Barclays Bank has become the latest lender to sack its employees in an exercise targeting about 130 employees. In a statement to The Standard, the lender confirmed it was rolling out a Voluntary Exit Scheme that is open to all permanent employees. “This exercise will take place over a period
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Etihad Airways has won three coveted awards for the World’s Best First Class, Best First Class Onboard Catering, and Best First Class Airline Seat at the annual Skytrax World Airline Awards. The event was held at the Musee de l’Air et de l’Espace, as part of the bi-annual Paris Airshow.
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The government of Uganda through the National Drug Authority (NDA) has closed 58 pharmacies over failure to acquire regulatory approval, a move that has left hundreds jobless. In a statement issued on June19, 2017, NDA said that the licensing of drug outlets for 2017 had ended and warned the public
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Mercer’s has released its 23rd annual Cost of Living Survey 2017, with African, Asian, and European cities dominating the list of most expensive locations for working abroad. Out of over 400 cities surveyed, Kampala (Uganda) ranks 186 from 187 in 2016 among the most expensive cities in the world. This
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Indebted Uganda Telecom Ltd (UTL) on Wednesday entered into a partnership with PayWay, a one of the leading brand vending payments system through which Uganda Telecom Msente customers will be able to deposit and withdraw money from any ofl PayWay machines, agents and dealer outlets countrywide. “We are excited to
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Many start-ups fail to grow due to limited capital. And many that seek to expand using bank loans don’t qualify because they lack security. However, in developed countries, small private businesses have expanded using equity funding and venture capital. Equity financing is the process of raising capital through the sale
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Uganda’s Ministry of Finance, Planning and Economic Development continues to generate controversial news of late. The latest is that the ministry spent Shs44.76bn on ghost law firms. An Audit Report by the Auditor General, John Muwanga, reveals that Finance Ministry led by the Secretary to Treasury, Keith Muhakanizi made payments
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President Yoweri Museveni made a big mistake to reward 42 officials a Shs6bn Presidential ‘handshake’, a report by Committee on Statutory Authorities and State Enterprises (COSASE) on the matter has said. The 42 officials were controversially awarded Shs6bn after their participation in a court case involving Uganda and Heritage Oil
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Three East African Community (EAC) member states including Uganda, Rwanda and Tanzania risk ejection from African Growth and Opportunity Act (AGOA), US officials announced on Tuesday. The three EAC member states must undergo an assessment of their Agoa eligibility status, Washington's top trade agency affirmed. The assessment could result in
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Uganda’s Parliament has resurrected the controversial Marriage and Divorce Bill debate, with the Speaker Rebecca Kadaga vowing to pass it as soon as possible. While opening the Second session of the 10th Parliament, Kadaga told lawmakers that the contentious Bill should be given priority by the August House. Parliament is
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