Kenyan multi-millionaire businessman Narendra Raval has raised $97 million (Shs291bn) in the form of debt and equity from the International Finance Corporation to fund the construction of new cement plants for his company, National Cement. According to a report by Kenya’s Nation newspaper, Raval, who is the chairman of steel
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By Aloysious Kasoma The controversial successful sale of Crane Bank to dfcu was a blessing to the financial sector, Dr. Louis Kasekende, the Deputy Governor, Bank of Uganda has said. Speaking at an event to mark 20 years of Securities Exchange (USE) at Kampala Serena Hotel on Friday Kasekende said:
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Uganda’s long distance ace Joshua Cheptegei has won the 5000m gold at the 2018 Commonwealth Games. After a slow start, 21-year-old Cheptegei took charge of the race in the last 5 of 12.5 laps, finishing powerfully in 13:50.83 for his first gold at senior level. It is also Uganda’s first
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Uganda Revenue Authority (URA) has been accused by a section of MPs from the West Nile region of using cruel methods of collecting taxes. The MPs including Driwaru Zaitun (Yumbe Woman MP), Rose Atim Ayaka (Maracha Woman MP), Ashraf Olega (Aringa County- Yumbe district) and David Abala (Ngora County) allege
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The Government of Uganda is planning to ban importation of cars over eight years old, according to the Traffic and Road Safety Act 1998 (Amendment) Act, 2018. “A person shall not import a motor vehicle which is eight years old or more from the date of manufacture,” Clause 14A (1)
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By Aloysious Kasoma The Uganda Securities Exchange (USE) has marked 20 years in the Ugandan market with a new look and greater expectations. Speaking at the stakeholders’ dinner held at Kampala Serena Hotel on Friday, Paul Bwiso, the CEO USE said, “Today marks a major milestone for us as USE
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A delegation of members of parliament belonging to the Finance and Economic Planning Committee Friday toured Uganda Revenue Authority (URA) customs border stations in Uganda. During the trip, the law makers were appraising themselves on URA border operations, appreciating the challenges URA staff go through while serving at the border
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Bank of Uganda (BoU) Deputy Governor Dr. Louis Kasekende on April 05, 2018 delivered a keynote address at the Stanbic Bank Enterprise Conference held at Hotel Africana, Kampala. He explained key factors why many Small and Medium Enterprises (SMEs) fail and gave tips on how small start-ups can grow sustainably.
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An air incident involving a helicopter reg no. 5X-KEG belonging to Kampala executive Aviation with two Hon ministers David Bahati and Ruth Nankabirwaon board occurred today 6/4/2018 at makanga golf course. The helicopter hit an electric wire a few minutes after take off and crush landed. All the occupant's are
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Retail chain Tuskys has pulled the plug on a rescue partnership it has been seeking with Nakumatt in what could push the troubled supermarket into deeper crisis, Business Daily reports. Tuskys, through its lawyers, wrote to the Competition Authority of Kenya (CAK) nine days ago saying it was re-considering its
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