Tanzanian multi-millionaire tycoon Rostam Aziz is currently in the process of selling off his remaining shares in public-listed Vodacom Tanzania, the country’s largest mobile telecom company. According to a report by Tanzania’s Citizen newspaper, the Tanzanian businessman is selling off his 26.25% stake in the company to Vodacom Group of
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Speaker of Uganda’s Parliament Rebecca Kadaga has threatened to punish MPs found of dodging Committee meetings. In a letter dated 7th June 2018 to one of the culprits, ailing Betty Nambooze, the Mukono Municipality MP, Kadaga detailed the lawmaker’s perpetual absenteeism and threatened to take action if she keeps up
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President Yoweri Museveni has revealed how telecoms have been cheating Uganda, insisting that social media and Mobile Money taxes must stay despite public outrage. Below is his statement he issued Wednesday evening. Dear Ugandans, Greetings. I am using social media to share with you the reasons for the social-media tax
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Dfcu Bank is set to lose its major and oldest investor, CDC. CDC, Britain’s oldest Development Finance Institution, joined hands with the Government of Uganda in 1964 to set up Dfcu. CDC’s investment in Dfcu, according to the institution’s official website, is US$15.1m (equity) and US$10m (subordinated loan) As of
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The Out grower farmers supplying sugarcane to Kakira Sugar Ltd Monday, 2nd July 2018 suspended supply of sugarcane to the factory in angry protest against the application of 1% withholding tax on agricultural supplies. In a press statement dated July2, 2018, Christian Vincke, the General Manager at Kakira Sugar Limited
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South Sudan's government has proposed a bill that would extend President Salva Kiir's term in office for three more years. If it is passed, Mr Kiir would serve until 2021, a total of 10 years in office. The opposition has condemned the move, saying it violates the spirit of the
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Residents of Bugulumbya and surrounding areas in Kamuli district Sunday received free medical services at a free Airtel Uganda community health fair. The fair was held at Kasambira SDA Primary School and was presided over by Honorable Isaac Isanga Musumba. In partnership with The Hind’s Feet Project, a Non-Profit Organization
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Uganda will remain among the fastest growing economies in Sub-Saharan Africa and globally, a new report by rating agency Moody’s says. “We expect growth to remain highest in Rwanda and Tanzania. By and large, our expectations for real GDP growth rates of 5-6 per cent in Uganda and Kenya, and
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Kenyan writer Makena Onjerika has said she was surprised to hear her name called as this year's winner of the prestigious Caine Prize for African Writing at Monday night's award ceremony. She was among a shortlist of five authors in the running for the £10,000 (UShs51m) literature award Onjerika's story,
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Ecobank Uganda has launched a transact and win promotion geared at driving utilization of the bank’s state-of-the-art Ecobank Mobile App under the tagline “putting power at your fingertips.” Speaking at the launch event on Sunday at Riders Lounge during the Australian Formula One Grand Prix that attracted Uganda’s top corporates,
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