The Bank of Uganda (BoU) has clarified on the alleged funds the Central Bank ‘hid’ in a ‘secret’ foreign account. In a statement issued on Sunday, Christine B. Alupo, the Director Communications at BoU said that the alleged information is erroneous and misleading. Below is BoU’s full statement: There have
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Kansai Plascon Africa Limited, a subsidiary of Japan based Kansai Paint Co, with major operations in China, Asia, the Middle East, Europe and South Africa has purchased Sadolin Paints in Uganda and other East African Countries. This was revealed on Thursday by Chris Nugent, the Sadolin Uganda Managing Director during
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The search for the winner of Discovery Channel's brand new award category at the sixth annual Jozi Film Festival has heated up. After receiving over 200 entries from across the continent, Discovery Channel on Monday announced the Top 10 finalists for the Discovery Channel 'Don't Stop Wondering' Award. Among the
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Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a
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Empty plastic bottles (waste) remains a challenge in keeping Kampala and other towns across the country clean. However, Christine Ddamba, 23, a first year student at St. Lawrence University (SLAU) is turning this waste into precious furniture; she makes different types of furniture from empty plastic bottles and paper rolls.
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Telecommunications giants, MTN Uganda on Friday announced a three year landmark sponsorship deal towards KCCA Football Club activities. Announcing this sponsorship, MTN Uganda Chief Executive Officer, Wim Vanhelleputte remarked, “Today we launch a partnership between two winning teams. MTN Uganda is therefore proud to sponsor KCCA FC sporting activities to
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The Public Relations Association of Uganda (PRAU) on Thursday morning unveiled the 2017 PRAU Excellence Awards with a call for entry to individuals, organisations and agencies that wish to participate in the prestigious awards, the 7th edition of its kind since they were formed. The PRAU Excellence Awards celebrate the
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The Bank of Uganda (BoU) has cautioned the public against investing in Ponzi schemes. A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. BoU explains that money invested by clients is not invested in any legitimate business but used to pay
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Ten teams of 21 budding African social entrepreneurs were on Wednesday selected as winners of the Resolution Social Venture Challenge at the Baobab Summit in Johannesburg. Winning teams earn a fellowship that includes seed funding, mentorship and access to a network of young global change makers to pursue impactful projects
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The sixth edition of the coveted Innovation Prize for Africa (IPA) culminate on Monday with a bang as the African Innovation Foundation (AIF) awarded three more African innovators for their incredible innovations. The awards ceremony took place in Accra, Ghana. Out of the total of over 2500 applications, 10 nominees
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