Bitcoin's eye-watering price surge over the past year is proving too tempting to resist despite fears that cryptocurrencies are a bubble floating towards an inevitable burst. One group, for whom it holds particular appeal is African millennials, writes the BBC. Thirty year-old Peace Akware in Kampala is a convert to
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The President of Angola, João Lourenço, has sacked the son of his predecessor José Eduardo dos Santos as head of the country's sovereign wealth fund. Mr Lourenço said he was replacing José Filomeno dos Santos after an external inquiry into the fund's governance, reports BBC. The $5bn (£3.7bn) fund has
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Kenya Airways Thursday marked a great milestone with the launch of a non-stop flight from Nairobi to New York. The national carrier starts selling today tickets for the inaugural flight which is scheduled for October 28th this year. Kenya Airways becomes the first airline to offer a non-stop flight between
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Uganda's President, Yoweri Museveni has revealed how his wife, First Lady Janet Kataaha Museveni almost made him became a mental facility patient over her persistent demands to have a road constructed in her constituency. Museveni revealed this on Monday as he campaigned for the ruling National Resistance Movement (NRM) party
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Uganda Peoples’ Congress (UPC) has attacked Uganda’s leading Opposition party, Forum for Democratic Change (FDC, noting that it is fermenting divisions and intrigue among Ugandans against their leaders for selfish interests. The remarks were made by Michael Osinde, the UPC Spokesperson during the party’s weekly press briefing held on Wednesday.
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China Communications Construction Company (CCCC) has been accused of disrespecting the rights of People with Disabilities in the ongoing renovation at Entebbe International Airport. CCCC was awarded the contract by the Government of Uganda to renovate Entebbe International Airport. The complaint was raised on the floor of Parliament by Bubulo
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Former Uchumi Supermarkets Chief Executive Julius Kipng'etich has been appointed the CEO of Jubilee Holdings where he has been serving as a non-executive director. According to the Standard, the move that took effect on January 1, 2018 will see the new boss coordinate the insurance firm’s regional operations and try
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Kenya’s National Environment Management Authority (Nema) has said there is still a challenge in the eradication of plastic bags mainly in the border towns, five months after the ban took effect in Kenya. This is as most of the countries in the region are still manufacturing the plastic bags making it
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The International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO) engaged in trade-related technical assistance, is implementing a programme titled " the Netherlands Trust Fund IV " (NTF IV) in partnership with the Dutch Centre for the Promotion of Imports from
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The Kampala City Traders Association (KACITA), through its chairman Everest Kayondo, has asked the government and its development partners to ensure that there is both faster and reliable internet at the border posts as this will guarantee seamless electronic Cargo Clearance. Kayondo says that while electronic cargo clearance platforms such
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