Bank of Uganda (BoU) has denied reports that it is hiding Shs10bn in a secret account in Germany. In a press statement issued Monday morning, BoU Communications Director, Christine Alupo, describes the reports as misrepresentation "of the information that was provided in the testimony by the Bank of Uganda (BoU)
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Bitcoin's value has jumped to a record high, following a month of turmoil. The virtual currency reached $3,451.86 (£2,651) per coin in Monday trade, according to the Coindesk Bitcoin Price Index. It had never crossed the $3,000 mark until the weekend. The market value of all bitcoins in existence has
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Kenyans started casting their votes Tuesday in an exercise characterized by long queues. The Daily Nation reports that voting started at 6am in most polling stations where voters started trooping in as early as 3am. At Kimala Primary School polling station in Taveta constituency, Taita Taveta County, voting started at
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North Korean state media has slammed the latest round of sanctions approved by the United Nations, calling them a "flagrant violation of our sovereignty", CNN reports. It vowed retaliation against Washington. The UN Security Council unanimously adopted new sanctions Saturday in response to Pyongyang's long-range ballistic missile tests on July
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Nervous Kenyans stockpiled food and water on Monday and police prepared first emergency aid kits as families headed to their ethnic heartlands on the eve of an election many fear could descend into violence. Opposition leader Raila Odinga, 72, who lost elections in 2007 and 2013, has already said President
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South Sudan's army has captured the main rebel stronghold of Pagak near the Ethiopian border, forcing thousands of people to flee, the rebels said on Monday. Rebel spokesman Lam Paul Gabriel said rebel forces pulled out of Pagak after coming under attack in the early hours of Sunday. "We realised
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Kampala Lord Mayor Erias Lukwago has called for regulation of Kampala Capital City Authority (KCCA) law enforcement teams. Lukwago's suggestion comes after the death of a city hawker Oliver Basemera, 35, who drowned in Nakivubo Channel on Friday while fleeing from law enforcement officers, who were conducting operations against hawking
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Uganda's Military Attache to the Democratic Republic of Congo (DRC) and National Resistance Army (NRA) bush war historical has succumbed to cancer. Brigadier Geoffrey Kyabihende aka Taban (RO/00094) breathed his last on Monday morning at Nakasero Hospital where he had been admitted five days ago. Special Operations commander, Major General
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By Godfrey Kenneth Gobba For someone to have a comfortable income during their long prestigious and flamboyant corporate working career and then end up a flat broke financial vegetable during their retirement is indeed a big shame. After years of wearing expensive suites, driving fuel guzzling SUV’s, the frequent travels
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Kenya’s exports to Tanzania have dropped by 34 per cent in the first five months of the year raising concerns over negative impacts of the long-running trade standoff, reports Business Daily Africa. Exports to Tanzania plunged by Sh4.35 billion to Sh8.2 billion in the period to May compared to Sh12.55
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