KCCA 1-0 CNaPS (KCCA advance on away goals rule after 2-2 aggregate draw) Paul Mucurezi earned the precious goal KCCA FC yearned for all evening to progress into the first round of the CAF Champions League. KCCA beat resilient Madagascar side CNaPS 1-0 in an intense game at the StarTimes
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AFRIMAX Uganda Limited, the parent company of Vodafone Uganda has declared insolvency and an administrator has been appointed. [caption id="attachment_8886" align="aligncenter" width="400"] Vodafone has run bankrupt[/caption] According to reliable information obtained by Business Focus, the High Court (Civil Division) on February 15, 2018 appointed Donald Nyakairu as the administrator for
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On January 31, 2018 at Uganda Bankers’ Association (UBA) Informal Dinner held in Kampala, Prof. Emmanuel Tumusiime-Mutebile, the Governor of Bank of Uganda said Ugandans will soon enjoy the advantages of Islamic Banking. “The Islamic Banking Regulations, drafted by the BoU, have been approved by the Ministry of Finance Planning
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Congolese refugees in Rwanda said soldiers shot at them and wounded at least two people on Tuesday as the refugees tried to march out of their camp in protest at a cut in food rations. A government minister denied the account. Refugees said around 2,000 people from the 17,000-strong Karongi
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Colonel Fred Kaka Bagyenda, the Director General of the Internal Security Organisation has written to Police explaining his role in the visit of the dead Finnish national, Tersvuori Tuomas Juha Petteri. Tersvuori was found dead in in room 806 at Pearl of Africa Hotel on February 6th, 2018. It is
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Uganda's Finance Minister Matia Kasaija has dimissed reports that government is seeking to borrow a whopping shs736bn to settle wages. Describing the reports as exeggerated, Kasaija said not all the Shs736bn is meant to settle salaries. Below is the full statement PRESS RELEASE ON THE PROPOSED GOVERNMENT BORROWING OF USHS.
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The Minister of Finance, Planning and Economic Development, Matia Kasaija is no doubt facing hard times lately. Following government of Uganda’s request to borrow domestically Shs736bn to pay salaries of civil servants, MPs have asked Minister Kasaija to resign for failing to manage resources entrusted to him. The loan request
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President Yoweri Museveni has met with a consortium of four American companies – Global IP, Boeing, Hughes Networks and Space X owned by billionaire Elon Musk – which expressed interest in investing in Uganda in order to provide the country with fast and reliable Internet services through satellite technology. The four companies
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The Bank of Uganda (BoU) has spoken out on reports that Bank of India Uganda Limited will close business in Uganda come next month. In a statement dated February 20, 2018 obtained by Business Focus, Prof. Emmanuel Tumusiime-Mutebile, the Governor BoU said Bank of India Uganda is ‘safe and sound’.
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The Singapore Government will award all citizens aged 21 years and above a one-off bonus of up to S$300 (Shs826,884). Singapore’s Finance Minister Heng Swee Keat Monday announced that the 2017 budget came in with a surplus of about S$10 billion (UShs27.5trillion). This is attributed to contributions from statutory
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