s capital of Nairobi. As part of its ongoing expansion to increase the brand’s international presence, The British automaker of luxury cars & SUVs announced the appointment of Multiple Group as the sole authorized importer of Bentley motor cars in the country with the […]

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Nairobi Tops Africa In Mall Space

Nairobi Tops Africa In Mall Space Nairobi has the highest available retail space in malls across sub-Saharan Africa, a survey has revealed. The survey reveals that Nairobi has almost three times the mall space available in Kampala,Uganda. Knight Frank Africa in a report highlighting real estate trends in the continent says Nairobi retail space in malls […]

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Uganda-Kenya Highway Gets Funding Approval

Uganda-Kenya Highway Gets Funding Approval The African Development Bank Group (AfDB) approved USD 253.0 million worth of loans to the Governments of Uganda (USD 105.7 million) and Kenya (USD 147.3 million) for the upgrading of  118 km road section connecting the two countries. The upgrading of the 118km road connecting Kapchorwa (Uganda) to Kitale (Kenya) […]

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TOTAL Buys GAPCO Assets

TOTAL Buys GAPCO Assets French owned Total has announced that it has completed the acquisition of Gulf Africa Petroleum Corporation’s (GAPCO) assets in Kenya, Uganda and Tanzania for an undisclosed amount. In the deal, Total will acquire two logistical terminals in Mombasa, Kenya and Dar es Salaam, Tanzania, as well as a retail network of more than one […]

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Rwanda Beer Giant Profits Drop 80%

Rwanda Beer Giant Profits Drop 80% Bralirwa, Rwanda’s largest beer and soft drinks manufacturer has posted a drop of 80.3 per cent in profit attributed to the high cost of financing its foreign debt against a weakening Rwandan franc and high operating expenses. The Rwanda Stock Exchange listed company posted a full year net profit of $1.7 million compared to […]

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Lokodo Bashes Balokole Churches

Lokodo Bashes Balokole Churches State Minister for Ethics Simon Lokodo has turned up the heat on Bakokole churches in Uganda demanding they get registered and even start paying tax. Lokodo said: “Everyday a new church springs up and it’s totally disconnected from the known churches, Where do these apostles and prophets come from? Where do […]

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Wrestlemania 33: The Undertaker Retires

Wrestlemania 33: The Undertaker Retires WWE WrestleMania 33 ended on an emotional note as one of professional wrestling’s most iconic stars announced his retirement. After suffering only the second WrestleMania loss in his decades-long career, The Undertaker removed his coat, gloves and hat, placed them in the center of the ring and exited the arena. What […]

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Prison Warder Shoots, Kills UPDF Major

The Police have confirmed the shooting death of Maj Erasmus Tinkamarire, at the hands of a prison warder named as Musa Arumadri in Masindi district last night. AIGP Asan Kasingye, the police spokesman, in a statement said preliminary investigations indicate that Tinkamarire, 45, was shot after a scuffle with the warder in the night after the […]

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Bakiga, Iteso Women Batter Men Most

A new study by Uganda Bureau Of Statistics (UBOS) has shattered long held beliefs about sexual violence patterns in Uganda. It revealed that contrary to popular beliefs about gender based violence, the men in Teso and Kigezi are the most sexually abused by women in the entire country. Sexual violence is defined as any sexual act or attempt […]

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Two Arrested In Makerere Fake Marks Scandal

Two Arrested In Makerere Fake Marks Scandal The Police are detaining two Makerere University staff as the investigation into the Fake Marks Scandal claims more victims. Detectives from CID on Wednesday raided Senate Building and arrested Peter Kayondo and Dickens Mugoye and whisked them off to Kireka police station for questioning. Kayondo is a systems […]

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UCC Bans Balokole Healing Adverts

UCC Bans Balokole Healing Adverts Uganda Communications Commission had banned all born again churches and herbalists from placing adverts in the media claiming to offer healing services. UCC says the adverts are misleading because they’re premised on lies with intent to hoodwink and cheat the public. UCC published the notice of the ban this week. […]

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