Fraudulent suppliers colluded with Uchumi employees to fleece the retailer through fictitious claims that contributed to its collapse, the supermarket chain has told the High Court. Court papers filed in Uchumi’s fight with one of its suppliers have revealed how the fraud was propagated by the retailer’s employees, suppliers and
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Money - although it’s just paper, coins, or plastic- is a powerful force that controls many aspects of our lives. By understanding it better, you will be able to master it and work it to your advantage. 1. Don’t chase money, attract it Many people tire themselves “hustling” in an
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The late Rtd IGP John Kisembo was born on the 1st October, 1955, to the late Francis Xavier Sembaya and Florence Byahurenda Amooti of Kitema Village, Mugalike parish, Kagadi District, previously the Greater Hoima District. He started his education in 1963 and completed his Primary Leaving Education in 1969. He
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Uganda Revenue Authority (URA) registered impressive and improved performance during the fiscal year 2018/19 on the back of a higher than projected economic growth. During the FY 2018/19, the economy grew by 6.1% against the projected growth of 6%. In 2018/19, the tax body was given a net revenue target
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China's economy grew at its slowest pace since the early 1990s in the second quarter, official figures showed. In the three months to June, the economy grew 6.2% from a year earlier. The result was in line with forecasts. China has moved to stimulate its economy this year by boosting
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Uganda’s current state of the economy is worrying and requires urgent practical interventions if it is to transform. The figures used in this article are derived from a presentation delivered byRamathan Ggoobi, an analyst and lecturer at Makerere University Business School (MUBS) at the National Leadership Institute, Kyankwanzi on July
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There’s a video clip circulating on social media sites where Operation Wealth Creation (OWC) and Uganda Coffee Development (UCDA) officials accompanied by Police officers are seen throwing coffee they found being dried on bare soil in a nearby bush. This incident happened recently in Ntungamo district, western Uganda. The same
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Budadiri West lawmaker, Nandala Mafabi has backed State Minister for Investment, Evelyn Anite in the ongoing fight over management of troubled Uganda Telecom Limited (UTL); saying people running the telecom firm are simply milking it to death. In an interview at Parliament, Mafabi said that Anite is on the right
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A few months ago, I traveled to Wobulenzi town; about 46 kilometers North of Uganda’s capital Kampala to procure some Clonal coffee plantlets for my small coffee farm located in Kakumiro district, about 200kms –North-West of the city. It’s worth noting that many coffee nursery bed operators in the country
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The Stanbic Purchase Managers Index (PMI) for June 2019 signalled a further improvement in business conditions in the Ugandan private sector. At 57.8 in June, up from 57.3 in May, the survey reflected that Ugandan companies continued to secure greater volumes of output and new orders. In response, firms took
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