The Democratic Republic of Congo is forming a plan to take back two oil blocks from sanctioned Israeli billionaire Dan Gertler and sell them to another company.The Congolese government has talked to Tullow Oil Plc about purchasing a stake in the Lake Albert licenses along the country’s border with Uganda, said four
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The Permanent Secretary Ministry of Finance, Keith Muhakanizi has revealed that cabinet is slated to discuss the issue of South Sudan traders compensation before final decision would be made on the particular individuals meant to benefit from the case bonanza. Muhakanizi made the revelation on Thursday while appearing before Parliament’s
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The publisher, African Leadership Magazine, has said that over 150 Leading African business, political and diplomatic leaders will be attending the 8th edition of the African Leadership Magazine Persons of the Year event. The event with the theme: Africa for Africans - Exploring the Gains of a Connected Continent, is billed
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The Secretary to the Treasury, Keith Muhakanizi has blamed the perennial budget deficits facing the country on failure by top government officials from taking up his advice on management of the economy. Muhakanizi made the revelation on Thursday while appearing before the Parliament’s Finance Committee where he had been summoned
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Farmers living along East Africa Crude Oil Pipeline (EACOP) have been advised to standardize their products to meet international standards. This was revealed by Mr. Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda (PAU) at a Farmers Conference held recently in Hoima District. The farmers were also
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Uganda is set to host Speakers and Presiding Officers Conference of the Commonwealth (CSPOC) in 2024.Uganda was selected to host the conference at the ongoing CSPOC in Ottawa, Canada running from 06-10 January 2020. The Conference provides Speakers and presiding officers of National Parliaments in the Commonwealth with a unique
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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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