Montage of CEOs heading banks with highest NPLs Banking industry Non-Performing Loans (NPLs) increased significantly in 2020, an exclusive analysis by Business Focus reveals. In our previous articles about the performance of banking industry in 2020, we revealed the most profitable and loss making banks as well as the largest banks
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URC CEO, Stanley Sendegeya The Uganda Railways Corporation (URC) Board Chairman, Hannington Karuhanga told his close friends that he was frustrated the job had turned out more complicated than he thought. The powerful tycoon was referring to the saga which saw him sweat before the IGG investigators who were at URC
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Presidents Yoweri Museveni and his Tanzanian counterpart, Samia Suluhu Hassan and officials from the two countries after the signing of HGAs in Uganda Tanzania is expected to sign an agreement to host the East African Crude Oil Pipeline with its lead investor Total. The signing of the long-awaited Host Government
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Jacob Oulanyah taking oath as Omoro County MP The former Deputy Speaker of Parliament Jacob Oulanyah has said that the 11th Parliament owes Ugandans a duty to restore the dignity and reputation of the legislative arm of government.According to Oulanyah, Members of Parliament are no longer respected amongst Ugandans because
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Ethiopia has vowed to go on with a second filling of the dam Ethiopia's Ministry of Foreign Affairs has said the country will begin a trial run for power generation at the Grand Ethiopian Renaissance Dam (Gerd) during the upcoming rainy season, as it prepares for the second filling of
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A woman shows mangoes that are rotting away in Bongolaku village in Labongo Akwang Subcounty,Kitgum district/URN Photo. Farmers in Kitgum and Pader Districts are counting losses as their organically grown mangoes rot away over limited markets. It is the mango season in the region and most homesteads within rural and
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Most of the applicants are companies operating radio stations/Courtesy photo At least 33 media houses have jointly sued the government and Kampala Capital City Authority challenging double taxation on trading licences despite numerous court decisions declaring such actions illegal.The media houses are Radio One, Akaboozi, Radio Simba, Basoga Baino FM,
Read MoreA year since the commencement of the Presidential Initiative on Wealth Creation dubbed Emyooga, the initiative has so far disbursed Shs 200 billion to SACCOs for online disbursement to the parish-based group. However, many would be beneficiaries say they have not yet received the money, with some doubting that they
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The agency in charge of water and sewage in Uganda has dismissed a news report that a massive biodigester electricity project had failed because the waste collected from Kampala residents did not produce enough methane. The state-linked New Vision news site had quoted Dr Florence Grace Adongo, the director of water resources
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Severe drought has farmers worried they will not have enough water to get through the dry season/Courtesy photo Brazil, the world’s biggest exporter of coffee, sugar and orange juice, just had a rainy season that brought hardly any rain. Soils are parched and river levels are low in the nation’s
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