The mystery surrounding the construction of the bridge to link Kayunga and Kamuli districts caused an uproar in Parliament on Wednesday, 13 November 2019, with MPs calling for an investigation by authorities. The plenary debate on the Shs 24 billion bridge, was prompted by communication from the Speaker of Parliament,
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Aspiring and current Members of Parliament have been warned against borrowing to finance their political ambitions lest they burn their fingers. The call has been made by former Soroti Municipality MP, Mike Mukula (in featured photo above). Talking to his twitter handle yesterday, Mukula wrote, “My advice to aspiring and
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The Tony Elumelu Foundation CEO, Ifeyinwa Ugochukwu (pictured), urged youths gathered at the Misk Global Forum in Riyadh, Saudi Arabia to imbibe a job creating mentality for success in the future. This year’s theme “Work Reworked” focused on discovering the new trends and transformation in the world of work, regardless
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By Victoria Byenkya, Manager Women in Business Program at dfcu Bank. The clock is ticking on financial inclusion and a greater focus on women can go a long way in helping achieve the 2030 vision on global Sustainable Development Goals (SDGs). Greater access to financial services for women is considered
Read MoreNexign, (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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