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Taxpayers Risk Losing Up To Shs110bn In Legal Costs Should BoU Lose Appeal Case Against Tycoon Sudhir

On August 26, 2019, the Commercial Court in Kampala dismissed a case in which Bank of Uganda (BoU) sued property mogul, Sudhir Ruparelia for allegedly fleecing his own bank (Crane Bank in receivership) of Shs397 billion in fraudulent transactions. The Central Bank was seeking to recover the Shs397bn. In his

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US To Uganda Govt: GMOs Have Great Potential To Improve Farmers’ Livelihoods

The United States Embassy in Uganda has expressed disappointment over President Yoweri Kaguta Museveni’s refusal to assent the controversial Genetic Engineering Regulatory Bill into law for the second time. “[It is] disappointing to hear that the future of the Genetically Engineered Regulatory Act (GMO bill) is still in doubt. Government

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Tony Elumelu Challenges Japan – “Partner with us in Empowering African Entrepreneurs”

In an impassioned keynote speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, African investor and philanthropist Tony O. Elumelu CON, challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs. “At TICAD

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