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World’s Wealthiest Became $1 Trillion Richer In 2017

Richest Man

The richest people on earth became $1 trillion richer in 2017, more than four times last year’s gain, as stock markets shrugged off economic, social and political divisions to reach record highs, reports Bloomberg. The 23 percent increase on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people,

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Analysis & OpinionsBankingFeatured

THE TRUTH: Why Housing Finance Bank Is Seeking Shs61bn Capitalization From Gov’t

Housing Finance Bank is reportedly seeking Shs61bn Capitalization from government to meet the 'new capital requirements' by the Bank of Uganda (BoU). However, that's far from the truth. Justine Bagyenda, the Executive Director in charge of Supervision at BoU says the Central Bank hasn’t put in place new capital requirements,

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Analysis & OpinionsFeaturedNewsPolitical Economy

REVEALED: Top Five Business Risks For East Africa In 2018

Kenya is emerging from a protracted presidential election process and seeing a return to political stability. Nonetheless, challenges will persist in 2018 for organisations operating in the country and East Africa more widely. High debt levels in Kenya and unpredictable policymaking in Tanzania are among the key risks for businesses

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