Businessman Sudhir Ruparelia The controversy between Crane Bank and Bank of Uganda seems to be coming to an end after businessman Sudhir Ruparelia secured an injunction against the Bank of Uganda’s move to place Crane Bank (in receivership) under liquidation. The courts also barred the Central Bank from continuing with
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By Denis Jjuuko Almost a trillion shillings is lying idle in dormant bank accounts, the Bank of Uganda said at a presser recently. And if this money is not claimed in 10 years, it would be taken by the government. You can call it the Idle Money in Bank Accounts
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First Officer Vanita Kayiwa Ugandan women are rising in top positions in various areas. In aviation industry, women are doing a great job. Vanita Kayiwa, a First Officer (also known as second pilot in aviation) at Uganda Airlines is making Uganda proud globally. Kayiwa graduated from the East African Civil Aviation Academy
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By Dumisani Moyo, Marketing Director, SAP Africa Technology has transformed every aspect of our personal and professional lives, and has left no sector of the economy untouched. In the highly competitive retail sector, where consumers place a premium on convenience in their shopping experiences, the pervasiveness of technology has influenced
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A UPDF soldier guards a herd of cattle in Karamoja. There had been a resumption of cattle raids. The government has resumed disarmament exercise in Karamoja Uganda and its neighbors have been asked to make laws to criminalize cattle rustling despite traditional attitudes. Researchers say while cattle rustling has been widely
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The Minister of Security Maj. Gen Jim Muhwezi (pictured) is the Ugandan minister cited in the Pandora Papers as having secret offshore properties. On Monday, the International Consortium of Investigative Journalists-ICIJ released the now-famous Pandora Papers where it reviewed more than 11 million documents from 14 organizations that help powerful
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Ronald Muyanja, the Trading, Global Markets Head at Stanbic Bank Uganda Business sentiment in Uganda’s private sector remained positive but slow in September on account of new orders and higher output, according to the monthly Stanbic Bank Purchasing Managers Index (PMI). The headline PMI registered 52.5 in September compared to
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By Hassan Kitenda People have often asked if real estate is a risky investment? This is a question that will continue to be subject to numerous debates. Real estate is a pretty good option to invest in your money it's one of the best ways to build wealth, and no
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UCDA MD, Dr. Emmanuel Iyamulemye (Left) and British High Commissioner to Uganda, Kate Airey discuss coffee samples (on the table) at the UCDA lab at UMA, Lugogo recently. Uganda’s Coffee exports for the 12 months (Financial year 2020/21) amounted to 6,078,638 60-kilo bags worth US$ 559.26 million compared to 5,105,881-kilo bags valued
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Brazil coffee affected by frost. Brazil is now predicting its coffee crop will shrink by more than 25% this year/Courtesy photo Brazil’s crops have been scorched, frozen and then dried out by the worst drought in a century, upending global commodity markets. No country on Earth puts more breakfasts on
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