Housing Finance Bank (HFB) Friday October 26, 2018 announced the departure of Mathias Katamba (in featured photo) as its Managing Director. In a statement, David Geoffrey Opiokello, the HFB Chairman Board of Directors said Michael K Mugabi had been appointed Katamba’s successor-in acting capacity. Industry sources have heavily linked Katamba
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The URA FC Board sitting on the 26th October 2018 appointed Ivan Kakembo as the new CEO of URA FC. The previously SC Villa CEO has been given a one year renewable contract effective 1st November 2018. URA believes that Kakembo has the necessary expertise to lead the ‘dream team’.
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Airtel Africa Ltd, a UK incorporated subsidiary of Bharti Airtel Ltd., today announced that six leading global investors comprising Warburg Pincus, Temasek, Singtel, SoftBank Group International and others have agreed to invest USD 1.25 billion (UShs4.7bn) through a primary equity issuance in the company at a post money equity value
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Tropical Bank Uganda has fired its Managing Director, Sameh M. Krekshi (in featured photo) on orders of Bank of Uganda, Business Focus exclusively reports. According to the termination letter dated October1, 2018 seen by this site, Gerald M. Ssendaula, the Bank’s Board Chairman accuses Krekshi of overdrawing his account contrary
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Many people around the world are familiar with Aliko Dangote, a Nigerian who is often described as Africa's richest man. But Isabel dos Santos (in featured photo), 45, an Angolan businesswoman, is Africa's richest woman and the eldest child of Angola’s former President José Eduardo dos Santos, who was in
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Controversial former information minister, Kabakumba Masiko has partnered with three former Members of Parliament (MPs) who failed to win back their seats in the 2016 general elections to venture into the ‘mushrooming’ labour recruitment and export business, Business Focus exclusively reports. The four former MPs have already registered their company,
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The European Union is supporting the Government of Uganda to revitalise railway transportation in Northern Uganda On Wednesday, the European Union approved to finance the project for the rehabilitation of the Tororo-Gulu railway. A grant of EUR 21.5 million will be disbursed from the European Development Fund (EDF) to rehabilitate
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Middle East Consultants Ltd (MECL), Uganda’s leading labour recruitment and exporting agency has revealed that it will soon start exporting Ugandans to China for lucrative jobs. This was revealed by MECL Managing Director, Gordon Mugyenyi in an exclusive interview with Business Focus at the sidelines of the National Symposium and
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Tuesday, 16th October 2018 Lesotho Likuena Vs Uganda Cranes At Setsoto Stadium, Maseru Uganda Cranes has a chance to seal the 2019 AFCON slot on Tuesday, 16th October 2018 with a victory away to Lesotho (provided Tanzania fails to beat Cape Verde in Dar es salaam). Currently, the Cranes have 7 points
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The Uganda National Bureau of Standards is collaborating with the British Standards Institution (BSI) under the Commonwealth Standards Network (CSN) Programme, which will support UNBS to achieve its strategic objectives and support agricultural and other value chains in complying with international best practices. The Programme will support finalisation of the
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