Uganda's new Police spokesperson, Asan Kasingye has refuted media reports quoting him linking the murder of his predecessor to the Allied Democratic Force (ADF) rebels. Kasingye made this rebuttal on Tuesday, the same day a local newspaper carried a story saying he had linked the murder to ADF. "I did
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Two senior officials in Uganda's Ministry of Finance have been arrested on allegations that they tried to take bribes from investors. This revelation was made by the President's Press Secretary, Don Wanyama on Tuesday afternoon. "President Museveni has today been briefed by the IGP about the arrest of two senior
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As Ugandans are yet to come to terms with the Shs6bn presidential handshake, a new Parliamentary report has unearthed untold corruption acts at Uganda’s Health Ministry. A report by the Parliamentary Public Accounts Committee (PAC) indicates that officials in Health Ministry used the Global Funds scandal to hatch a plan
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To mark the 10th anniversary of ground-breaking mobile money service-M-PESA, WorldRemit has released new data showing that Kenyans in diaspora are the biggest senders of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now - showing that Kenyans continue to
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Diamond Trust Bank (DTB) Uganda has significantly written off loans worth Shs34.4bn in 2016, up from Shs5.9bn in 2015, Business Focus reveals. This is contained in the bank’s financial results for the year ended 2016 released last week. As a result of the high Non-Performing Loans (NPLs)affecting the banking industry
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Uganda Revenue Authority (URA) has admitted that London law firm that Uganda government paid Shs2.5bn in the oil case didn’t provide a legal opinion, raising fears that the lawyers may not have carried out the assignment. This shocking revelation was made by Doris Akol, the URA Commissioner General while appearing
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Uganda's military Spokesperson has trashed media reports claiming that a senior army officer was recently arrsted in connection to the murder of former Police spokesperson, Andrew Felix Kaweesi. Brigadier Richard Karemire revealed this in a tweet he made on Monday morning saying some people have been masquarading as army officers.
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KCB Group has posted UShs1.01trn in Pre-Tax profit for year ending December 31, 2016, up from UShs923.7bn recorded in 2015, representing 10% growth. KCB Group CEO and MD, Joshua Oigara, attributed the improved performance to the bank’s continued and deliberate focus on growth, efficiency, and value creation for shareholders. The
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Private Education Development Network (PEDN) in partnership with Feed the Future Uganda Youth Leadership for Agriculture (FFUYL), a USAID – funded project have launched a campaign to raise awareness on the importance of girls’ education and the value of women empowerment. This is not only an awareness campaign, but will
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The Uganda Shilling held steady against the US dollar during the week ending 24th March 2017 as demand and supply remained balanced. The absence of strong corporate demand over the past few weeks provided an opportunity for Bank of Uganda (BoU) to purchase dollars for their reserve build up. Trading
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