Many multinationals like to brand along the lines of Africa, but in their ways do little to live the African values. But recently I saw an exception. Ecobank trades as the pan African bank. At the unfortunate death of their company Secretary (Annette Mwiriza Mukunda) and an amazing friend to
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Barring a recent slowdown, Uganda has achieved robust economic growth over the past decade; with positive per capita GDP and a higher average growth rate than that for sub-Saharan Africa (Figure 1). Whilst, this positive economic performance is mostly attributed to domestic factors such as sound macroeconomic policies and strengthened
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VG Somasekhar, who transformed Airtel Uganda, is returning to the telecom firm three years after he was recalled to Airtel Africa head offices as Director – Special Projects. His return could prove to be an industry game-changer considering his history. On Auguts10, 2017, Airtel Uganda confirmed Somasekhar’s return as Managing
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Uganda’s economic recovery may take a little longer going by the rate at which private sector credit is growing. Latest statistics from Bank of Uganda (BoU) and Ministry of Finance, Planning and Economic Development indicate that lending to the private sector has been subdued since 2017 started despite easing in
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By Godfrey Kenneth Gobba For someone to have a comfortable income during their long prestigious and flamboyant corporate working career and then end up a flat broke financial vegetable during their retirement is indeed a big shame. After years of wearing expensive suites, driving fuel guzzling SUV’s, the frequent travels
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Whenever Kenya, East Africa’s largest economy goes to the polls, Uganda and other EAC member states suffer trade disruptions. The bloody 2007/8 elections massively disrupted business in Kenya and the East African region at large, with a number of Ugandan traders losing their merchandise worth billions. There was a shortage
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By Godfrey Kenneth Gobba Millions of people are busy toiling day and night so that they can save enough money to buy land. The average individual tends to look at a land title with their name on it as a sign of financial accomplishment even if most of the time
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The controversial collapse of Crane Bank, Uganda’s then 4th largest bank in terms of assets has been in the news since the last quarter of 2016. On October 20, 2016, the Bank of Uganda (BoU) announced that it had taken over the management of Crane Bank Ltd after the bank
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FR. GAETANO WRITES TO MUSEVENI ON AGE LIMIT Mr President, you still have a chance to salvage your image. Mr President, I want to believe that you still remember in 1996, I was on your team that was soliciting for votes in Kigezi region. On that team, which was chaired
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On July13, 2017, the Bank of Uganda (BoU) said it had sanctioned the filing of a suit against Sudhir Ruparelia and Meera Investments Ltd to recoup funds that were fraudulently extracted from, as well as losses that were caused to Crane Bank. BoU filed a civil suit at the Commercial
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