Following passage of the Financial Institutions Amendment bill 2016 which included a provision for Bancassurance and the subsequent approval of the regulatory guidelines by the Bank of Uganda (BoU), Stanbic Bank Uganda has become the first bank in Uganda to be granted a license to provide Bancassurance as a product
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A number of opposition Members of Parliament opposed to the amendment of the Constitution to remove the age limit for presidential candidates on Wednesday returned money for consultations to Parliament, saying it is unholy. The MPs were each given Shs29 million on Tuesday for the consultations on the controversial Bill.
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Ignatius Ahumuza, 21, a Ugandan entrepreneur has won US$10,000 (Shs36.4m) Anzisha Prize at Africa’s premier awards for youngest entrepreneurs held on October 24, 2017 in Johannesburg, South Africa. Ahumuza is among the fifteen (15) young African entrepreneurs who emerged as finalists from a field of more than 800 applicants for
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MTN Uganda will host an exhibition for the 45 selected submissions for the MTN Innovation Awards 2017. The exhibition will take place on Saturday, October 28th 2017 at the Shoprite Lugogo Mall parking area. On display will be the 45 finalist entries that have made it to the next phase
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The last four months of the electioneering period has cost private businesses up to KSh700 billion (about UShs24.6 trillion) in lost opportunities. The Kenya Private Sector Alliance (Kepsa) on Tuesday said the situation risks getting out of hand, further hurting the economy, reports the Daily Nation. This is especially so
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Police have asked members of parliament who want to hold joint consultations to notify the force on how many of their colleagues will be attending the consultations. Police Spokesperson, Asan Kasingye, says they have been blocking joint opposition consultation meetings on the presidential age limit removal, because many opposition legislators
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Ugandans are dubiously earning millions from Kenyan coffee. The coffee is either stolen or bought cheaply by exploiting the poor farmers, according to an investigation by the Standard News Site. Below is the story as reported by the Standard. It is 7.30pm on a Saturday at Bumbo market in Uganda,
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By Livingstone Mukasa If you observe carefully, poor people have one thing in common: the ability to coin perfect excuses. They are able to lay it out why things are not working out for them or why they were born in the wrong country. In today’s column allow me to
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dfcu Bank is in trouble after the High Court in Kampala granted permission to over 400 ex-employees of Crane Bank to sue the Bank for wrongful termination. They want dfcu to pay them Shs6bn in damages for wrongful termination. The Deputy Registrar in charge of Civil Matters at the High
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Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine has called for the unconditional release of opposition leader, Kizza Besigye who is detained at Nagalama Police Station in Mukono. Bobi Wine made this call after visiting the incarcerated Besigye who has since been charged with murder. Besigye, was arrested and charged with
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