John Collison, the Irish cofounder of Stripe, the payments processing company now powering many in-app purchase systems, was a few months ago proclaimed the world's youngest self-made billionaire by Forbes in its new world's richest list. Collison, 26, is two months younger than Spiegel, the cofounder of Snapchat, which went
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The Government of Uganda seems determined to away with unnecessary loans burdening Ugandans, Business Focus reveals. The latest is that President Yoweri Museveni has rejected 11 loans that he says will not add value to Uganda’s economy. “We are burdening the country with so many loans many of which don’t
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Kyadondo East newly elected MP, Robert Kyagulanyi aka Bobi Wine has said it’s not him that has entered Uganda’s Parliament, but rather the ghetto. The Ugandan popular artist made the remarks on Tuesday afternoon at Parliament before taking his oath. “It feels like a great responsibility has been entrusted on
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A KShs100 (UShs3, 461) note might not be enough to get you to work and back home if you use public transport. If anything, you would probably need more than twice that amount daily if you commute from Nairobi’s central business district to Ongata Rongai for work - a distance
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The Petroleum Authority of Uganda has released a list of 293 local and international companies cleared as suppliers of various goods and services in Uganda’s burgeoning oil and gas sector. A number of Ugandans have in the past complained of lack of transparency in the oil and gas sector, but
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A vaccine has for the first time been shown to protect against the sexually transmitted infection gonorrhoea, scientists in New Zealand say. There are fears gonorrhoea is becoming untreatable as antibiotics fail, the BBC reported. The World Health Organization sees developing a vaccine as vital in stopping the global spread
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Standard Chartered Bank (StanChart) will close its branches in Bungoma, Kisii and Kitengela next month as it pushes online and mobile banking and cut costs. Also affected by what the bank said was a branch rationalization programme is the Warwick Branch in Gigiri, which will also be shut down, according
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To remain competitive in the market, ICEA Life Assurance has trained its staff members on reinsurance. The three-day training that took place at the beginning of this month at Royal Suites, Bugolobi was conducted by ZEP -RE, a leading reinsurance company. Julie Zaake, the Head of Human Resource at ICEA
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The controversial Marriage and Divorce Bill has been renamed to Marriage Bill and will soon be re-tabled on the floor of Parliament. The Uganda Law Reform Commission (ULRF), which was tasked by Ministry of Justice and Constitutional Affairs to review the Bill, informed the Speaker of Parliament, Rebecca Kadaga on
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North London Premier League football club Tottenham Hotspur has said that it is not in any discussions relating to a takeover offer. Media reports had said US firm Iconiq Capital was preparing an offer. Spurs are currently in the process of building a new stadium, and will play games at
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