The Bank of Uganda (BoU) Governor Prof. Emmanuel Tumusiime- Mutebile has revealed that the Central Bank cannot open any of the seven defunct Banks. "In principle, I would never dream of opening a Bank that I closed before," Mutebile said. He was responding to a question raised by Aruu County
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Bank of Uganda officials have revealed shocking details surrounding the closure of Teffe Bank. Appearing before the Committee of Statutory Authorities and State Enterprises (COSASE) on Thursday to respond to queries raised in the special Auditor General’s report about the controversial closure of the seven defunct banks, Tumubweine Twinemanzi, the
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Maize is one of the world`s important cereal crops. In East Africa, the crop is a major staple food for a large proportion of the population, in addition to being an important animal feed. The importance of maize is centered on the large quality of carbohydrates, proteins, vitamins and fats,
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Thousands of Ugandans are set to benefit from a grant by the Belgium government to help in the distribution of energy in western Uganda, if Uganda Rural Electrification Agency (UREA) inks a deal with Tiger Power, an energy company. We have learnt that Tiger Power, a Belgian manufacturer of renewable energy
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Uganda’s president has ordered an army-led operation to protect Chinese businesses. It follows a meeting he held with over 120 Chinese investors who say some of their factories have suffered a spate robberies where large sums of money were taken. "Met with the Chinese Ambassador H.E Zheng Zhu Quiang. In
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Four suspects have been arrested as security agencies zero down on a group of people that circulate anonymous threatening letters demanding for money from the business community within Kampala Metropolitan Policing Area. The group code named "The People's Agency" is led by a one John Mwanje a.k.a Brandon a.k.a Brian.
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Leading insurance broker, Minet Limited, on Wednesday, launched an awareness campaign about Cyber Risk Insurance, at Sheraton Kampala Hotel. At the event themed, “Cyber Risk Awareness and Management,” Mr Maurice Amogola, the Minet Uganda, Chief Executive Officer, noted that everyone was vulnerable to cyber-attacks so long as they used computers
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Sadolin Paint Uganda has held a one-day seminar in Kampala to sensitise architectural painters on the need for observance of high professional standards in the discharge of their contracts. Akzonobel Commercial Director for East Africa, Mr. Deon Nieuwoudt, who led the discussions and demonstrations said the training session was geared
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Video is driving the demand for data services as a key revenue generator for telecoms operators. At AfricaCom, the largest telecommunications event in Africa, global ICT giant Huawei highlighted the importance for carriers to focus on the end user experience and building a video ecosystem that will fully release new
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The U.S. Agency for International Development (USAID), Land O'Lakes International Development, and the Foundation for Food and Agriculture Research announced the six winners of the Feed the Future Fall Armyworm Tech Prize at the AfricaCom conference in South Africa today. A Ugandan organization is one of the six winners.
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