Nakumatt’s court-appointed administrator Peter Obondo Kahi has taken over management of the struggling retailer, which will now be shielded from its creditors in the short term as it tries to recover, the Daily Nation reports. Mr Kahi has organised a suppliers’ meeting on Wednesday next week, aiming to document their
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A list of traders meant to receive compensation from Government over losses incurred due to the civil unrest in South Sudan has drawn the Ministry of Finance Planning and Economic Development and Ministry of Trade at logger heads after the Finance officials were accused of creating ghost beneficiaries. Appearing before
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Tuskys and Nakumatt have submitted a fresh application to the competition regulator asking to be allowed to partner in a rescue plan for the troubled retailer, Business Daily reports. The new application asks the Competition Authority of Kenya (CAK) to exempt a management contract between the two firms, rather than
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Ugandans who are currently unable to have access to internet because they lack Smartphones have all reasons to smile. This is because the Government of Uganda through ministry of ICT & National Guidance and National Information Technology Authority of Uganda (NITA-U) has made steps to scrap taxes on Smartphones. James
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Uganda has Wednesday announced a major milestone in its operations; becoming the first telecom operator in Uganda to have all its sites across the country 3G mobile broadband enabled. The upgrade in technology to 100% mobile broadband means that all Airtel Uganda subscribers will now have access to high speed
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The Uganda National Bureau of Standards (UNBS) stopped 16 million substandard products from being imported into the country as a measure to protect the health and safety of consumers. Between July and December 2017, under the Pre-export verification of conformity (PVoC), UNBS inspected 4.6 billion products of which 4.2 billion
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Uganda's Speaker of Parliament Rebecca Kadaga has tasked government to mount a crackdown on forged academic documents. Kadaga was speaking at the ecumenical Thanksgiving Service, a religious event that brings together all denominations during the annual Parliament Week. Kadaga's demand followed a sermon in which Monsignor Lawrence Ssemusu decried the
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The head of Congo’s Catholic church condemned the government of President Joseph Kabila on Tuesday for a deadly crackdown on pro-democracy protesters, suggesting his country was becoming like a prison. Cardinal Laurent Monsengwo has been ratcheting up a conflict between the government and one of the Democratic Republic of the
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Uganda's President Yoweri Museveni only dons four types of attire in the whole year, State House has revealed. On Tuesday, the President's Press Secretary tweeted Museveni's photos explaining his dress code. "Did you know @KagutaMuseveni has only 4 attire in his wardrobe all year..well almost. Yellow and white shirts for
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Bank of Uganda Deputy Governor, Dr. Louis Kasekende has called on Uganda and other African countries to devise all means of attracting more Foreign Direct Investments (FDIs) if they are to transform fast. “Africa needs foreign companies to invest in modern businesses on the continent, providing business skills and technology,
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