Uganda’s struggling economy continues to swallow top companies, a move that is likely to make the already bad situation worse. Spencon Services Ltd, Civil engineering and Construction Company is the latest to fall victim of the wobbly economy. The heavily indebted company which is currently under receivership over has literally
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A section of the Ugandan public spent the weekend questioning whether the arrest of the country's State Minister for labor was done in good faith. The country's police on Saturday, arrested Herbert Kabafunzaki, the State Minister for labour, employment and industrial relations for allegedly soliciting a Shs30 million bribe. However,
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Uganda's Civil society budget advocacy group (CSBAG) has called upon Government to reduce what they called wasteful expenditure as portrayed in the 2017/18 financial year draft budget. Local news agency, URN, reports that in the proposed budget, items like allowances, workshops, seminars, welfare, entertainment, special meals and drinks, travel abroad,
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Uganda's President, Yoweri Museveni has approved the setup of an investment, economic and governance reforms forum composed of public and private sector members to inject fresh thinking into the functioning of some of the institutions of government. This was approved on Saturday evening at State House, Entebbe. The forum will
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Following weeks of public nominations from across the continent and its Diaspora, the final nominees for the much-anticipated New African Woman Awards 2017 have been announced. The awards, in their second edition are organized by the New African Woman magazine. Uganda’s Rhoda Peace Tumusiime has made it to the list
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Details have emerged of how former Presidential candidate, Premier and Secretary General of the country's ruling National Reistance Movement (NRM) party, John Patrick Amama Mbabazi is settling in a life out of the hustle and bustle of politics. A close family source intimated to us that the former 'Super Minister'
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Uganda's President, Yoweri Museveni has said Accounting Officers and Auditor are to blame for the rampamt corruption in the country. The president made these remarks on Thursday during the 12th Annual National Internal Audit conference today at Speke Resort, Munyonyo. "So when we talk about misappropriation of funds it is mainly
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The National Drug Authority (NDA)’s Quality Control Laboratory has received the ISO 17025 Accreditation award for testing of male latex condoms. Uganda is the second country in East and Central Africa to receive the internationally recognized accreditation by the American ANSI-ASQ National Accreditation Board (ANAB). Fredrick Ssekyana, NDA Spokesperson
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Standard Chartered Bank Uganda Ltd (StanChart) has overcome the economic headwinds in 2016 to post an impressive Shs112.1bn net profit, up from Shs28.3bn recorded in 2016. This represents 296.1% growth. According to the bank’s audited financial results for the year ended December 2016 released on Thursday, customer deposits increased by
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By Peter Abaanaasazi “Some of us are forced to ease ourselves in the nearby bush due to lack of privacy since we share a pit latrine with boys and teachers,” Joy Kemigisa, a primary six pupil (girl) at Bulera Demonstration Primary School in Hoima Municipality, says. That is the appalling
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