Nexign, (a part of ICS Holding), a leading Business Support System (BSS) and Internet of Things (IoT) solutions provider, announced today that implementation of Nexign Converged BSS and Nexign Network Monetisation Suite enabled Chinguitel to significantly improve subscriber services and, as a result, boost revenue by 10% year-on-year. Chinguitel is
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Shareholding follows investment of $50 million in AFC’s equity by Bank Group; African Development Bank becomes second investment-grade Supranational Finance Institution to join and invest in AFC. Africa Finance Corporation (AFC), a leading infrastructure solutions provider in Africa, today announces that the African Development Bank Group, Africa’s highest investment-grade rated
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Commercial Banks are increasingly adopting the sale and distribution of insurance products because selling them (insurance products) gives them a new and lucrative revenue stream without high new setup costs. Besides, this fee-based income is essentially risk-free since the bank simply plays the role of intermediary. Insurance companies on the
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The second round of 'peace talks' between Uganda and Rwanda has been postponed again to November 18th 2019 as the two East African countries seek to address their differences. Delegates from both sides were initially supposed to meet in Kampala on October 16, however, that date past without any summit.
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MPs on Parliamentary Public Accounts Committee have been shocked by Ministry of Public Service's failure to utilize Shs373bn meant for staff recruitment yet over 150,000 posts are vacant in various government departments, ministries and agencies. While scrutinizing the documents from Ministry of Public Service today, MPs discovered that there were
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In a major step in the fight against Ebola, the World Health Organization (WHO) has approved the world’s first ever vaccine against Ebola. The drug, called Ervebo and manufactured by MERCK pharmaceuticals, was being used in an experimental phase in the Democratic Republic of Congo. But now the WHO says
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The East African Community (EAC) will not intervene in the ongoing border impasse between Uganda and Rwanda, Ali Kirunda Kivejinja, Uganda’s Second Deputy Prime Minister and Minister of East African Community Affairs, has said. Kivejinja (pictured) defended his position arguing that the community is optimistic that mutual talks between Uganda
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Dozens of people arrested at a gay-friendly bar in Uganda's capital, Kampala, have been charged in court with "being a common nuisance". Some members of Kampala’s LGBTQ community see the arrests as an attempt to shut down spaces available to them. But the police insist they are not targeting them
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The Speaker of Uganda’s Parliament, Rebecca Kadaga (pictured) has lashed out at members of the National Resistance Movement (NRM) caucus for trying to usurp powers of Parliament by using their meetings to dictate activities in Parliament. She warned the ruling party against undermining Parliament. It should be recalled that NRM
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Thousands of patients in the United Kingdom (UK) will get cannabis-based medicines on the National Health Service after two drugs were approved for use, Daily Mail reports. Children with two rare life-threatening forms of epilepsy will now have access to the drug Epidyolex, which helps to reduce seizures. And patients
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