Sudan has seized the assets of ousted President Omar al-Bashir’s now dissolved party, a senior member of the country’s ruling sovereign council said. The National Congress Party’s (NCP) assets were seized under a law that was passed in November and ordered the party’s dissolution. The law’s implementation is widely seen
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Lawmakers on the Parliamentary Finance Committee have summoned the Governor, Central Bank of Uganda, Emmanuel Mutebile to explain the rationale behind the continued recapitalization of Bank of Uganda that has been featuring in a number of budget proposals before Parliament. The summons followed a clarification sought by Henry Musasizi, Chairperson
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Absa Group Limited (AGL) today announced the appointment of Aaron Daniel Mminele as Group Chief Executive of Absa Group, effective from 15 January 2020. Mminele will be taking over from René van Wyk, who has been leading the bank on an interim basis since Maria Ramos’ retirement in February 2019.
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The Ministry of Finance, Planning and Economic Development is seeking for Shs41Bn for the construction of new office space as well as new lifts for the existing building so as to respond to the increased mandate of the Ministry. The details are contained in the 2019/2020 ministerial performance report in
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The number of people killed by a measles epidemic in the Democratic Republic of Congo has passed 6,000, the World Health Organization (WHO) has said. The WHO says the epidemic is the world's largest and fastest moving. Around 310,000 suspected measles cases have been reported since the start of 2019,
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Four Kenyan school children were killed in a gunfight on Tuesday between police and al Shabaab militants from Somalia who attacked a telecommunications mast in the third such deadly incident in Kenya this week, police and an official said. Officers killed two attackers and recovered two assault rifles and bomb-making
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Iran has carried out a ballistic missile attack on air bases housing US forces in Iraq, in retaliation for the US killing of General Qasem Soleimani. More than a dozen missiles launched from Iran struck two air bases in Irbil and Al Asad, west of Baghdad. It is unclear if
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Nakumatt is officially dead! Founded in 1987, it is no more after its creditors unanimously voted to dissolve the once giant retailer. The creditors including banks, suppliers and landlords are owed Sh38 billion. The court will decide on the liquidator on January 17, marking the formal end of the Nakumatt
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Every year Business Focus publishes a comprehensive list of Chief Executive Officers (CEOs) and business personalities to watch and 2020 is no exception. This is because their roles are more than a title; CEOs make sound decisions for organizations they head. They are responsible for their actions and decisions taken.
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A total of 13, 509 students are expected to graduate in different fields at Makerere University next week commencing from Tuesday 14th to 17th January 2020. The 70th Graduation ceremony will see 420 scoop first class degrees and others conferred upon degrees and awarded diplomas during the four-day ceremony. According
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