Panic As Network Glitches Hit Banks
Customers who subscribe to several local banks that include among others; DFCU, Stanbic, UBA and Equity bank are in panic after they have been notified to do all the necessary transactions before the...
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DWON LUO Newspaper Resumes with Quality, Accurate and Balanced News
After going off the market for a while due to unavoidable technical constraint, the Pepper Publications Limited management is happy to announce the rebirth of Northern Uganda vernacular newspaper, Dwon...
View ArticleMuseveni In Dubai For Africa Summit
President Museveni last night traveled to Dubai in the United Arab Emirates to attend the 4th annual global Business Forum on Africa. Museveni will be in UAE’s commercial capital for three days meeting...
View ArticleEthiopian Airlines First In African To Operate Dreamliner
Ethiopian Airlines Africa’s largest and most profitable airline has become the first on the continent to receive and operate the state of the art Boeing 787-9 Dreamliner. The Boeing 787-9 Dreamliner is...
View ArticleNakumatt Files For Bankruptcy Protection
Kenya’s largest retailer Nakumatt holdings has filed for Bankruptcy protection in the Kenyan courts a few weeks after Uganda Revenue Authority effectively halted its operations in Uganda. An...
View ArticleAirtel ‘Yoola Amajja’ Cash promotion Is Back
Airtel Uganda yesterday relaunched ‘Yoola Amajja’ – a cash promotion that rewards customers who are actively using the Airtel Money platform to carry out their daily transactions. First launched in...
View ArticleMuseveni Meets Dubai Ruler Maktoum
President Yoweri Museveni has held discussions with various UAE investors and CEOs of leading companies in various sectors including America’s Business Council based in Dubai, Emerson with interest in...
View ArticleSuspended UNRA Boss Back To Office
The Head of Policy and Rulings in the legal directorate of Uganda National Roads Authority (UNRA) William Tumwine is back to office. Tumwine had been suspended for sometime over alleged misuse of...
View ArticleURA Hopeful Despite Revenue Shortfall
Uganda Revenue Authority are hopeful they can hit their Shs15trillion collections target by end of financial year despite suffering a quarterly shortfall of Shs132 billlion. The deficit was recorded...
View ArticleTusky’s Starts Restocking Nakumatt Stores
Retailer Tusker Mattresses Limited (Tuskys) has confirmed plans to aid the recovery of Nakumatt Holdings through a strategic restocking programme. Nakumatt has closed all its branches in Uganda but...
View ArticleSouth Africa Bank Buys Off UK Bank
One of the UK’s best known “challenger” banks, Aldermore, has agreed to be bought by a South African financial firm. FirstRand has offered 313p per share for Aldermore, a 22% premium to Friday’s...
View ArticleMoney laundering fears affects SWIFT Banking
Uganda, Kenya and Tanzania are among African countries where international lenders have cut-off correspondent banking relationships for fear of being exposed to charges of money laundering and...
View ArticleIMF To Slash Rwanda Growth Estimates
The IMF will imminently slash Rwanda’s 2017 economic growth projection from 6.2 to 5.2 per cent. That will still leave Rwanda performing much better than Uganda or Kenya in 2017. “We are discussing...
View ArticleTwitter Doubles To 280 Characters
Twitter plans to increase the number of characters in tweets from 140 to 280 for the majority of users. The new limit will not apply to tweets written in Japanese, Chinese and Korean which can convey...
View ArticleNigeria Targets Economic Recovery In 2018
Nigeria has set out its budget for 2018, aimed at helping the economy recover from its first recession in 25 years. President Muhammadu Buhari announced a record budget of 8.6 trillion naira (£21.4bn)...
View ArticleStephen Hawkins: The World Is About To Burn Up
Renowned physicist Stephen Hawking has issued yet another warning for Earth and this time, he says we have less than 600 years before the Earth turns into a sizzling fireball. Hawking says that if we...
View ArticleList Of Top Crane Bank Depositors Exposed in Court
Stunning new revelations have emerged showing the level of indebtedness of Crane Bank in the weeks before it was placed into statutory administration by Bank of Uganda in October 2016. The revelations...
View ArticleKCB Posts 5% Profit Surge
Kenya’s largest lender by Assets, KCB Group, released its third quarter 2017 results that saw its profit after tax rise by 5% to KES 15.1 billion compared to the previous period’s KES 14.4 billion. KCB...
View ArticleRwanda To Sell 7 Year Treasury Bond
Rwanda will sell a seven-year treasury bond worth 10 billion francs ($11.72 million) this month to fund infrastructure projects, the central bank said on its website. Bids for the bond, whose coupon...
View ArticleM7 To UK Delegation: Uganda Ever Ready For Investors
GOVT NEWS RELEASE: President Yoweri Museveni has assured upcoming investors that Uganda has no uncalled for investment conditionalities for one to do business in the country. “For long, we have...
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