Uganda, Kenya To Harmonise Work Plans For SGR Construction

Uganda, Kenya To Harmonise Work Plans For SGR Construction Uganda and Kenya have set July 2017 as the timeline to conclude harmonizing their construction plans for the Nairobi – Kampala section of the standard Gauge Railway and to thus receive financing from Chinese Exim Bank. This harmonization has been a major obstacle to Uganda against […]

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Uganda, UK Sign MoU To Fast-Track Industrialization Projects

Uganda, UK Sign MoU To Fast-Track Industrialization Projects The Ugandan and UK governments in partnership with Made in Africa Initiative have signed a memorandum of understanding to fast-track industrialization in a bid to create more job opportunities for Ugandans. State minister of finance in charge investment and privatization, Evelyn Anite, signed on behalf of government. […]

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Uber CEO Travis Kalanick Bows to Pressure, Resigns

Uber CEO Travis Kalanick Bows to Pressure, Resigns Uber Chief Executive Officer, Travis Kalanick has resigned, capping a series of controversies that have rocked the world’s largest privately backed start-up. The company confirmed Kalanick’s departure from the top executive’s role on Tuesday, after the New York Times reported major backers including Benchmark Capital demanded he resign. Kalanick will […]

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Gov’t Should Stick To Projected Domestic Borrowing – BoU

Gov’t Should Stick To Projected Domestic Borrowing – BoU Bank of Uganda has warned that if government does not stick to its agreed projected borrowing from the domestic market, it will undermine the efforts of reviving the economy. This was during the press briefing in which the BOU announced a cutting of the central bank […]

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Uganda, China Sign MOU On Starting 3 Development Projects

Uganda, China Sign MOU On Starting 3 Development Projects Uganda and China have signed a Memorandum of Understanding (MOU) for 3 proposed investment projects namely the construction of the East African-China Manufacturing, Trade and Exhibition Centre in Kampala, an abattoir in South Western Uganda and Kampala Metropolitan Rapid Bus Transport. The proposed US$200 million East […]

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Tycoon Amina Hersi: Why My Empire Is Collapsing

Tycoon Amina Hersi: Why My Empire Is Collapsing By Patrick Ocaido On May 08, 2017, whereas members of the public were biting their nails in anticipation of the Financial Year 2017/18 National Budget, city tycoon Amina Morghe Hersi was lost in her thoughts wondering how to revamp what she termed as ‘her collapsing empire.’ Amina,52, […]

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Gov’t Cautioned On Excessive Domestic Borrowing

Gov’t Cautioned On Excessive Domestic Borrowing The Uganda Bankers’ Association is yet again reiterating the impact of excessive borrowing from the domestic market by government to bridge on its expenditure over the financial year. Last week, Finance Minister Matia Kasaija, announced that government would be borrowing up to a trillion shillings from the domestic market, […]

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Airtel, Facebook Partner To Increase Internet Access In Northern Uganda

Airtel, Facebook Partner To Increase Internet Access In Northern Uganda Facebook and Airtel have partnered to establish a fibre optic network that runs from Gulu to Koboko, in a move that underlines the fact that digital information transmission is becoming the newest frontier for competition in the telecom sector Industry stakeholders say the move will […]

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NBS TV Boss Promises Unique Martyrs Day Live Coverage

NBS TV Boss Promises Unique Martyrs Day Live Coverage The NBS TV Chief Executive Officer, Kin Kariisa has promised exclusive coverage of Martyrs Day Celebrations due 3rd June, 2017. According to the statement released today, Kariisa says those who won’t be able to go to Namugongo shouldn’t worry because NBS will be broadcasting the celebrations […]

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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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Mobile Money Business Flops After Sim-Card Disconnection

Mobile Money Business Flops After Sim-Card Disconnection Days after UCC imposed a disconnection order on those who have not registered with national IDs, mobile money operators have recorded few transactions as the disconnection bites. The simcards that were disconnected cannot make calls or transfer money. One of the mobile money vendors says people nowadays don’t […]

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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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M7 Woos Investors as German Companies, Uganda Sign Pact

M7 Woos Investors as German Companies, Uganda Sign Pact President Museveni has asked German companies to invest in Uganda, saying the country offers a perfect investment environment. The President, who is attending the World Economic Forum in Durban, South Africa, made the call yesterday (Thursday) as he witnessed the signing of Memoranda of Understanding between […]

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Africell Rolls Out ‘Don’t be Cheated’ Campaign

Africell Rolls Out ‘Don’t be Cheated’ Campaign By Serestino Tusingwire Giving customers their rightful value for money is crucial. In the telecom business, the fight on who has the best products, network and tariff plans rages. This is what Africell is doing by when it comes to giving their customers the value they deserve. For […]

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WorldRemit partners with Uganda’s leading youth organisations to support rising stars

Leading digital money transfer service WorldRemit is proud to be sponsoring the 5th Annual National Youth Skills Development Expo, supporting the professional development of the next generation of Ugandans. The company is working in partnership with the Youth Advocacy Foundation Uganda (YAFU) and the Uganda Youth Network (UYONET). The WorldRemit team will also be attending […]

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PFIZER: Vaccine Costs To Reduce

PFIZER: Vaccine Costs To Reduce By Winnie Mandela The drive to eliminate diseases globally through vaccination has gathered pace, with Pfizer, a leading manufacturer and developer of pharmaceutical medicines raising its focus on this critical category. As the world marks the World Immunization Week, Pfizer has announced the introduction of a new vaccination presentation that will […]

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Financial Institution Closed over Fraud

Financial Institution Closed over Fraud By Milton Emmy Akwam LIRA: Tropical Financial Services (TFS), a private financial company that have been alleging to be offering loan and other financial services to locals in Lango Sub-region has been closed. The closure came after hundreds of locals reported delayed loan grant to them even after paying the mandatory […]

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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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Bebe Cool, Sheebah Land Africell Gig

Bebe Cool, Sheebah Land Africell Gig Africell has unveiled top artistes Sheebah, Bebe Cool, David Lutalo and Ziza Bafana as their ambassadors for their new campaign SWIFT bundle. The four artistes are said to have been paid Shs400m. Each artiste bagged Shs 100m from the Telecom Company and promotion started on Friday at Guvnor where Africell […]

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