The Illuminati have come into play in the recent women murders in Nansana Municipality and Katabi Town Council, Entebbe, government has said. This Thursday afternoon Minister of Internal Affairs, Jeje Odongo tabled an 8-page statement before Parliament explaining the recent murders of 21 innocent women. The murders take a similar
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Property mogul Sudhir Ruparelia, the proprietor of Crane Bank ( under receivership) wants Bank of Uganda (BoU) lawyers, MMAKS Advocates and AF Mpanga out of the case in which the Central Bank sued him for allegedly causing financial loses to the Bank (Crane Bank) on grounds that they have conflict
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Credit from commercial banks to the private sector plays a big role in the development of a country. However, despite Uganda having 24 banks, credit to the private sector generally remains low, a thing that affected Uganda’s economic development. Financial inclusion (manifested in the number of Ugandans who operate an
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The U.S. African Development Foundation (USADF) in collaboration with partners Power Africa and GE Wednesday announced the winners of the 2017 Women in Energy Challenge in Uganda, where only 20% of the population is connected to electricity. Joint Energy and Environments Projects (JEEP) and Conservation and Development Uganda Limited (CODE)
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Profits recorded for Ugandan banks in 2017 are set to drop as effects of the hard economic times begin to manifest. In 2016, banks registered huge profits, having concentrated their efforts on recovering Non-Performing Loans (NPLs) while remaining cautious towards lending. Consequently, total industry profit increased to Shs676.73bn in 2016,
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The Lotteries and Gaming Regulatory Board (LGRB) came into existence in 2016 following the enactment of the Lotteries and Gaming Act, 2016. In an interview with Business Focus (BF) on August 15, at their head offices at Communications House in Kampala, Edgar Agaba (EA), the Chief Executive Officer at LGRB
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The Uganda Shilling was broadly stable for the week ending 18th August 2017 supported by inflows from coffee exports and other commodities against very low demand. Trading was in the range of 3695/3605. In the interbank money market, overnight funds traded at 7% while 1 week money traded at 10%.
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Centenary Bank and StarTimes on Thursday signed a partnership that will see the bank’s customers acquire affordable StarTimes high quality digital TV sets and accessories under an Asset Financing Loan Scheme. The deal was inked at Centenary Bnak head offices at Mapeera House in Kampala. Customers will be able to
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Adult HIV prevalence in Uganda is higher among women at 7.5% compared to 4.3% among men, a latest survey about the state of HIV in Uganda indicates. It was also higher among residents of Urban areas (7.1%) compared to 5.5% in rural areas. The Uganda Population HIV Impact Assessment (UPHIA)
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dfcu bank has overcome the challenging economic environment to post an impressive Shs114bn net profit in half year results for 2017, up from Shs23.3bn in June 2016. This impressive performance follows dfcu’s acquisition of Crane Bank early this year-at an undisclosed fee. According to dfcu, certain assets and liabilities acquired
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