A new version of Bitcoin has been mined for the first time in the crypto-currency's history. Bitcoin Cash is the result of months of debate and development over how the currency would continue to evolve. Fears of large swings in the value of Bitcoin have so far not been realised
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A latest report indicates that Uganda’s economy is steadily recovering from hard times that have left big companies collapsed and others limping. According to the Stanbic Bank Purchase Managers Index (PMI) for Uganda, there has been an improvement in private sector business operating conditions in the country following a rise
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Equity Bank has started closing some of its automated teller machines (ATMs) as the lender shifts customers to alternative channels such as agency and mobile banking in a fresh cost-cutting strategy, Business Daily Africa reports. Kenya’s biggest bank by customer numbers told the Business Daily it has so far closed
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A contract signed between Societe General Desurveillance (SGS), a Swiss based company and the government of Uganda faces termination going by the pressure from various stakeholders. The latest is a group of car dealers who have asked Parliament to terminate the contract with immediate effect if it is established the
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Ugandan embattled tycoon Sudhir Ruparelia is no longer East Africa’s richest man. Mohammed Dewji, the CEO of METL, a Tanzanian conglomerate founded by his father in the 1970s, is now the only East African to make it to the latest Forbes billionaires list. According to Forbes’ Real Time ranking, Dewji’s
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The bodies of the 12 Ugandan soldiers who were killed in an ambush in Somalia on Sunday have been flown home. [caption id="attachment_3149" align="alignnone" width="1200"] A UPDF soldiers' honour guard was mounted as they prepared to receive the bodies of their comrades[/caption] A military ceremony was held when their bodies
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A new Human Rights Watch report accuses nine leaders in both of South Sudan’s warring parties of committing serious rights violations and possibly war crimes during 2016 and 2017. It recommends placing sanctions on all nine men, including President Salva Kiir, former First Vice President Riek Machar, and former army chief of
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The Uganda government has underscored the need to create a child-focused special fund to address issues of child poverty in the country. About four million children under the age of five in Uganda live in poverty and are deprived of basic rights according to a 2014 report on Child Poverty
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African Union election observers are expected to commence their activities in the country today ahead of Friday’s presidential election, the NewTimes reports. The deployment by AU Commission Chairperson Faki Mahamat follows an invitation by the Government to observe the elections. The team will be led by the former President of
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Parliament’s move to probe Bank of Uganda (BoU) over the controversial collapse of Crane Bank has been temporarily stopped pending Court’s ruling. However, MPs have been urged to keenly follow court proceedings. BoU sued Sudhir Ruparelia and his other company; Meera Investments for causing financial loss to Crane Bank, eventually
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