Dubai-based private equity investor The Abraaj Group is set to acquire Kenya’s Java House Group for an undisclosed sum of money from Emerging Capital Partners (ECP). Abraaj Managing Partner and Global Head of Private Equity Mustafa Abdel-Wadood described the takeover as a calculated move to expand Java’s well-known culture and
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Barclays Bank of Kenya on Monday said it will on October 1 relocate seven branches across the country in a move to save cost. The lender however said the closure will not affect staff. “This is a consolidation move aimed at aligning our business to the current environment,” said Barclays.
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Ugandan tycoon and politician, John Ssebana Kizito is dead. The former Kampala city Mayor and presidential candidate who was 83, passed away on Monday morning at Nakasero Hospital in the capital Kampala. Ssebana was admitted to Nakasero Hospital’s intensive care unit in critical condition where by yesterday four health experts
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President Yoweri Museveni has today arrived in the Ethiopian Capital Addis Ababa for the 29th Ordinary Session of the assembly of Heads of State and Government of the African Union. The President who is accompanied by the First Lady and Minister of Education and Sports Janet Kataha Museveni were received
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Samsung is releasing a new phone using parts from its Galaxy Note 7, which was axed after a battery fault led to some devices catching fire. The firm said the Note Fan Edition would "minimise the environmental impact" of its high-profile flop. The handset will go on sale only in
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The head of two Montessori schools in New York won’t let parents pay by credit card - but he is accepting Bitcoin. Marco Ciocca, co-founder and chairman of the Montessori Schools in Flatiron & Soho, added the option in June, after growing inquiries from parents. More places - including universities
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MTN Uganda has announced that its integrated marketing and communication function will, with effect from July 1 2017, be taken over by TBWA, following successful completion of a transition process from its former agency Metropolitan Republic. TBWA is part of the Omnicom Group that was recently appointed by MTN as
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The World Football governing body, FIFA has widened the scope of investigation into allegation that the President of the Uganda FA and other officials were involved in illegal sale of 2014 World Cup tickets. [caption id="attachment_2272" align="alignnone" width="634"] FIFA Boss Gianni Infantino[/caption] The development comes after the Ethics and Integrity
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Robert Sentamu Kyagulanyi says he will continue to use music as a strong tool for communication even as he heads to Parliament to represent Kyadondo East Constituency. Popularly known to his fans as Bobi Wine, the 35-year-old musician secured a landslide in the Kyadondo East by-election, beating four other candidates
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Ugandan teachers have for years cried foul over the meager and delayed salaries. A year can hardly pass without them going on strike or threatening to strike. Many complain that they cannot meet all their basic needs due to little pay. As a result, the quality of their standards of
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