The recently released report by parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) on closure of seven defunct banks continues to cause unease in the country. One of the findings of the report puts on the spot legal firm MMAKS for its alleged conflict of interest in the
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Uganda’s President Yoweri Museveni Thursday congratulated Muhammadu Buhari for being re-elected Nigeria’s President for the second term. He also said that Uganda and Nigeria will continue to work towards strengthening their social, political and economic ties. “I congratulate His Excellency @MBuhari upon his re-election as President of Nigeria. I also
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The Speaker of Uganda’s Parliament Rebecca Kadaga has responded to the Inspector General of Government (IGG), Justice Irene Mulyagonja’s letter directing Internal Security Organisation (ISO) to investigate the former Chairperson of the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu and his team over corruption allegations
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dfcu Bank has today announced a contribution of Shs15m as one of the sponsors of the upcoming Transformational Leadership Forum and the Kirk Wallum Jazz concert slated for 7th March 2019. The contribution is towards fundraising efforts for the Rotary Blood Bank at Mengo Hospital which was constructed by Rotary
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By Devon Pendleton and Tom Metcalf Aliko Dangote’s $17 billion net worth makes the Nigerian the richest person in Africa and the only member of the Bloomberg Billionaires Index from one of the 60 poorest countries. About half of Nigeria’s 190.9 million citizens subside on less than $1.90 a day,
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Ugandan traders are counting losses after Rwandan authorities at Katuna Border ‘restricted’ Ugandan goods from entering the neigbouring country. According to a journalist based in Kigezi region, this practice has been ongoing for the last two weeks, but authorities from both countries have kept silent. He says the situation is
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More students have qualified for entry into University and other tertiary institutions, according to Uganda Advanced Certificate of Education-UACE examination results. While releasing the results this morning at the Office of the Prime Minister, the Executive Secretary Uganda National Examinations Board-UNEB, Dan Nokrach Odongo, noted an improvement among last year's
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The Mastercard Foundation in partnership with BFA on February 27, 2019 released Digital Commerce and Youth Employment in Africa, new research that shows 80 million young people will benefit from the rise of digital commerce in Africa by 2030. These findings indicate that the digital commerce sector has the potential
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The Speaker of Uganda’s Parliament, Rebecca Kadaga has warned MPs against bashing reports of various Committees, arguing that the move is bringing disrepute to Parliament. Kadaga’s remarks were in response to a procedural matter raised by Bukooli County lawmaker, Solomon Silwany, who wondered if it was procedurally right for MPs
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The former Chairperson of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu has accused Bank of Uganda officials of taking advantage of distressed banks to loot shareholders and thus kill their businesses. “It is true these banks were distressed but that didn’t mean that somebody should
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