Uchumi Supermarkets has signed a return-to-work formula with its workers following a strike over non-payment of the May and June salaries, which paralyzed the retail chain’s operations. The deal signed yesterday between the supermarket and the Kenya Union of Commercial, Food and Allied Workers (Kucfaw) requires Uchumi, which has about
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By Godfrey Kenneth Gobba Placing All Your Bets On Social Security “I don’t need to worry about retirement because I have social security and my company payout is a mouth watering figure,” some people say. But do you personally know someone or have heard of someone who retired, received their
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Uganda National Bureau of Standards (UNBS) has revealed a list of fake electrical products flooding the Ugandan market. In a statement issued on June3, 2017, the standards agency warns the public against buying the said electrical and electronic products. “Uganda National Bureau of Standards will continue to seize these products
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Kampala Capital City Authority (KCCA) Executive Director, Jenifer Musisi has asked Sarah Kizito, wife to former boxer and Kampala Central LIII Chairman, Godfrey Nyakana to pay Shs900m losses incurred by National Water and Sewerage Corporation (NWSC) as a result of a spat involving the City Authority and the businesswoman. Musisi
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On June28, 2017, ailing regional retailer Nakumatt closed three of its top branches in Uganda. In a statement released by Knight Frank Uganda on Saturday, the retailer, which is wallowing in dire financial woes, said its stores in Acacia Mall; Kololo, Village Mall, Bugolobi and Victoria Mall, Entebbe were on
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Dubai-based private equity investor The Abraaj Group is set to acquire Kenya’s Java House Group for an undisclosed sum of money from Emerging Capital Partners (ECP). Abraaj Managing Partner and Global Head of Private Equity Mustafa Abdel-Wadood described the takeover as a calculated move to expand Java’s well-known culture and
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Ugandan teachers have for years cried foul over the meager and delayed salaries. A year can hardly pass without them going on strike or threatening to strike. Many complain that they cannot meet all their basic needs due to little pay. As a result, the quality of their standards of
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Uganda Development Bank Limited (UDBL) has announced five strategic sectors to enhance their target of achieving the 2nd Development Plan. Speaking at the breakfast meeting held at the Hotel Africana on Thursday, Patricia Ojangole, the UDBL CEO said that the bank has approved Shs70bn to finance key economic sectors. “UBDL
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dfcu Bank, in partnership with Enterprise Uganda, on Tuesday announced that it will hold 12 business clinics for its Small and Medium Enterprise (SME) customers. The announcement was made during a press briefing which also doubled as the first training session at Mackinnon Suites. The clinics will be held over
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You’ll never get rich working for someone else, or so they say. Many feel the risky, adventurous life of an entrepreneur is the surefire pathway of becoming a millionaire but what if you're happier and more comfortable working for a boss who pays for your medical insurance? According to some
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