The Minister of Finance, Planning and Economic Development, Matia Kasaija has apologised to Parliament for reportedly disowning Mobile Money Tax. This is after he received a letter from the Speaker that he should apologise to the House and set the record straight why he said the controversial tax was passed
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City socialite Charles Olim aka SIPAPA has been rearrested for public nuisance and inconsiderate use of motor vehicle. Olim was arrested from Kiseeka market following distress calls from business operators. His arrests have always come after public outcry about his impunity on the roads. “Police now warns celebrities, civil servants
Read MoreBy Peter Abaanabasazi Kikuube The Marine Police unit has banned the sailing of people without lifesaving gadgets on the waters of Lake Albert. This was revealed by Michael Walwanga, the Deputy Commandant Marine Police Unit while receiving life-saving and rescue equipment donated by International Organization for Migration (IOM) to the
Read MoreThe national carrier of Uganda, has signed a memorandum of understanding for two A330-800neo, the new version of the best-selling A330 widebody airliner, featuring new wings new Rolls-Royce’s latest-generation Trent 7000 engines, new systems and a new Airspace cabin interior, according to Airbus. The agreement was announced at Farnborough airshow
Read MoreAfrica’s Richest Man Dangote Gets Shs2.4Trn Loan For Oil Refinery
Dangote Group, the West African conglomerate founded by Africa’s richest man, Aliko Dangote, has signed a $650 million (Shs2.4 trillion) loan facility with the African Export-Import Bank (Afreximbank) to enable him complete the $10 billion (Shs37.4 trillion) oil refinery and petrochemical complex he is building in Lekki, Nigeria. According to a
Read MoreKenya’s flagship railway project registered losses of $100m (UShs374.5bn) in its first year of operation, according to the transport ministry, the BBC reports. The China-funded standard gauge railway - which links the coastal city of Mombasa to the capital, Nairobi, - was funded by a $3bn (UShs11.2 trillion) loan from
Read MoreThe State Minister of Health - General Duties, Sarah Opendi has revealed that there are no records showing forced circumcision of male babies is taking place in Busolwe hospital in ButaleJa district as claimed. In a statement dated July 18, 2018 to Parliament, Opendi says in October 2017, only two
Read MoreKenya Gets First Locally Licensed Online Foreign Exchange Trading Platform
By Reuters EGM Securities has launched Kenya’s first locally regulated foreign exchange electronic trading platform, opening up domestic forex trading to a broader range of investors, EGM’s chief executive said on Wednesday. Kenyan investors who wished to trade currencies on the Internet have previously had access to international brokers,
Read MoreEquity Group has tapped long-serving manager Mary Wangari Wamae as its new group executive director overseeing the business' subsidiaries. Ms Wamae, who has been Equity’s Company Secretary and Director for Strategy and Legal Services, becomes the senior-most woman executive at the bank and next in hierarchy to Group Chief Executive
Read MoreDiamond Trust Bank Uganda (DTB) announced at the Uganda Bankers’ Association Conference Tuesday that they will be offering Mastercard’s premium card payment solutions in the country, which includes the Mastercard Gold Debit Card and Platinum Credit Card. DTB will be the first issuer of Mastercard credit cards in Uganda. Dr.
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