International Aid organisation, ActionAid, has demanded the unfreezing of its Ugandan bank accounts saying it is preventing the organization from doing its vital work tackling poverty and injustice. Last Thursday, Ugandan authorities closed down the bank accounts of ActionAid Uganda accusing the organisation of funding age limit protests. The authorities also
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Foreign traders at Nairobi Securities Exchange (NSE) sold shares worth Sh34.2 billion (UShs1.2 trillion) in three months ended September due to heightened political uncertainty, reports the Standard Newspaper. According to the data from the market regulator, Capital Markets Authority (CMA), most of the foreign investors chose to sell their stakes
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Why Bobi Wine is misguided So Bobi Wine issued a “letter to Young Ugandans” in which he claims that colonialism marked Uganda’s golden age. This is the problem with President Yoweri Museveni’s critics - always ignorant and emotional and their arguments always lack substance in both matter and manner. I
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Troubled retail operator Nakumatt Holdings has received accolade in neighbouring Rwanda after it was recognised as the best taxpayer, reports Business Daily Africa. Nakumatt Rwanda, which operates 3 retail stores in Kigali, took home the 2016 Best Taxpayer trophy as well as the Best Electronic Billing Machine (EBM) user award
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the
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Mohammed Hamid, one of Uganda’s leading entrepreneurs, is the Chairman and founder of Aya Group, a $300 million (annual revenues) Ugandan conglomerate with interests in milling, food manufacturing, commodity trading, transportation and hospitality. Aya Group recently launched Pearl Of Africa, a landmark hotel in Kampala which cost more than $300
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Uganda's President Yoweri Museveni has praised the father of the country's Inspector General of Police (IGP) Kale Kayihura saying he was a great Pan Africanist. The president made the remarks during a thanksgiving ceremony to celebrate the life of John Kale Kalekyezi at Isaaza Grounds in Kisoro Municipality. Below is the
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Samsung Electronics chief executive Kwon Oh-hyun has resigned citing an "unprecedented crisis". It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August. Mr Kwon is one of three co-chief executives of Samsung Electronics. His resignation comes on
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At least five students and a security guard have been shot and killed in a dawn attack at a secondary school in northern Kenya. The attack was allegedly led by a former student who had been suspended, the school's head teacher said. He is accused of returning to dormitories at
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A prominent opponent of Rwandan President Paul Kagame pleaded not guilty Wednesday to charges of forgery and inciting insurrection and said she was being prevented from accessing her case file to chart her defense. Any legal misstep in the trial of Diane Shima Rwigara could further mar the reputation of
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