The Minister of Finance, Planning and Economic Development, Matia Kasaija is no doubt facing hard times lately. Following government of Uganda’s request to borrow domestically Shs736bn to pay salaries of civil servants, MPs have asked Minister Kasaija to resign for failing to manage resources entrusted to him. The loan request
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President Yoweri Museveni has met with a consortium of four American companies – Global IP, Boeing, Hughes Networks and Space X owned by billionaire Elon Musk – which expressed interest in investing in Uganda in order to provide the country with fast and reliable Internet services through satellite technology. The four companies
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The Bank of Uganda (BoU) has spoken out on reports that Bank of India Uganda Limited will close business in Uganda come next month. In a statement dated February 20, 2018 obtained by Business Focus, Prof. Emmanuel Tumusiime-Mutebile, the Governor BoU said Bank of India Uganda is ‘safe and sound’.
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The Singapore Government will award all citizens aged 21 years and above a one-off bonus of up to S$300 (Shs826,884). Singapore’s Finance Minister Heng Swee Keat Monday announced that the 2017 budget came in with a surplus of about S$10 billion (UShs27.5trillion). This is attributed to contributions from statutory
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Uganda’s health sector is in the news more often than not, for the wrong reasons. It cannot be overstated that as a country, we ought to do better. While it is the norm to cry foul to the government, a good health sector is a concerted effort by not just
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By Aloysious Kasoma The National Social Security Fund Monday kicked off its Annual Customer Connect Week with various activities that include financial literacy trainings and product educationto equip members with financial knowledge, as well asa medical camp to avail free health care to surrounding communities. The financial literacy trainings
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Anne Eriksson, the first African female head of consultancy firm PricewaterhouseCoopers (PwC) in the region has retired from the company after 40 years of service, the Daily Nation reports. Ms Eriksson headed PwC’s operations in six African countries over the past six years. PwC has appointed Peter Ngahu, an insider,
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Fortebet, the Sports betting company with the largest branch network in Uganda and the highest betting odds has again showed its commitment to promote the growth and development of young talent. Like it has been doing, Fortebet gave out brand new footballs to the under privileged children in Nateete under
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Meera Investiments has dragged Dfcu Bank to Land Division of the High Court, seeking to reclaim its 46 branches that were allegedly acquired illegally countrywide following the dissolution of Crane Bank. Should court agree with the arguments of Meera Investiments, all the 46 country wide Dfcu Bank branches will be
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The United States of America, Norway and the United Kingdom have issued a statement on the status of peacetalks in wartorn South Sudan warning that the behavior 'Fighting while talking' will not be tolerated. The Troika statement on South Sudan forum issued on Monday afternoon also highlighted its support for
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