By Prof. Emmanuel Tumusiime Mutebile, Governor, Bank of Uganda On Monday, September 17 2018, the Daily Monitor ran a story with the headline “How BOU Blew Shs478 billion in the Crane Bank Takeover”. The story and its headline was seriously misleading. The story claimed that the Bank of Uganda (BOU)
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Kyadondo East lawmaker Robert Kyagulanyi Ssentamu aka Bobi Wine has released a new video explaining what people power ‘ideology’ is all about. Bobi Wine, who is in America for medical treatment following reported torture on the eve of the recently concluded Arua Municipality bye-election, says people power is about “over
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Nairobi has beat Tanzania’s Dar es Salaam and Uganda’s Kampala to emerge s East Africa’s wealthiest city and the sixth in Africa after Durban, Cape Town, Cairo, Lagos and Johannesburg, a new report says. The study by New World Wealth and AfrAsia Bank from Mauritius estimated Nairobi’s privately held wealth
Read MoreBy AFP Gareth Bale has won four Champions Leagues in five years at Real Madrid, but believes the Spanish giants can be even better in their quest for a 14th European crown despite the loss of Cristiano Ronaldo. Bale has shone in the spotlight since Ronaldo's departure for Juventus, scoring
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The Referees' Association of Ghana (RAG) has handed life-time bans to six more referees in the wake of an investigation into bribery. It also banned 47 match officials for 10 years each, while another 14 were exonerated. RAG also confirmed the sanctions handed down by the Confederation of African Football
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The European Parliament debate on the chaos that ensued in Arua and the subsequent arrest and alleged torture of suspects, was based on rumors picked from social media, the Government Spokesperson, Ofwono Opondo has said. His statement follows a resolution by the European Union Parliament on Friday, challenging the president
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Troubled former Executive Director-Supervision at Bank of Uganda, Justine Bagyenda Monday failed to show up before Parliament’s Appointments Committee for vetting following her proposed reappointment to the Financial Intelligence Authority (FIA) Board as member. According to a letter dated September 12, 2018 authored by the Clerk to Parliament, Jane Kibirige
Read MoreRiccardo “fluffypony” Spagni, the South African-based Lead Maintainer of the Monero Project NAIROBI, Kenya, 17th September 2018 -/African Media Agency (AMA)/- Global currency wallet and exchange Abra has just added super-private cryptocurrency Monero to its platform in a move it says is aimed directly at helping emerging economies – including
Read MoreRiccardo “fluffypony” Spagni, the South African-based Lead Maintainer of the Monero Project NAIROBI, Kenya, 17th September 2018 -/African Media Agency (AMA)/- Global currency wallet and exchange Abra has just added super-private cryptocurrency Monero to its platform in a move it says is aimed directly at helping emerging economies – including
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In the race to become Africa’s dominant ride-hailing app, Uber Technologies Inc. is trailing a much smaller rival. Taxify OU has sprouted within just five years from a small Estonian venture into a so-called technology unicorn focused on Europe and Africa. The company, launched in 2013 by then-19-year-old Markus Villig,
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