Bank of Uganda (BoU) officials were Tuesday quizzed on why the Central Bank continues to pay billions of tax payers’ money to external lawyers despite having a legal department with one of the best lawyers in the country. The officials led by BoU Deputy Governor, Dr. Louis Kasekende had appeared
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The bribery scheme was hatched in the halls of the United Nations in New York and spanned several continents. Chi Ping Patrick Ho, Hong Kong’s former Home Secretary, and Cheikh Gadio, a one-time foreign minister of Senegal, plotted to bribe high-level African officials to secure business rights for a Shanghai-based
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Zimbabwe's former vice-president, whose sacking led to last week's army takeover, has urged President Robert Mugabe to resign immediately. Emmerson Mnangagwa said he fled abroad two weeks ago when he learned of a plot to kill him, and he would not return until he was sure of his security. The
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A top Zanu-PF official and an ally of First Lady Grace Mugabe has tweeted that he and other 50 party officials are outside the country. Jonathan Moyo tweeted that he is "relatively fine". The tweet has however been deleted but the BBC manged to get a screengrab of it: [caption
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President Paul Kagame of Rwanda has awarded Nigerian multi-millionaire business mogul Gilbert Chagoury with the national order of friendship medal ‘Igihango’, one of the highest national honors in the East African country, reports Forbes. In a ceremony in Kigali on Saturday, the President bestowed the honor on the Nigerian business
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The Kenyan shilling strengthened, the Eurobond rallied and the stock market remained cagey after the Supreme Court upheld President Uhuru Kenyatta’s win on Monday morning. Reuters quoted the shilling at 103.60/80 per dollar after the unanimous verdict was delivered, from 103.80/90, where it was trading earlier. Analysts say that the
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Uganda's President Yoweri Museveni has challenged Ugandan communities that there can not be a successful fundraising drive for any developmental venture if the homesteads within the communities are poor and living in abject poverty. “When the bishop invited me to come here for the church fundraising drive, I thought the
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Kenya’s Supreme Court on Monday unanimously upheld the re-election of President Uhuru Kenyatta in last month’s repeat presidential vote, paving the way for him to be sworn in next week. Chief Justice David Maraga said all six judges dismissed the two legal challenges to the vote, but the opposition NASA
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Zimbabwe's long-time president Robert Mugabe has agreed to the terms of his resignation and a letter has been drafted, an official source with direct knowledge of negotiations told CNN The source said that the generals had given into many of Mugabe's demands including full immunity for himself and his wife
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With Robert Mugabe's hopes of handing power to his wife in Zimbabwe over, which political dynasties are still going strong elsewhere in Africa? Since the 1990s, multi-party elections and peaceful transfers of power have become far more common on the continent but quite a few current leaders have succeeded their
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