The National Social Security Fund (NSSF), the leading social security provider in Uganda, has officially commissioned the construction of its shs3.9bn ultra-modern multipurpose commercial building in Mbarara town. The development sits on theFund’s 0.43 acres and is planned to be a modern retail and office complex comprising of four floors
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The Uganda Securities Exchange (USE) has suspended the trading of Kenya Airways shares due to the ongoing ownership restructuring. Paul Bwiso, the Chief Executive Officer at USE says Kenya Airways PLC is currently undergoing equity and debt restructuring and to facilitate the conclusion of the transaction without disrupting the price
Read MoreKenya’s payment to Uganda for electricity imports more than tripled to KSh3.5 billion (UShs122.9bn) in the first eight months of the year, driven by a higher tariff and increased purchases from Kampala, reports the Daily Nation. Nairobi is now feeling the pain of a higher tariffs pact the two countries
Read MoreZimbabwean President Robert Mugabe, 93, has a long history of making colourful or controversial remarks during a reign that has spanned nearly four decades. Among them: On staying in office "Some are saying 'Mr Mugabe is old, so he should step down'... No! When my time comes, I will tell
Read MorePresident Yoweri Museveni is unhappy with the striking doctors, noting that they betrayed him-for he had told them his plan to resolve their issues. Museveni made while addressed a rally at Karambi Sub-county Grounds in Burahya Constituency, Kabarole District on Thursday. “I thank the medical officers in Kabarole for not
Read MoreKenya’s protracted election dispute has spawned secession calls from opposition supporters who say their vote has no influence on how East Africa’s biggest economy is governed, reports Bloomberg. The increased agitation follows the declaration of President Uhuru Kenyatta as the winner of October’s election rerun that the main opposition alliance
Read MoreThe president of Angola, Joao Lourenco, has fired the daughter of his predecessor as head of the country's state oil company Sonangol. Isabel Dos Santos, the billionaire daughter of former President José Eduardo dos Santos, is Africa's richest woman. Mr Dos Santos was Africa's second longest-serving leader until he stepped
Read MoreThe 2017 version of Ecobank Group Research’s Fixed Income, Currency and Commodities (FICC) Guidebook, which provides expert knowledge and analysis on African markets for investors and businesses, was launched today at AfricaFICC. Indicating a positive outlook for the continent, three key trends are forecast to take hold during the next
Read MoreStriking doctors have refused to vacate government housing units as ordered by Ministry of Health, noting that they will not succumb to intimidation. This follows fresh orders from the Ministry of Health in which Government revealed plans to embark on a recruitment exercise to hire new doctors who can work
Read MoreThe Bank of Uganda (BoU) has spent a whopping Shs6.5bn on external lawyers, Business Focus reveals. BoU mainly uses Timothy Masembe Kanyerezi of MMAKS Advocates and David Mpanga from AF Mpanga and Company Advocates as external lawyers to handle its legal cases. [caption id="attachment_4189" align="aligncenter" width="300"] Timothy Masembe[/caption] Business Focus
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