Sudan’s long-serving President Omar Bashir came closer on Tuesday to another term in office after a majority of lawmakers backed a constitutional amendment to extend term limits that would have required him to step down in 2020. Unless the constitution is changed, Bashir, in power since 1989, is not permitted
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Uganda's President Yoweri Museveni has been recognised by Transparency International for his fight against corruption. Museveni was awarded on Tuesday at the 25th anniversary celebrations of Transparency International, Uganda Chapter in the Ugandan capital, Kampala. Below is his speech he delivered at the event Was chief guest at the 25th anniversary
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The Bank of Uganda (BoU) is likely to keep the Central Bank Rate (CBR), a benchmark lending rate for commercial banks unchanged at 10%, Stephen Kaboyo (in featured photo), an analyst and Managing Director at Alpha Capital Partners has said. BoU Governor, Prof. Emmanuel Tumusiime-Mutebile is expected to issue the
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Cameroon will now host the 2021 Africa Cup of Nations after being stripped of the rights to host next year's edition by the Confederation of African Football (Caf) last Friday, Confederation of African Football (Caf) president Ahmad Ahmad has revealed. According to Ahmad, Cameroon was stripped of the 2019 Africa
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The Bank of Uganda woes continues to deepen. The latest is that the Committee of Commissions Statutory Authorities and State Enterprises (COSASE) is investigating into the possibility that some of the staff at the Central Bank who had been hired to oversee the liquidation of some of the closed Banks
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By Ben Sebuguzi Following the destruction of the economy in 1970s by President Amin,Ruparelia Group of companies is one of the companies that can not go unmentioned as one of the fruits of NRM since 1986 after the gorilla war. Just like Mukwano group,Ruparelia group started in 1986 when our
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By AGENCIES Real Madrid’s Luka Modric won the Ballon d’Or on Monday to end a 10-year stranglehold on the award by Cristiano Ronaldo and Lionel Messi. Modric was announced as the winner of the prestigious prize in Paris ahead of Ronaldo and French World Cup winner Antoine Griezmann. Here are
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On the 1st of January 2019, at 12am, WAT, the Tony Elumelu Foundation will begin accepting applications for the fifth cycle of its Entrepreneurship Programme. 1,000 selected applicants will join the current 4,470 beneficiaries of the Programme. Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurial catalyst of
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MPs sitting on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) on Monday rejected a request by former Bank of Uganda Executive Director in charge Supervision, Justine Bagyenda to have her two aides who were arrested last year released. Last week, COSASE handed over two Bagyenda aides; Juliet
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Bank of Uganda officials have told Parliament's Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that they cannot trace the offices or address of Kirkland Associates, a law firm that they hired for consultancy services during the process of selling seven defunct banks. They made this revelation on Monday while
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