The Chief Executive Officer of Arise Holdings Ltd, which is DFCU Bank’s biggest shareholder, has resigned from the bank’s board of directors, throwing the future of the financial institution following it’s controversial takeover of Crane Bank into more turmoil . Mr Deepak Malik’s resignation, which was issued in a letter
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The Chairman of the DFCU Bank Group, Elly Karuhanga has revealed that the bank is preparing for new shareholders. Karuhanga told a local radio station that the bank is strong and that shares are being bought and sold by the company. Analysts believe that the remarks are admission that the
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Two of the best left wingers in the world do battle in Kazan tonight, and the relative success they have is likely to have a huge say on the outcome of the World Cup's standout quarter-final. Brazil versus Belgium brings us Neymar against Eden Hazard, opposing inside-forwards who start on
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Economic analysts have raised queries over DFCU Bank's Britain's 'abnormal profits' following reports that CDC is floating to secretly sell off its shares to another offshore company after reaping huge profits in the year 2017/18. CDC holds a 10% shareholding stake in DFCU Bank which it seeks to sell off
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Four mobile money agents have been arrested by Police for protesting against the Mobile Money tax. More than 50 mobile money agents and dealers marched from, Kibuye, in Entebbe to Parliament to present a petition to the Speaker, Rebecca Kadaga. They were however blocked by the police. Those arrested include
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One person was killed when unidentified gunmen attacked a convoy of humanitarian trucks belonging to a contractor of U.N. children’s agency UNICEF north of South Sudan’s capital Juba on Wednesday, according to the agency. Africa’s youngest nation has been gripped for nearly five years by a conflict triggered by a
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Troubled regional retailer Nakumatt has surrendered seven branches and retained a similar number in a new rescue plan that the firm’s administrator says is not dependent on any external capital injection or bank borrowing to succeed, the Daily Nation reports. Peter Kahi, the retail chain’s administrator, in a fresh affidavit
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Tanzanian multi-millionaire tycoon Rostam Aziz is currently in the process of selling off his remaining shares in public-listed Vodacom Tanzania, the country’s largest mobile telecom company. According to a report by Tanzania’s Citizen newspaper, the Tanzanian businessman is selling off his 26.25% stake in the company to Vodacom Group of
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Speaker of Uganda’s Parliament Rebecca Kadaga has threatened to punish MPs found of dodging Committee meetings. In a letter dated 7th June 2018 to one of the culprits, ailing Betty Nambooze, the Mukono Municipality MP, Kadaga detailed the lawmaker’s perpetual absenteeism and threatened to take action if she keeps up
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President Yoweri Museveni has revealed how telecoms have been cheating Uganda, insisting that social media and Mobile Money taxes must stay despite public outrage. Below is his statement he issued Wednesday evening. Dear Ugandans, Greetings. I am using social media to share with you the reasons for the social-media tax
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