Uganda has been ranked 3rd in a survey on financial and digital inclusion by a US-based public institution, helped by the wide adoption of mobile money in the local economy. Brookings Institution’s Centre for Technology Innovation, a non-profit organisation based in Washington DC, in its latest report put Uganda 3rd
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Uganda’s richest man Sudhir Ruparelia has exposed Bank of Uganda (BoU) lawyers, MMAKS Advocates and AF Mpanga in new evidence adduced before Uganda’s High Court, Commercial Division. Last Wednesday Sudhir told Court that he wanted the lawyers in question out of the case in which the Central Bank sued him
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President Yoweri Museveni has said that land tribunals will shorten the time of appeal for discontented landowners when the Land Law is amended. The President, who was accompanied by the Minister of Agriculture, Animal Industry and Fisheries, Vincent Bamulangaki Ssempijja, State Minister for Lands, Persis Namuganza, Deputy Attorney General, Mwesigwa
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Makerere University has been ranked the 5th best in Africa, according to The Times Higher Education World University rankings released last week. The best University in Eastern Africa lost two positions given the fact that in the previous ranking it was 3rd best in Africa. The University of Cape Town
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President Yoweri Museveni has said that government has the right to takeover land for public use, urging Ugandans to cooperate with government for development. He also condemned people who make fake and exorbitant claims as compensation for their pieces of land that government wants to acquire to pave way for
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China leads the top 10 countries making millions of dollars in exports to Uganda, according to figures released by Bank of Uganda on August3, 2017. The ranking is based on the latest month (June) in the report. In total, Uganda’s expenditure on imports stood at US$416.31m (Shs1.49 trillion) in June,
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The Uganda shilling maintained a firm stance, trading in the range of 3595/3605 supported by improved inflows mainly from commodities. Demand remained low during the week ending 8th September 2017. In the interbank money market, there was sufficient liquidity; rates remained stable with overnight funds trading at an average of
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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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