A few Ugandans have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy and distribution and earned multi-million dollar fortunes to boot. Their names don’t ring with the African public, and you’ve probably never heard about them before, but they are very successful —
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Dr. Sam Lyomoki, one of the MPs representing workers in Parliament has revealed why he is the best suited candidate to replace President Yoweri Museveni come 2021. Addressing the press at Parliament on Friday, Lyomoki, who is also a member of the ruling NRM said following the removal of the
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Arsenal manager Arsene Wenger has told the BBC that he has been invited by the new Liberia president George Weah to his inauguration later this month. Wenger was Weah's manager at French side Monaco between 1988 and 1992 but he is not sure he will able to attend. "I have been invited
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Facebook founder Mark Zuckerberg has pledged to dedicate the next year to fixing the social network, admitting that a barrage of scandals means it hast lost the faith of users and governments. In a New Year's message posted on Facebook, he said he would be dedicating 2018 to repairing the
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There has been an outpouring of grief and emotion on social media sites as Ugandans including leaders mourn the death of Mpalanyi Nkoyoyo, the former Archbishop of the Church of Uganda. The Church of Uganda archbishop, Stanley Ntagali said the retired Archbishop died on Friday at about 11:40am at Kampala
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Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an analysis by the Institute of International Finance. Private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey. At the same
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The Bank of Tanzania (BoT) has moved to shut five non-performing lenders down in a bid to protect the stability of the neighbouring country's banking system. A statement released by BoT Thursday revealed the affected banks as Covenant Bank For Women Limited, Efatha Bank Limited, Njombe Community Bank Limited, Kagera
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Investors devoted to the idea that inflation will stay subdued should be worried. Worldwide data have recently made clear that producer-price increases have picked up steam. That’s led bond buyers to begin wagering that consumer inflation could be soon to follow, with U.S. breakeven rates above 2 percent in many
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Kampala Capital City Authority (KCCA) in partnership with Uganda National Bureau of Standards (UNBS) Thursday closed nine butcheries across Kampala for using dangerous chemicals including formalin (used to preserve dead bodies) to preserve meat. Most of the affected butcheries are located in Kalerwe and Ntinda. Dr. Emilian Ahimbisibwe, KCCA’s Supervisor
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By Aloysious Kasoma Diamond Trust Bank Uganda has received a license from Insurance Regulatory Authority (IRA) to provide Bancassurance as a product on the Ugandan market. Bancassurance simply means the selling of insurance products and services by banks. Bancassurance takes effect in Uganda following the passing of the Financial Institutions
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