Africa’s biggest bank by market value just became a possible takeover target - at a time when potential buyers are scarce. Billionaire Johann Rupert’s Remgro Ltd and RMB Holdings Ltd are spinning off their stakes in Johannesburg-based FirstRand Ltd to achieve better value for their investment in the banking group.
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African Development Bank President Dr Akinwumi Adesina received the African of the Year Award from the All Africa Business Leaders Awards (AABLA™), Thursday, in recognition of his bold leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” The ninth
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The Shadow Minister of Internal Affairs, Hon Muwanga Kivumbi has accused his opposite in government, Hon. Obiga Mario Kania of reluctance and inefficiency by the Uganda Police to investigate high profile criminal cases. Kivumbi, who is also the Butambala MP, highlighted several murder cases where suspects have not been committed
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Legislators have adopted a motion urging government to review taxes on procurements of closed circuit television (CCTV) cameras and automotive tracking devices. The MPs, while debating the motion during plenary sitting on Wednesday, 4 December 2019, agreed that the prices on the market for CCTV cameras were too expensive for
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Parliament's Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) subcommittee investigating the expropriation of departed Asians Properties has turned its guns against businessman Sudhir Ruparelia after the tycoon showed no interest of wetting the committee head’s beak, reports claim. Makindye East MP, Ibrahim Kasozi who presides over this committee
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US House of Representatives Speaker Nancy Pelosi says the chamber will file impeachment charges against President Donald Trump. "Today I am asking our chairmen to proceed with articles of impeachment," the top elected Democrat said. She spoke a day after the House Judiciary Committee began considering potential charges against the
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The Deputy Speaker Jacob Oulanyah has urged the Electoral Commission to review the on-going voter verification exercise to ensure all eligible people vote in the 2021 general elections. Oulanyah made the appeal on Wednesday after Arua Woman Member of Parliament Maurine Osoru raised a matter of national importance. Osoru noted
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Borrowers aged between 30 and 40 control more than a third of fast-growing mobile loans that a new survey shows are largely controlled by banks. A survey by Creditinfo CRB Kenya Ltd, one of the three credit reference bureaus, shows borrowers in the age bracket accounted for 31 percent of
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Nobel Peace Prize laureate and veteran of South Africa’s anti-apartheid struggle Desmond Tutu has been admitted to hospital for the treatment of an infection, his office said on Wednesday. “The Archbishop has been hospitalised several times over the past few years for treatment of a similar condition,” the Desmond &
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Two tropical storms are expected in East Africa late on Thursday and Friday, according to latest weather reports. Somalia’s semi-autonomous region of Puntland is bracing for what authorities have described as a category two storm. Weather experts say at least nine countries in the East African region are experiencing heavier
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