Michael K. Mugabi, the Housing Finance Bank Managing Director January is that time of the year when many draw plans for the year with various aspirations and goals. It is also the time when financial pressures out of the festive season kick in with needs like school fees, business, and
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Kenyan President William Ruto has backed the transformation of a known cyber crime hub into an innovation hub. Hackers operating in Mulot trading centre, located in the Rift Valley, are believed to be behind illegal transfers and withdrawals of huge amounts from bank accounts, according to local media reports. They
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Yinager Dessie was appointed as Ethiopia's central bank governor in 2018 The head of Ethiopia’s central bank has been replaced as the country continues to grapple with high inflation rates. Yinager Dessie was appointed as governor of the National Bank of Ethiopia (NBE) in 2018 shortly after Prime Minister Abiy
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Bags of Charcoal parked at a collection point adjacent to the Nimule Juba Highway in Pabbo Sub-county Amuru district. Leaders in Gulu District have tasked the government to extend the ban on the issuance of documents facilitating the commercial production, trade, and movement of charcoal to all districts in the
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Henry Musasizi, the State Minister of Finance in charge of General Duties The Government has triggered stringent amendments to repeal the current Foreign Exchange Act of 2004 to streamline governance and eliminate financial sector barriers. The Foreign Exchange Amendment Bill, 2022 seeks to provide for the enhancement of the minimum
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African Development Bank Group President Dr. Akinwumi Adesina Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%,
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Murder suspect arrested with the help of K9/Police photo The Uganda Police Force is seeking Shs4.968bn for the procurement of 750 sniffer dogs to expand the Force’s canine unit in order to fight crime in the country. Documents tabled by Police before Parliament indicate that in the 2023/2024 National Budget Framework
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Auditor General John Muwanga. The government lost 33 billion Shillings in payroll irregularities in the last financial year 2021/2022. Part of the money was paid to ineligible teachers, overpaid in salaries and pension, and in some other instances, paid to retired, transferred, dead, or staff who absconded. This was revealed
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Cabinet has approved the application by the East African Crude Oil Pipeline Company Limited for a license for the construction of the 296 km long East Africa Crude Oil Pipeline in Uganda. The State Minister of Information Communication Technology – ICT and National Guidance, Godfrey Baluku Kyabyanga, and officials from
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The 30 billion Shillings pipe water system installed in Orom Sub-County has become unreliable, a year after commissioning. In 2019, the Ministry of Water and Environment signed a Memorandum of Understanding with Orom Sub-County and with financial support from the African Development Bank contracted China States Construction Engineering Corporation Ltd
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