Equity Group Holdings (EGH) has announced plans to acquire banking assets of Atlas Mara in four African countries in a transaction to be done through shares swap. This follows an agreement into the deal by Equity’s Board of Directors. Atlas Mara is a financial services company listed on the London
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Ecobank Uganda is past dark days after posting a net profit of Shs4.78bn in 2018, up from Shs1.54bn recorded in 2017. This means that the bank has now recorded profits for the third consecutive year. The bank’s financial statements for the year ended December 31, 2018 released today indicate that
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By Ben Sebuguzi In 1992, when government allowed the growing of flowers,few people would no that the floriculture sector would grow and become our top ten foreign exchange earner contributing close to $30m in export revenues to our motherland Uganda according to Juliet Musoke, the Executive Director Uganda Flower Exports
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Venezuelan Vice President of Communications Jorge Rodríguez reported this morning that a coup attempt by a small group of military officers has been neutralized. On his Twitter account, Rodríguez warned of the group’s subversive activities, “We inform the people of Venezuela that at this time we are confronting and neutralizing
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A total of 93 cases of Ebola have been confirmed in the last four days in the Democratic Republic of Congo, an average of more than 23 a day, a humanitarian agency has said. A record 27 cases were reported on Monday - more than double the previous record of
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By XINHUA DAR ES SALAAM, Tanzania's standards watchdog has seized four tonnes of used underwear in an ongoing crackdown in the east African nation's northern zone regions, an official said on Sunday. "Most of the imported used underwear were impounded in Arusha and Kilimanjaro regions during a special crackdown that
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Kenya Airways has posted a KSh7.55 billion (UShs279.68bn) net loss for year ended December 2018 as higher costs offset a jump in revenue, Daily Nation reports. The carrier's full-year results do not have a comparable period because KQ, as the airline is known by its international code, in 2017 changed its
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With their key attacking players suspended or injured, Al Hain-Cole expects Spurs to keep things tight in a defensive display against ten Hag's men Tottenham will be hoping for another famous Champions League night at the new stadium when Ajax come to town in Wednesday’s semi-final first leg. Mauricio Pochettino’s
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A former US ambassador is among a team of consultants hired to help South Sudan's government reverse existing US sanctions and block the creation of a war crimes court, BBC reports. The revelation has sparked outrage among experts and campaigners who say it undermines a crucial element of the peace
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Ugandan "explorer" Sir Milton Allimadi (in featured photo) made a chance discovery in London over the weekend during an excursion in the city. He spotted a mighty river that meanders across the UK capital. So taken was he by his new find that he decided to name it River Gulu,
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