dfcu Limited has announced Arise B.V as its majority shareholder, Business Focus reports. According to a statement issued by the Board of Directors of dfcu Ltd on April19, 2017, the transfer of shares into Arise B.V by NorFinance A.S and Rabo Development has been successfully completed. “Arise B.V. consequently holds
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Authorities at Uganda's Maximum Prison, Luzira, have reportedly blocked visitors from accessing jailed Don Stella Nyanzi. According to reports from Luzira, the Makerere University doctored who is on remand over charges of cyber harassment has also been denied access to her children. "JUST IN: Luzira Prison authorities are blocking all
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The world economy seems to be gaining momentum, according the chief economist of the International Monetary Fund. Writing in the IMF's new World Economic Outlook, Maurice Obstfeldt said "we could be at a turning point". The report forecasts global growth this year of 3.5%, up from 3.1% predicted in 2016.
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Details have emerged of why Uganda's President Yoweri Museveni is visiting Qatar. President Museveni is in Qatar on a 3-day State visit at the invitation of the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani. The President, is accompanied by the 1st Lady and Minister of Education and Sports,
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A latest study has indicated that Africa’s elephant population has fallen by a massive 30% since 2007. The shocking revelation is contained in a country-by-country analysis conducted by SafariBookings.com to gain a better understanding of the rapid decline in Africa’s elephant population. Since 2007, elephants have been in severe decline,
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Uganda's Premier, Ruhakana Rugunda on Tuesday held a high level meeting with Uganda Communications Commission (UCC) boss, Godfrey Mutabazi over the controversial SIM CARD registration exercise. According to Pamela Ankunda, head of public and international relations at UCC, they held discussions on the progress of the campaign. "He said at the
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The Bishop of Ruwenzori Diocese, Reuben Kisembo has cautioned Members of Parliament against accepting bribes to change the age limit the constitution to allow President, Yoweri Museveni to stand for re-election. Speaking during the Easter Service this morning at St John's Cathedral Kabarole, Kisembo said should the MPs accept to
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A Ugandan Bishop has praised the country's President Yoweri Museveni for his intensified fight against the evil of corruption. Bishop Patrick Gidudu of Mbale Diocese in eastern Uganda thanked the President for fighting the vice in the country. While delivering his Easter sermon to hundreds of Christians at St. Andrew's Cathedral
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There was drama in Parliament when MPs protested and later threw out the budget proposals presented by Uganda National Bureau of Standards (UNBS), arguing that the money allocated to the standards body was a joke. The lawmakers warned not to pass the UNBS’ 2017/18 budget if the money allocated to
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Africa’s richest man, Aliko Dangote is set to become the world’s largest rice exporter by 2021. This is according to Akinwumi Adesina, President of the African Development Bank (AfDB). Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth
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