Jeff Bezos, founder and chief executive of Amazon, announced on Thursday that he will transfer roughly 4% of the company’s stock to his wife, MacKenzie, most likely by early July, Forbes reports. The couple are in the process of finalizing their divorce. Those shares are worth more than $35 billion
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The Auditor General (AG) has rejected a request from Deputy Governor Bank of Uganda, Dr. Louis Kasekende to carry a fresh inquest on the Shs478 billion the Central Bank is reported to have injected into Crane Bank after the takeover. Responding to Kasekende’s letter dated March 11, 2019 requesting the
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By BBC WASHINGTON, The US has revoked the entry visa for the prosecutor of the International Criminal Court (ICC), Fatou Bensouda. The decision is thought to be the US response to Ms Bensouda's investigation into possible war crimes by American forces and their allies in Afghanistan. The US secretary of
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Uganda could lose up to US$ 250 million (over Shillings 930.5Billion ) investment by Hima Cement Ltd to Kenya, the Chief Executive Officer, Nicolas George has revealed. Hima Cement Ltd. is a subsidiary of Bamburi Cement Ltd, a member of LafargeHolcim Group, a Swiss multinational company that manufactures building
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Dr. Chris Mukiza (in featured photo Right) has been appointed the new Executive Director of Uganda Bureau Of Statistics (UBOS). According to a press statement issued by UBOS, the Minister of Finance, Planning and Economic Development, Matia Kasaija appointed Mukiza on the recommendation of UBOS Board. His appointment took effect
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President Yoweri Museveni has run out of money for donations and is requesting for more funds to meet his obligations, MPs on the Parliamentary Committee on Budget have been told. The revelation was made by the State House Comptroller, Lucy Nakyobe on Thursday after she asked Parliament to give State
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Uganda is clamping down on imports of gold so that processors have to certify the precious metal is not from an area of conflict, BBC reports. The move follows a United Nations report which concluded Kampala is a hub for gold traded illegally from the Democratic Republic of Congo. The
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The Stanbic monthly Purchase Managers Index (PMI) has continued to project a healthy performance in the private sector for the 26th month running. Although the PMI for March registered a score of 51.7 in March down from 54.4 in February, the reading still points to improvement in business activity which
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The recruitment of Chris Ariko Obore (in featured photo) as Director of Communication of Public Affairs at Parliament was based on an illegality. This is contained in a March 5th, 2019 termination letter to Obore by the Clerk to Parliament, Jane Kibirige, URN reports. She explains that this is part
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On my first field visit as head of the Kenyan Ministry of Health's Neglected Tropical Diseases (NTDs) unit, my team and I traveled through Pongwe-Kidimu, a picturesque coastal region of Kenya, holding focus group discussions with health workers and members of the community to understand the challenges they were facing
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