Dfcu Bank is set to lose its major and oldest investor, CDC. CDC, Britain’s oldest Development Finance Institution, joined hands with the Government of Uganda in 1964 to set up Dfcu. CDC’s investment in Dfcu, according to the institution’s official website, is US$15.1m (equity) and US$10m (subordinated loan) As of
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The Out grower farmers supplying sugarcane to Kakira Sugar Ltd Monday, 2nd July 2018 suspended supply of sugarcane to the factory in angry protest against the application of 1% withholding tax on agricultural supplies. In a press statement dated July2, 2018, Christian Vincke, the General Manager at Kakira Sugar Limited
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South Sudan's government has proposed a bill that would extend President Salva Kiir's term in office for three more years. If it is passed, Mr Kiir would serve until 2021, a total of 10 years in office. The opposition has condemned the move, saying it violates the spirit of the
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Residents of Bugulumbya and surrounding areas in Kamuli district Sunday received free medical services at a free Airtel Uganda community health fair. The fair was held at Kasambira SDA Primary School and was presided over by Honorable Isaac Isanga Musumba. In partnership with The Hind’s Feet Project, a Non-Profit Organization
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Uganda will remain among the fastest growing economies in Sub-Saharan Africa and globally, a new report by rating agency Moody’s says. “We expect growth to remain highest in Rwanda and Tanzania. By and large, our expectations for real GDP growth rates of 5-6 per cent in Uganda and Kenya, and
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Bringo Fresh, a platform that lets individuals order fresh produce online and have it delivered to their doorsteps has been launched in Uganda. This comes at a time when Ugandan farmers are faced with a number of produce marketing challenges. Consumers on the other hand, brave a number of inconveniences
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Kenyan writer Makena Onjerika has said she was surprised to hear her name called as this year's winner of the prestigious Caine Prize for African Writing at Monday night's award ceremony. She was among a shortlist of five authors in the running for the £10,000 (UShs51m) literature award Onjerika's story,
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Punters in Wobulenzi, Luweero and Lira ‘tasted’ Fortebet’s World Cup (W/C) special offer to its clients. This give-back offer was in form of gifts that were given out in all the four Fortebet branches which include Lira Main, Lira Dillane House, Lira and Lira Teso Centre. [caption id="attachment_14512" align="aligncenter" width="533"]
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The interdiction of Uganda Investment Authority (UIA) Executive Director Jolly K. Kaguhangire by the Board over “serious corruption allegations” and “abuse of office” has widely been debated. In a letter dated June 26, 2018, Emely Kugonza, the Chairman, UIA Board of Directors said Basil Ajer, the Director SME & STI
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Ecobank Uganda has launched a transact and win promotion geared at driving utilization of the bank’s state-of-the-art Ecobank Mobile App under the tagline “putting power at your fingertips.” Speaking at the launch event on Sunday at Riders Lounge during the Australian Formula One Grand Prix that attracted Uganda’s top corporates,
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