KCB has announced that it will pay its investors an interim dividend amounting to Ksh3 billion (about UShs104.3b). This will see every shareholder get Ksh1 (UShs34.78) for each share they hold in the bank. This follows the half year financial results which saw the lender post Ksh10.26 billion (UShs356.8bn) net
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The National Drug Authority (NDA) has spoken out on the 12% verification fees charged on selected imported medicines that are also locally produced in Uganda. This follows speculation and misinformation that the 12% fees were applicable to all imported medicines. According to Fredrick Ssekyana, the NDA spokesperson, the 12% fee
Read MoreKampala Lord Mayor Erias Lukwago has called for regulation of Kampala Capital City Authority (KCCA) law enforcement teams. Lukwago's suggestion comes after the death of a city hawker Oliver Basemera, 35, who drowned in Nakivubo Channel on Friday while fleeing from law enforcement officers, who were conducting operations against hawking
Read MoreUganda's Military Attache to the Democratic Republic of Congo (DRC) and National Resistance Army (NRA) bush war historical has succumbed to cancer. Brigadier Geoffrey Kyabihende aka Taban (RO/00094) breathed his last on Monday morning at Nakasero Hospital where he had been admitted five days ago. Special Operations commander, Major General
Read MoreKenya’s exports to Tanzania have dropped by 34 per cent in the first five months of the year raising concerns over negative impacts of the long-running trade standoff, reports Business Daily Africa. Exports to Tanzania plunged by Sh4.35 billion to Sh8.2 billion in the period to May compared to Sh12.55
Read MoreThe Bank of Uganda (BoU) has clarified on the alleged funds the Central Bank ‘hid’ in a ‘secret’ foreign account. In a statement issued on Sunday, Christine B. Alupo, the Director Communications at BoU said that the alleged information is erroneous and misleading. Below is BoU’s full statement: There have
Read MoreUganda's President Yoweri Museveni together with First Lady, Hon. Janet Museveni on joined parishioners of St Luke Kinoni Church of Uganda, to commemorate 70 years since he was baptised [caption id="attachment_3275" align="alignnone" width="960"] President Museveni being received for the celebrations[/caption] Speaking at the end of the church service on Sunday,
Read MoreWork on the pipeline that will take Uganda's crude oil to export markets begins after Tanzanian President John Magufuli and his Ugandan counterpart, Yoweri Museveni laid the foundation stone at Chongoleani, in the port city of Tanga Saturday. President Museveni arrived in Tanzania on Friday evening for a two-day state
Read MoreA Kenyan opposition spokesman said police raided his alliance’s offices on Friday night, four days before elections – but the government quickly denied any raid had taken place, dismissing the report as “fake news”. Watchmen working at the opposition alliance building in Nairobi also told Reuters there had been no
Read MoreThe electoral commission in Rwanda has announced that President Paul Kagame has won a third term in office with a landslide. The commission said partial results of Friday's election had given him 98% of the votes, BBC reports. Mr Kagame's supporters began celebrating before the announcement. They say that he
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