Nairobi has beat Tanzania’s Dar es Salaam and Uganda’s Kampala to emerge s East Africa’s wealthiest city and the sixth in Africa after Durban, Cape Town, Cairo, Lagos and Johannesburg, a new report says. The study by New World Wealth and AfrAsia Bank from Mauritius estimated Nairobi’s privately held wealth
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Uganda is still susceptible to Money Laundering (ML) and Terrorism Financing (TF) despite having the Financial Intelligence Authority (FIA) in place, a new report has revealed. The National Risk Assessment (NRA) of the Money Laundering (ML) and Terrorism Financing (TF) report says corruption-related proceeds are posing a high ML threat
Read MoreBy AFP Gareth Bale has won four Champions Leagues in five years at Real Madrid, but believes the Spanish giants can be even better in their quest for a 14th European crown despite the loss of Cristiano Ronaldo. Bale has shone in the spotlight since Ronaldo's departure for Juventus, scoring
Read MoreThe Referees' Association of Ghana (RAG) has handed life-time bans to six more referees in the wake of an investigation into bribery. It also banned 47 match officials for 10 years each, while another 14 were exonerated. RAG also confirmed the sanctions handed down by the Confederation of African Football
Read MoreThe European Parliament debate on the chaos that ensued in Arua and the subsequent arrest and alleged torture of suspects, was based on rumors picked from social media, the Government Spokesperson, Ofwono Opondo has said. His statement follows a resolution by the European Union Parliament on Friday, challenging the president
Read MoreTroubled former Executive Director-Supervision at Bank of Uganda, Justine Bagyenda Monday failed to show up before Parliament’s Appointments Committee for vetting following her proposed reappointment to the Financial Intelligence Authority (FIA) Board as member. According to a letter dated September 12, 2018 authored by the Clerk to Parliament, Jane Kibirige
Read MoreRiccardo “fluffypony” Spagni, the South African-based Lead Maintainer of the Monero Project NAIROBI, Kenya, 17th September 2018 -/African Media Agency (AMA)/- Global currency wallet and exchange Abra has just added super-private cryptocurrency Monero to its platform in a move it says is aimed directly at helping emerging economies – including
Read MoreRiccardo “fluffypony” Spagni, the South African-based Lead Maintainer of the Monero Project NAIROBI, Kenya, 17th September 2018 -/African Media Agency (AMA)/- Global currency wallet and exchange Abra has just added super-private cryptocurrency Monero to its platform in a move it says is aimed directly at helping emerging economies – including
Read MoreIn the race to become Africa’s dominant ride-hailing app, Uber Technologies Inc. is trailing a much smaller rival. Taxify OU has sprouted within just five years from a small Estonian venture into a so-called technology unicorn focused on Europe and Africa. The company, launched in 2013 by then-19-year-old Markus Villig,
Read MoreThe official Parliament-to-Parliament visit follows an invitation from Ms Mbete’s Cuban counterpart, President of the National Assembly of People’s Power Mr Esteban Lazo Hernández CAPE TOWN, South Africa, September 17, 2018,-/African Media Agency (AMA)/- National Assembly Speaker Ms Baleka Mbete is leading a multi-party delegation of eight Members of Parliament
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