Nakumatt Seeks Kenya Gov’t Bailout

Nakumatt Seeks Kenya Gov’t Bailout Supermarket chain, Nakumatt Holdings is seeking a financial bailout from the government of Kenya. This comes after the Kenyan giant retailer which has a string of branches in Uganda, struggled to attract money from private investors as its crisis spirals out of control. The Kenyan government which received the appeal has […]

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STUDY: Ejaculation Reduces Risk Of Cancer In Men

STUDY: Ejaculation Reduces Risk Of Cancer In Men Several studies have linked frequent ejaculation — during sex, masturbation, or while you’re sleeping — to reduced risk of prostate cancer. How much of a difference can ejaculating really make? According to a 2016 study published in the journal European Urology, quite a bit. Researchers surveyed 32,000 […]

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Equity Bank Shuts Down Seven Branches In South Sudan

Equity Bank Shuts Down Seven Branches In South Sudan Equity Bank has revealed that it has reduced the number of branches in its South Sudan business from twelve to five citing a challenging business environment brought about by the devaluation the country’s currency and sustained political instability. Equity bank CEO James Mwangi said the closure had led to […]

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Uganda Comes Second To Seychelles In Openness

Uganda Comes Second To Seychelles In Openness The African Development Bank, in collaboration with the African Union Commission and the World Economic Forum has launched the second edition of the Africa Visa Openness Index which measures how open African countries are when it comes to visas by looking at what they ask of citizens from […]

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Pastor Eaten By Crocodiles While Trying To Walk On Water Like Jesus

Pastor Eaten By Crocodiles While Trying To Walk On Water Like Jesus A Zimbabwean church pastor attempting to demonstrate how Jesus walked on water by crossing a river on foot was eaten alive when he was attacked by three crocodiles. Jonathan Mthethwa of the Saint of the Last Days church brought his congregation to the […]

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Vogue Magazine Lists The Marvelous Luxury Lodges In Uganda

Vogue Magazine Lists The Marvelous Luxury Lodges In Uganda Uganda is revered for its gorilla-filled jungles, awe-inspiring Nile waterfalls, and untamed, un-touristy safaris through the savannah. But just recently, Americans have woken up to this dreamy destination: The number of annual U.S. visitors grew by 31 percent from 2010 to 2014, according to data from […]

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Nakumatt To Shut Loss Making Outlets

Nakumatt To Shut Loss Making Outlets Nakumatt Supermarkets has announced that it is undertaking a business restructuring exercise which will lead to closure of several unprofitable branches across Kenya and Uganda. The retailer says this is part of a cost cutting strategy aimed at reducing its total cost base and streamline most of its operations of the struggling retailer. According to Nakumatt […]

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The Dirty Secret Behind Kigali’s Clean Streets

The Dirty Secret Behind Kigali’s Clean Streets There is a dirty secret behind the sparkling veneer of Rwanda’s capital, Kigali. Local residents call it Kwa Kabuga, and government officials call it the Gikondo Transit Center. Whatever name is used, the reality is the same. It’s a place where Kigali’s “undesirables” – street vendors, sex workers, […]

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STUDY: Woman Have Smaller Brains Than Men

STUDY: Woman Have Smaller Brains Than Men It is a standing joke among the bravest of men – that their other halves have smaller brains. But women perform better in memory tests despite the fact that men do actually have larger brains, experts say. That’s even though men have a higher IQ by nearly four […]

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KCB To Close South Sudan Branches

KCB To Close South Sudan Branches Kenya’s biggest bank KCB is in the final stages of closing down most of its branches in war ravaged South Sudan. KCB, which has branches in Uganda blames civil strife in South Sudan, devaluation of the country’s currency, and hyperinflation which negatively impacted the lender’s earnings last year, according […]

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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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