The Finscope Uganda 2018 report has revealed that only 3 percent of the Uganda’s adult population borrow money from a commercial bank. The report was launched Wednesday morning at Kampala Serena Hotel. The Finscope survey found that the breadth of access to financial services is quite wide in Uganda, with
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The South Sudan rebels now want amendments to the Framework Agreement penned in Khartoum on Tuesday. The rebel movement’s director of information and public relations, Mr Mabior Garang de Mabior, said that they were opposed to the dividing of the country into three regions, the invitation of foreign forces and
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President Yoweri Kaguta Museveni is currently in a second security meeting with Members of Parliament (MPs) at Office of the Prime Minister (OPM) offices. This is a private meeting where the press isn’t allowed. However, sources at Parliament say the meeting has been boycotted by many MPs both from the
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Tanzanian multi-millionaire tycoon Said Bakhresa is on the verge of launching a mobile network throughout the country within the next few months. According to a report by Tanzania's Citizen newspaper, Azam Telecom (T) Limited, a company that is owned by the Tanzanian businessman, recently won spectrum in the 700 MHz
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dfcu Bank in partnership with NTV Uganda and Price Waterhouse Coopers (PwC) have launched Season II of the Investment Clubs Challenge dubbed ‘Battle for Cash.’ Battle for Cash is a nationwide campaign targeted at instilling a savings and investment culture in Uganda. In 2017, dfcu Bank held a six-month
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Huawei, one of the leading information and communications technology (ICT) companies, has appointed Liu Jiawei as its new managing director for their Uganda Operations. Liujiawei, who replaces Stanley Chyn comes with a working experience of approximately eight years in senior management positions in countries such as South Africa, Mozambique, Swaziland,
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With ongoing investment in the generation capacity through the constructions of Karuma, Isimba and other mini hydro stations, Umeme is aggressively aligning its investments to increase access, readiness for increasing generation and the contentious pricing of the end-user tariffs. This focus is in line with government ambition of increasing electricity
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Fishermen on Migingo Island have protested Uganda’s forcible closure of the first and only Kenyan kindergarten in what could spark a fresh diplomatic row between the two East Africa nations, Business Daily reports. The preschool was recently set up following a collaboration between the office of the Migingo sub-location assistant
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Fortebet, Uganda’s biggest betting company has hit a record 250 branches across the country and still counting. This 250 mark was registered over the weekend with the opening of Bweyale Main Centre, which is now the second one in this town. This mega centre has been designed with 54 new
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A young Somali man who married two women on the same night has told the BBC that he will encourage other men to do it. Bashir Mohamed said he courted both women for about eight months, and convinced them to marry him. "I used to bring them together to socialise
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