By AFP Facebook reported Wednesday that its quarterly profit plummeted due to the cost of a US privacy settlement and forecast that regulation would slow its money-making ad machine. Profit in the second quarter fell 49 percent from a year ago to Sh270.4 billion (USD 2.6 billion) while revenues increased
Read More
MPs have rejected a statement issued by Minister of State for Internal Affairs, Obiga Kania on delayed issuance of issue National Identification Cards (NIDs) by the National Identification Authority (NIRA), saying it fell short of solving the problem at hand. Obiga explained that there is a serious backlog which affects
Read More
Henry Rotich was appointed finance minister in 2013Image caption: Henry Rotich was appointed finance minister in 2013 Kenya’s Finance Minister Henry Rotich has been sacked - a day after he was arraigned in court on charges of corruption. Labour Minister Ukur Yattani has been seconded to the role in an
Read More
Friday, July 19, 2019, marked the end of the 2019 Africa Cup of Nations (AFCON), a spectacular tournament that had people glued to their screens for the month of its duration. Africa moved to the rhythm of AFCON 2019, with more than 10 million people choosing Facebook to share their
Read More
The Deputy Speaker of Parliament, Jacob Oulanyah, has said that businesses in Uganda collapse due to unexpected events in the financial sector and has called for mergers to help them survive. Oulanyah said that mergers and acquisitions are a subject that ought to be embraced by entrepreneurs to keep their
Read More
Alliance for National Transformation (ANT) leader, Mugisha Muntu has said his party will work together with so called 'pro change forces' in a bid to 'oust the regime' of President Yoweri Museveni. Munti was commenting on the news that Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine had unveiled his
Read More
Orient Bank has partnered with Prudential and International Air Ambulance (IAA) to officially launch a combined Medical and Life Insurance cover dubbed MedLife. This is a totally new product compared to what is already on the market which separates Medical and Life Insurance into two products. Speaking at the launch
Read More
Moses Atwine (in featured photo), the Acting Director Physical Planning at Kampala Capital City Authority (KCCA) was wrongly appointed to the position he is currently holding,the Chairperson of the Public Service Commission, Justice Ralph Ochan has admitted. Justice Ochan made the shocking revelation while appearing before the Committee of Commissions,
Read More
As a measure to enforce the government ban on alcohol sold in sachets, the Uganda National Bureau of Standards has closed over 167 sachet-filling machines belonging to at least 37 alcohol-manufacturing companies. The operation was conducted in Kampala, Wakiso, Mukono, Jinja and Mitiyana. UNBS staff also seized and confined packaging
Read More
Kyadondo East lawmaker Robert Kyagulanyi aka Bobi Wine has unveiled the team he believes will make him the country's number one. Bobi unveiled the team on Wednesday morning at his home in Magere, Kampala. The musician turned politician recently announced his intentions to challenge President Yoweri Museveni for the country's
Read More
