Kenyan banks are aggressively going after high-profile clients, including giant corporations and prominent billionaires, amid a fresh wave of corporate defaults that are leaving lenders with a pile-up of bad loans. Ecobank is the latest to tap the services of auctioneers as it moves to sell properties belonging to Kenyan
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Patrick Kiconco Katabbazi, the proprietor of Pathways Advocates has been given a five-day ultimatum to account for 39 billion Shillings advanced to his law firm to compensate 142 Kigezi tea nursery bed farmers. The affected tea nursery operators in the districts of Kabale, Rukungiri, Kanungu, Kisoro, Rubanda, Rukiga, Ntungamo, Mitoma,
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There is concern that the suspension by the World Bank of new loans to Uganda could influence other development finance institutions to take similar actions. If that happens, the country could be forced to take drastic measures and options to avoid the possible impact. The World Bank is Uganda's biggest
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By Jacques Vermeulen Africa’s large informal economy a key element of strategies to eliminate plastic waste Jacques Vermeulen- CEO, Coca-Cola Beverages Africa Plastic waste is a growing problem globally, with up to 12.7 million metric tons of plastic entering the oceans each year1. Plastic packaging is also an essential part
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UNBS staff with other stakeholders from Acholi in a group photo The Uganda National Bureau of Standards (UNBS) has rallied stakeholders in the Acholi Sub-region to join hands in the fight against the production and sale of substandard goods in a bid to promote food safety. This call was made
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L-R: Andrew Kabeera (Executive Director, PostBank), Japhet Aritho (Managing Director, Airtel Money), Edward Nkangi (Executive Director, Pride Microfinance), Hon. Kabuye Kyofatogabye (Minister of State for Kampala Capital City and Metropolitan Affairs), Micheal Mugabi (Managing Director, Housing Finance Bank) and Julius Kakeeto (Chief Executive Officer, PostBank) at the launch of the
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President Yoweri Museveni (pictured) has said that the country's private sector in farming and manufacturing are the ones developing and transforming Uganda. This he said is in spite of the inconsistencies by the "corrupt officials." "That is why inflation is now 3.9%, one of the lowest in the world," the President said in
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Government officials and representatives from different entities poses for a picture during the launch of the Uganda-South Africa Trade and Investment Summit dfcu Bank has been unveiled as one of the key strategic partners of the Uganda-South Africa Trade and Investment Summit which will take place in September at Speke Resort Munyonyo. The
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Arthur Mukembo (Left), Future Lab Studio Lead, Innovation Village, Frank Muthusi (2nd Left), Chairman Uganda Advertising Association and Kevin Kaija (Centre), Senior Product Manager (Afro-mobile), Chief Content Officer Next Media Services at the launch of Rifaly Smart Foundry, a Venture studio in Africa, in collaboration with leading organizations, has launched the Rifaly platform in Uganda, heralding a
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NAADS Executive Director, Samuel Mugasi National Agricultural Advisory Services (NAADS) officials found themselves in a challenging situation on Tuesday as they sought to address the concerns of the Public Accounts Committee on Commission, Statutory Authorities, and State Enterprises (PAC-COSASE). Their predicament arose from an irregular diversion of Shillings 7 billion.
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