Uganda’s leading power distributor, Umeme has revealed that it isn’t panicking over the uncertainty surrounding its contract renewal. The remarks were made by Patrick Bitature, the Umeme Board Chairman while addressing the press at Sheraton Hotel on Thursday after the company’s Annual General Meeting (AGM). “We are not in panic
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dfcu bank Chief of Business & Executive Director, William Sekabembe has revealed that banks that will not invest in technology are set to become obsolete. “Our commitment is to invest in technology. If banks don’t invest in technology, they will become irrelevant,” Sekabembe said, adding: “We are enhancing our technology
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The Uganda Revenue Authority Headquarters twenty two (22) floor building is set to be completed by end of August this year, the tax body officials have revealed. The state-of-the-art building is divided into four podiums and eighteen tower floors totaling to 26,021 square metres. The project also provide for a
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Ford Motor Company and its distributor, Cooper Motors Corporation (CMC) Uganda on Tuesday unveiled the all-new Ford Everest at a media breakfast briefing held at the CMC headquarters in Nakawa. The Everest is designed to be sporty and tough and offers a bold design, advanced technology, exceptional off-road and on-road
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Al Ahly football committee accepted the resignation of head coach Hossam El-Badry after the team lost to KCCA FC 2-0 in the second fixture of the CAF Champions League Group Stages, reports Egyptian based kingfut. El-Badry’s season took an unexpected turn as the Red Devils failed to find victory in their
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Barclays Africa Group Ltd shareholders Tuesday approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time. “The vote in support of our name change in July marks another milestone in
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The Government of Uganda through the Ministry of Energy and Mineral Development has signed the Memoranum of Understanding(MoU) with the China National Nuclear Corporation (CNNC) on cooperation in the peaceful use of nuclear energy. The MoU was signed in Beijing on 11 May 2018 by CNNC Chairman Wang Shoujun and
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Ugandan banks have recorded high Non-Performing Loans (NPLs) and bad loans written off in recent years due to high interest rates and a sluggish economy that have forced many borrowers to default on their loans. Business Focus exclusively ranked banks with most loan defaulters/NPLs basing on the results banks have
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Uganda Revenue Authority (URA) has vowed not to allow Uganda become a mafia economy by crushing the sophisticated smugglers. The remarks were made by Dicksons C Kateshumbwa, the Commissioner Customs at URA during meeting with digital media editors and influencers at the tax body’s head offices in Nakawa on Friday.
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Fortebet, Uganda’s biggest betting company has paid out to the winner from Arua Shs49m. On Thursday morning, the winner, Kasul Acidri came to Fortebet head offices in Kololo to pick his money. As usual, whenever a Fortebet customer wins, he is paid out without any delays, and this is what
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