Former Kilome MP Harun Mwau’s exit from Nakumatt was the trigger for the retailer’s slide to bankruptcy and near-liquidation, according to newly filed court documents. Edward Waithaka, a director of Nanyuki Mall Limited, says in court filings that Nakumatt chief executive Atul Shah may have used its working capital to
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Controversial veteran journalist and political pundit, Andrew Mwenda has likened Uganda's biggest opposition party, the Forum for Democratic Change (FDC) to Adolf Hitler's NAZIs. Mwenda made these remarks on Sunday on social media after writing an analysis of the the FDC Presidential elections held on Friday that saw Patrick Amuriat
Read MoreThere is heavy deployment of army personnel and police in Kasese town as residents remember the death of more than 100 people in clashes between state security agencies and royal guards at the Kingdom of Rwenzururu, last year. Tomorrow will mark exactly one year since the raid on the palace
Read MoreA section of veterans from the National Resistance Movement (NRM) party Veterans League have told the Legal and Parliamentary Affairs Committee that Article 102(b) of the Constitution does not make sense and should be repealed. The League is composed of largely former men and women of National Resistance Army (NRA),
Read MoreOctober, 2014. Patrick Ho Chi-ping was planning a trip from Hong Kong to the central African country of Chad, where he was scheduled to meet the long-time president, Idriss Déby. But Ho got a warning: he should skip the capital and, instead, take a flight to Ethiopia where he would then fly
Read MoreAnother Forum For Democratic Change (FDC) Presidential candidate has conceded defeat to the newly elected party leader, Patrick Oboi Amuriat. Moses Byamugisha in his concession speech says he looks forward to working with Amuriat to bring back party members who had deserted. Below is his statement Soon after Hon Amuriat
Read MoreTwo senior police officers who were side-stepped in the recent appointment of police spokesperson Emilian Kayima have finally handed over their offices as they await new deployment. The two officers include Commissioner of Police (CP) Fred Enanga who has been working as part of the administration team Assistant Commissioner of
Read MoreAfrican telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about $8 billion (UShs29.1 Trillion) next year after combining new and existing assets, according to people familiar with the matter, reports Bloomberg. That valuation would be based on an enlarged company, partly forged through
Read MoreAfrica’s largest cement Company, Dangote Cement Plc Wednesday added fillip to the on-going efforts at economic emancipation of Africa when it formally opened its 1.5mtpa capacity cement plant in Mfila, Congo Brazzaville, amid ecstasy by the government and the indigenes of the Country. The new plant estimated at $300 million
Read MoreEmmerson Mnangagwa has been sworn in as Zimbabwe's president in a ceremony at a packed stadium in the country's capital, Harare, reports BBC. It follows the dramatic departure of Robert Mugabe after 37 years of authoritarian rule. The former vice-president's dismissal earlier this month led the ruling Zanu-PF party and
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