Stanbic Bank Uganda has posted Shs200bn net profit in 2017, up from Shs191bn in 2016. This represents 5% growth. Releasing the results at Sheraton Hotel Wednesday morning, Stanbic Bank Uganda CEO, Patrick Mweheire said 2017 was a challenging year, noting that they had to do ‘smart things’ to record impressive
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Travelers on the newly launched Jambojet can now pay for their ticket using MTN and Airtel Mobile Money as the airline moves to ease the interface with customers who may not have sufficient time to visit their booking office. This means that travelers can book flights online, at call center
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The Speaker of Uganda’s Parliament, Rebecca Kadaga has criticized African leaders for the influx of mainly African refugees to Europe and North America. Kadaga said African refugees make dangerous crossings through the Mediterranean, fleeing harsh economic conditions and conflicts in their countries. “Today, many of our countries are independent, yet
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The Uganda Revenue Authority (URA) has seized banned cosmetics that were being transported as sand. In a statement, URA says its Mpondwe enforcement team intercepted a suspicious ‘truck full of sand’ and dug deep and beyond the trickery that smugglers of banned cosmetics had conjured. [caption id="attachment_10269" align="aligncenter" width="711"] On
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Uganda Communications Commission (UCC) has issued guidelines on how to replace lost sim cards. The tough guidelines include presenting a letter from NIRA verifying that user's National ID is authentic and card will be used in a genuine type approved device. According to a statement on Tuesday by Godfrey Mutabazi,
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The East African regional bloc Igad has called for the South Sudanese rebel leader Riek Machar to be released from house arrest as soon as possible. Mr Machar has been in the South African capital Pretoria for more than a year. Igad said he should be freed only if he
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London-based digital money transfer firm SimbaPay, which was founded by a Kenyan duo, has launched an artificial intelligence powered chatbot service that enables international money remittance through short message service (SMS), the Nation reports. The new chatbot service, launched jointly with Lagos-based payments processor Interswitch, is run by a computer
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The Uganda Communications Commission has suspended licenses of 24 radio stations for promoting and advertising witchcraft content as well as aiding and abetting electronic fraud. UCC which is headed by Godfrey Mutabazi as Executive Director Tuesday tweeted on its official handle: “Proprietors of broadcasting stations ready @UCC_Official 4 a hearing
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Umeme Limited has spoken out on President Yoweri Museveni’s letter asking Energy Ministry to look for a cheaper alternative of power distribution. In a letter dated March 13, 2018, Museveni tasked Energy Minister Irene Muloni to explain to him how Umeme’s technical losses still remain as high as 17% yet
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Work almost came to a standstill in Lira town as Fortebet showered its customers with massive gifts over the weekend. The gifts were given out in all the four Fortebet branches which include Lira Main, Lira Dillane House, Lira and Lira Teso Centre. [caption id="attachment_10216" align="aligncenter" width="534"] Seven clients at
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