Zimbabwe’s Econet Wireless Ltd. will shut its African pay-TV unit due to the country’s economic condition and shortage of foreign currency, group Chief Executive Officer Douglas Mboweni said. “We regret to announce the discontinuation of Kwese TV Satellite Service with effect from Aug. 5,” Mboweni said in a statement Sunday.
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Zimbabwe Economic Crisis Reaches ‘Tipping Point’ As Inflation Data Suspended
Zimbabwe’s finance minister responded to the country’s worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little power that’s available five-fold and admitting what the International Monetary Fund told him in April: the economy will contract for the first
Read MoreThe Secretary to Treasury Keith Muhakanizi has directed that the audit on activities of the Uganda Telecom Limited (UTL) be halted. Muhakanizi, who doubles as Permanent Secretary Ministry of Finance wrote to the UTL Administrator Bemanya Twebaze on August 2rd asking him to halt the audit process as was directed
Read MoreThree suspects (in featured photo), among them two women, are detained in connection with forging URA documents including those for several government institutions, bank stamps and international agencies. It is said Ali Kimera Ssajjabi, Amina Nambalye and Hadijah Nakitende are based along Nasser Road, Kampala. The road is infamous for
Read MoreKamya: ‘Musisi Left KCCA Because She Got A Highly Paying Job She Couldn’t Resist’
Beti Kamya, the Minister responsible for Kampala Capital City Authority (KCCA) former KCCA Executive Director, Jennifer Musisi resigned because she got a better paying job compared to what she was earning at the City Hall. She made the remarks yesterday while speaking out at the staffing levels at KCCA at
Read MoreVictoria University, one of the fastest growing private universities in Uganda has signed a memorandum of understanding with Federation of Uganda Basket Association to cooperate in both sports and academic field. Commenting about the MoU, the Victoria University Vice Chancellor, Associate Professor Krishna N Sharma said the university was honored
Read MorePM Rugunda Pledges Additional Government Support To Tony Elumelu Foundation Entrepreneurs
At the recently concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at the most influential gathering in the African entrepreneurship ecosystem. Job creation and youth empowerment were the key themes tackled at the Forum. The Tony Elumelu Foundation,
Read MoreOulanyah Tells Off Nambooze; Take Matters Of Mistreated Ugandans Abroad To UAERA
The Deputy Speaker of Uganda’s Parliament, Jacob Oulanyah has advised Mukono Municipality Member of Parliament Betty Nambooze to take matters of mistreated Ugandans abroad to the Uganda Association of External Recruitment Agency (UAERA). Oulanyah also tasked UAERA to expeditiously handle the repatriation of workers stranded in foreign countries under uncomfortable
Read MorePresident Yoweri Museveni has welcomed the idea of establishing the John Kale Karekyezi University in Kisoro District in memory of the late Kalekyezi’s enormous contribution in the fight for Africa’s independence. Museveni made his views known on Wednesday while meeting people in Kisoro district, south western Uganda. The President is
Read MoreMP Niwagaba Seeks To Table Bill Reinstating Term Limits, Scraping Vice President Position
Ndorwa East MP, Wilfred Niwagaba (in featured photo) has sought the leave of Parliament to table a Constitution Amendment Bill which seeks to scrap the position of Vice President and Prime Minister, among a cocktail of other proposals. The objects of the Constitution Amendment Bill 2019, outlines its ambitious intentions.
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