Nakumatt and Tuskys shares will be owned by a holding company to be formed as part of the merger deal between the two retailers, reports the Standard Newspaper. The two, which control the retail business in Kenya, are currently reviewing the structure of the two businesses to facilitate the merger
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Uganda’s economy is expected to pick up to 4.6% in 2017/18, upfrom a growth rate of 3.9% in 2016/17, according to Barcelona-based Focus Economics. The report released last week says large public investment projects in the transport and energy sectors are expected to fuel growth in the years ahead. “Panelists
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Arua Municipality lawmaker, Ibrahim Abiriga has confirmed that the picture circulating of him urinating is true. Abiriga told local Television, NBS, that he badly needed to answer a call of nature hence the act. ""I was badly off yesterday and I wanted to urinate. Why are people spreading that picture?"
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Uganda Baati Ltd, one of the country’s oldest roofing solutions provider Tuesday launched a campaign dubbed the Fundi Club campaign which will see over 600 roof installers trained, across Uganda. Speaking at a press conference to launch the campaign, George Arodi, the Country Manager said Uganda Baati decided to launch
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A coalition of legislators opposed to the proposed lifting of the presidential age limit has vowed to paralyze business at parliament should police arrest any of them. Fourteen legislators drawn from the ruling National Resistance Movement-NRM party and opposition told journalists at parliament on Monday afternoon that they have learnt
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Police has heavily deployed in various parts of Kampala ahead of the anticipated motion for a constitutional amendment to lift the cap on the presidential age limit. The headquarters of the Forum for Democratic Change-FDC, Uganda's biggest opposition party, is under siege by regular, anti-riot and anti-terrorism police. They have
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Dickson Mugonjo, 26, grew up in poverty in the hilly areas of Bukinda Sub-County in Kabale district (now Rukiga district). He worked hard to ensure that he changed this status-quo. And when the opportunity came knocking for him to go work abroad through Middle East Consultants- the leading labour exporting
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MTN Uganda, through its Corporate Social Responsibility (CSR) arm, MTN Uganda Foundation over the weekend launched three class room blocks constructed at Toroma PEAS High School. The launch, conducted on September 22nd 2017, was presided over by the MTN Uganda Foundation Chairman George Egaddu. Opening the brand new classroom blocks,
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MPs opposed to the amendment of article 102 (b) of the 1995 constitution that intends to allow a person above 75 years of age to stand for President have provoked President Yoweri Museveni, asking him to declare his stand on the controversial issue. Addressing journalists at Parliament on Monday, Busiro
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Uganda's President Yoweri Museveni on Monday visited communities in Entebbe where several women have been killed. The community shared valuable information with him. The President offered condolences to the families who lost their loved ones and also committed to apprehending whoever is behind the heinous crimes. Earlier in the day,
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