On August 26, 2019, the Commercial Court in Kampala dismissed a case in which Bank of Uganda (BoU) sued property mogul, Sudhir Ruparelia for allegedly fleecing his own bank (Crane Bank in receivership) of Shs397 billion in fraudulent transactions. The Central Bank was seeking to recover the Shs397bn. In his
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A nine-year-old Congolese girl diagnosed with Ebola in Uganda has died, health officials say. She had been screened for Ebola at the Mpondwe border crossing when coming into the country from the Democratic Republic of Congo with her mother. She was found to have had a fever, immediately put into
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NBS TV, one of the fastest growing media houses in Uganda is positioning itself to dominate Luganda news in the country. Whereas its 7PM ‘Amasengejje’ Bulletin has been doing well in recent years, sources at the Kamwokya based media house reveal that the station managers want to attract new views
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In an impassioned keynote speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, African investor and philanthropist Tony O. Elumelu CON, challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs. “At TICAD
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A report on Kawempe Women Specialised Hospital has showed that 86 mothers and 2225 babies died in a single year at the multi-billion facility. The astonishing figures were revealed by Dr. Joyce Moriku, Minister of State for Primary Health Care, at the Ministry of Health while meeting with the MPs
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Directors and management of online news website, the Spy Reports (www.spyreports.co.ug) have issued an apology to Kampala Metropolitan Police (KMP) Commander, CP Moses Kafeero over a believably damaging story about his wedding. The soft-spoken police boss walked down the aisle, his longtime fiancée Mary Antonia Nakayita, 34, at St. Francis
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Equity Bank Uganda will be showcasing feasible investment and banking opportunities for Diaspora customers back home at this year’s Uganda North America Convention being held at the Hyatt Regency in Chicago, from August 29 to September 1, 2019. A delegation led by the Bank’s Executive Director, Anthony Kituuka (Centre in
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Uganda’s Energy Ministry has stressed that Tullow must pay Capital Gains tax before it can be allowed to sell part of its stake to Total and CNOOC Uganda. Tullow confirmed earlier Thursday that their Sale and Purchase Agreements (SPAs) deadline had passed. The Ministry’s Permanent Secretary, Robert Kasande in a statement
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Members of Parliament have urged government to learn from the Netherlands and build the capacity of farmers in a bid to transform the agricultural sector. The delegation led by Lyandro Komakech made this call following visits to agriculture equipment companies and farms in Netherlands on the sidelines of the 2019 Uganda Netherlands Business Convention.
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TheWorld Health Organization (WHO) has asked Kenyans and East Africans to be vigilant against a fake antibiotic in circulation in the market. The WHO said that fake versions of Augmentin are in circulation in some pharmacies in Kenya. It also said they could be found in Uganda. Augmentin is a
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