Property mogul Sudhir Ruparelia, the proprietor of Crane Bank ( under receivership) wants Bank of Uganda (BoU) lawyers, MMAKS Advocates and AF Mpanga out of the case in which the Central Bank sued him for allegedly causing financial loses to the Bank (Crane Bank) on grounds that they have conflict
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Four people have been beheaded in two Kenyan villages by suspected Al-Shabaab militants. The attacks occurred in Silini-Mashambani and Bobo villages located in Hindi, Lamu West, the Daily Nation reports. A senior administrator in the area who talked to the Nation on Wednesday morning and requested not to be named
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Nissan has launched a longer-range version of its best-selling Leaf electric vehicle, as it fights growing competition in the electric car market. The new Leaf will run about 150 miles (240km) on a single charge, about 40 miles more than its previous model, the firm said. But that still falls
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Uganda’s taxman has commenced the auction of Nakumatt goods as it moves to recover millions of shillings owed by the struggling regional retail chain. The Uganda Revenue Authority on Tuesday started the public auctions by selling perishable goods owned by Nakumatt, reports Business Daily Africa. The clearance sales at two
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A prominent Indian journalist critical of Hindu nationalist politics has been shot dead in the southern state of Karnataka, police say. Gauri Lankesh, 55, was found lying in a pool of blood at her doorstep in the city of Bangalore, reports the BBC. She was shot in the head and
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A prominent businessman in Uganda and East Africa at large, Kassim Omar has died after a blood clot operation in Nakasero Hospital on Tuesday. Omar was a former President of Uganda Clearing Industry and Forwarding Association (UCIFA) and the new elected Chairman of East Africa Business Council (EABC). Daily Monitor
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By Mariam Abdullahi, After nearly two decades of uninhibited growth and profitability, African telecoms operators (telcos) are facing the converging forces of digital disruption. Some of the factors contributing to this are: easily accessible broadband internet, popular over the top (OTT) services such as WhatsApp, and changing consumer needs. According
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Uganda’s Parliament was Tuesday forced to adjourn unceremoniously after Government failed to explain the rampant killings of women in the country. It was a bad day for Deputy Speaker, Jacob Oulanyah considering the fact that MPs had just returned from the one month recess. Lira district Woman MP, Joy Atim
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Merck Foundation, a non-profit organization, and a subsidiary of Merck KGaA underscored their commitment to long term partnership with Government of Uganda to build healthcare capacity with special focus on diabetes, cardiovascular diseases, infertility and cancer, the organization said in a statement dated September5, 2017. During the high-level meeting between
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A new survey reveals that Uganda’s economy is increasingly recovering from hard economic times despite export orders reducing due to political uncertainty in key export markets. The Headline Stanbic Bank Uganda Purchase Manager’s index for August signaled a further improvement in the health of the Ugandan private sector. At 54.1
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