Every few days, Tasiu Abdurrahman takes the money he makes from selling spices in Nigeria’s biggest northern city and buries it in his yard, reports Bloomberg. The 55-year-old closed his bank account eight years ago after growing disillusioned with standing in long lines for hours to deposit or withdraw cash.
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By AFP Sudan says the signing of a "preliminary" power-sharing deal between South Sudan's foes has been postponed as the warring factions have yet to fully agree on the draft. Khartoum, as part of regional efforts to end the conflict, has hosted a round of peace talks since June between
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The Uganda shilling surrendered some of its recent gains, undercut by a rebound in demand by from commercial banks, energy and manufacturing during the week ending 20th July 2018. Trading was in the range of 3735/3745. In the interbank money market, overnight funds traded at 6% while one week funds traded at
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Dr. Mark Mutebi (not real name) runs a clinic in Mukono Municipality. He offers diversified laboratory services to the communities in and around the municipality. All the laboratory services and other clinical records done using computers, are dependent on reliable electricity supply. However, lately, Dr. Mutebi, like many other residents
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The High Court in Kenya has suspended the implementation of new taxes imposed under the Finance Bill 2018, including those on mobile money and kerosene, Business Daily reports. Justice Wilfrida Okwany issued the directive saying there will be no practical way of compensating Kenyan taxpayers who would have already been
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By Mirror: Paris Saint-Germain have opened the door on Neymar leaving the Parc des Princes - with Real Madrid still eager to secure a superstar signing. Spanish giants Real have been constantly linked with Brazilian Neymar since he completed a world record £198million move to Ligue 1 last summer. The
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Government has revealed that Dr. Aggrey Kiyingi is behind ‘empty’ security threats of armed attacks on Uganda that have been circulating lately. This follows the security threats which circulated on social media platforms of an "armed attack" on Uganda that was to take place between 16th and 17th July 2018.
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Money stashed by rich Kenyans in Switzerland banks rose last year even as pressure against financial secrecy by Swiss and Kenyan authorities mounted. The total amount went up 4.3 per cent to Swiss francs 950 million (CHF) or about KSh96 billion (UShs3.5 trillion) last year from 911.4 million or about
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South Sudan's President Salva Kiir says he's ready to accept a peace deal that would end years of civil war in the world's youngest country. The agreement being negotiated with his rival Riek Machar would give the country five vice presidents, and covers power sharing and security. A permanent ceasefire
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Foreign Affairs Minister Sam Kutesa has called for increased investments targeting livelihood enhancement. Kutesa made the plea during events commemorating the 66th anniversary of the Egyptian revolution, a day defined as a turning point in the history and independence of Egypt. Kutesa observed that although Egypt has supported the political,
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