A 20-year-old man has drowned while being baptised by a pastor in a river south of Ghana's capital, Accra. In a video circulating on social media, Yaw Kyeremeh is seen stationed at the banks of River Densu together with a pastor who immersed him in the water. Then after brief
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The Committee on Commission’s Statutory Authorities and State Enterprises (COSASE) has summoned auditing firm, Price Water Coopers (PwC) to appear before the Committee to explain how they arrived at the Shs239bn undercapitalisation figure Crane Bank reportedly faced. This was after Bank of Uganda (BoU) officials failed to explain the extent
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Proparco, the French Development Finance Institution, has extended financing of USD 15m (Shs55.9bn) alongside USD 15m (Shs55.9bn) from FMO (the Dutch Development Bank) to dfcu, a strongly performing commercial bank with robust growth potential in Uganda. The facility is primarily earmarked for financing of small and medium-size businesses in line
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Bank of Uganda officials have come under fire for taking over Crane Bank that needed Shs157bn capitalisation and then going ahead to spend Shs478bn on running it before it was finally sold to dfcu bank. Members of Parliament on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) are
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Uganda's Ministry of Gender, Labour and Social Development has refuted social media reports that former civil servants are set to receive cash benefits from the ministry. This rebuttal was made on Tuesday after news spread on social media that former workers from 1962 to 2018 stood to benefit from the
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Tanzania's President John Magufuli has signed an agreement for the construction of a controversial hydro-electric power project in one of East Africa's best known game reserves. The power plant on the Rufiji River in the Selous Game Reserve is to be built by two Egyptian firms at a cost of
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Archbishop Stanley Ntagali has applauded President Yoweri Museveni on corruption fight, noting that he is let down by corrupt officials in key institutions like the health sector. “I thank the President (Museveni) for speaking against corruption. You find NMS (National Medical Stores) delivering drugs, but you’ll never find them in
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Uganda's biggest opposition party, the Forum for Democratic Change (FDC) has boycotted the Inter party Organisation for Dialogue (IPOD) conference at Speke Resort Munyonyo. IPOD brings together political parties represented in parliament. The conference hopes to secure the commitment of the top leaders to constructive and inclusive dialogue. President Yoweri Museveni
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The General Court Martial ill deliver its ruling on Monday next week whether Abdullah Kitatta, the jailed patron of Boda boda 2010 and his co-accused have a case to answer. The group is battling charges of unlawful possession of firearms. The other suspects are Matia Ssenfuka, Joel Kibirige, Hassan Ssemata,
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Officials from the Bank of Uganda (BoU) yesterday found a difficult time explaining they hired external lawyers who are directors in different commercial banks as their legal advisors. The officials led by Governor Emmanuel Tumusiime Mutebile and Deputy Governor Louis Kasekende on Tuesday returned before the committee on Commissions, Statutory
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