The United States has urged Kenya to investigate properties and assets owned by elite families from South Sudan, including its president and his rival, who have enriched themselves in their country's civil war raging since 2013. Sigal Mandelker, the US Treasury's under-secretary for terrorism and financial intelligence on a tour
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British lawmakers are pressing the accounting regulator to divulge details of the misconduct that prompted it to slap unprecedented fines on accountants PwC and a former senior partner over a 2014 audit of now-collapsed retail chain BHS, Reuters reports. The Financial Reporting Council (FRC) overnight fined PricewaterhouseCoopers, one of Britain's
Read MoreSouth Sudan's rebel leader has agreed to meet with the country's president in Ethiopia next week. A spokesman for Riek Machar, who is under house arrest in South Africa, confirmed he had accepted Ethiopian Prime Minister Abiy Ahmed's invite to Addis Ababa on 20 June. The statement, which was emailed
Read MoreTwo would-be bank robbers almost had their escape scuppered by traffic in Ethiopia's capital Addis Ababa. The attempted bank heist happened late on Tuesday afternoon at the Bole branch of Abyssinia Bank. Two of the alleged robbers - one of whom is reported to be a security guard - fled
Read MoreThe Financial Intelligence Authority (FIA) has finalized its investigations into money laundering allegations against Justine Bagyenda, the former Bank of Uganda Executive Director in charge of Supervision. FIA Executive Director Sydney Asubo says they (FIA) have already handed over the report findings to police and the Inspector General of Government (IGG)
Read MoreUganda's tax body, the Uganda Revenue Authority (URA) has revealed that taxes on the Holy books have been scrapped. The revelation was made by Vincent Seruma, the authority's Assistant Commissioner Public and Corporate Affairs at the URA Headquarters in Kampala on Wednesday morning. "The taxes on Bibles and Qurans have
Read MoreThe Ugandan army has spoken out on reports that the former Inspector General of Police (IGP) General Kale Kayihura has been arrested by the instituion. According to a statement issued by the army spokesperson, Brigadier Richard Karemire, the former IGP was summoned by the Chief of Defence Forces (CDF) to
Read MoreKwese iflix, the joint venture of Econet Media and iflix, an entertainment service for emerging markets Tuesday announced the launch of its premier digital entertainment platform in Uganda with industry leader MTN. The all new Kwese iflix service offers users the ultimate entertainment, featuring Kwese’s extraordinary content offering including the
Read MorePolice on Wednesday arrested Mukono Municipality MP Betty Nambooze to help with investigations over statements on social media which security agencies suspect led to the killing of Arua Municipality MP Ibrahim Abiriga on Friday. However, the legislator has been released. On Tuesday, local media reported that police were investigating the
Read MoreThe 2026 World Cup will be held in the United States, Canada and Mexico after their joint bid beat Morocco's proposal to host it. The 'United 2026' bid was selected by Fifa member nations, winning 134 votes compared to 65 for Morocco, reports the BBC. The 2026 tournament will be
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