dfcu Bank is in trouble after the High Court in Kampala granted permission to over 400 ex-employees of Crane Bank to sue the Bank for wrongful termination. They want dfcu to pay them Shs6bn in damages for wrongful termination. The Deputy Registrar in charge of Civil Matters at the High
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Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine has called for the unconditional release of opposition leader, Kizza Besigye who is detained at Nagalama Police Station in Mukono. Bobi Wine made this call after visiting the incarcerated Besigye who has since been charged with murder. Besigye, was arrested and charged with
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Equity Bank Uganda has opened its 32nd branch across the country; an exclusive banking outlet along Buganda Road dubbed the ‘Supreme Banking’. The branch was launched in an exquisite cocktail event attended by selected businessmen and influential fellows of the corporate community. The branch has a classy lounge with free
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Uganda's National Social Security Fund (NSSF) Chief Financial Officer, Patrick Ayota has been named the organisation's new Deputy Managing Director, replacing knifed Geraldine Ssali, Business Focus reveals. Ayota had been discussed as possible replacement for Ssali even before her sacking late last week. Inside sources reveal that NSSF will soon
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In a show of solidarity, Opposition Forum for Democratic Change (FDC) Party President, Retired General Mugisha Muntu has suspended his campaigns to focus on efforts aimed at freeing Kizza Besigye and two other party officials. Besigye, was arrested and charged with murder, police said on Friday, after they broke up a
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Uganda President Yoweri Museveni's spokesperson has spoken out on reports that the country's Junior Water Minister has been knifed. Social media has been awash that the president reportedly 'fired' Ronald Kibuule after he made his way to parliament with a gun, something that angered the latter. "I have no official
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Details have emerged how Uganda's tax body, Uganda Revenue Authority (URA) intercepted people transporting fake Ugandan currency to the country from neighboring Kenya. Social media has been awash with reports of how URA made the intercept of the fake notes disguised as dog food. Below is what URA posted of
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A tough New York real estate market, a costly lawsuit and an expensive presidential campaign all contributed to the declining fortune of the 45th president. After months of digging through financial disclosures and public property records and conducting dozens of interviews, Forbes now estimates POTUS' net worth at $3.1 billion,
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Kenyan prosecutors will charge the sister of opposition leader Raila Odinga and opposition senator Fred Outa with incitement to violence and other crimes after attacks on staff of the election board last week, the chief prosecutor’s office said on Monday. Odinga has been due to compete against incumbent President Uhuru
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Only one out of three applications are likely to be approved as banks shift focus from personal and small business loans — considered risky after introduction of the rate cap law — to short-term government securities, Business Daily Africa reports. A survey by the Kenya Bankers Association (KBA) tracking the
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