Uganda’s Anne Juuko has been appointed by Stanbic Bank Uganda Board of Directors as the new company’s Chief Executive Officer (CEO) replacing Patrick Mweheire who has been appointed to serve as the Regional Chief Executive, Standard Bank Group. At the time of her appointment, Juuko has been working as the head of Corporate and Investment Banking at Standard Bank, Namibia…
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Mobile money agents under their umbrella; the Association of East African Mobile Money Traders Limited have petitioned Parliament over the poor working relationship with telecom companies. The Association Chairperson, George William Nyombi presented the dealer’s petition to the Speaker of parliament, Rebecca Kadaga on Monday evening. Nyombi explained that mobile money agents face a number of challenges including increased insecurity…
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Three Ugandan businessmen are being held in Rwanda. The three include Bosco Nkwasiibwe, a resident of Kamwezi sub-county in Rukiga district, Dauliano Orikurungi from Kabale district and Siliaco Orishaba from Rubanda district. Peninah Karungi, a wife to Nkwasiibwe told our reporter on Sunday that the victims were arrested by Rwandan security operatives on Thursday morning. She adds that their captors…
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The business community and power consumers in Arua and West Nile are threatening to petition President Yoweri Kaguta Museveni over intermittent power supply in the region. President Museveni is slated to preside as chief guest on February 25th to mark Onduparaka Football Club’s 10 years of existence at the Green light stadium. For the last two weeks, power consumers in…
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Kakira Sugar Works is underfire from sugarcane farmers from Busoga Sub region for allegedly issuing supplier permits to politicians at their expense. According to the farmers, the factory reduced their supplier permits from 1000 in January 2019 to 400 by December last year. The farmers claim that their plantations were duly inspected by factory officials and are surprised that…
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Ugandan officials could have stashed away a whopping USD 73M (UGX267B) of the aid money from the World Bank between 1990 and 2009, a new research paper suggests. The controversial paper written by researchers from the Norwegian Business School, University of Copenhagen, and The World Bank observed that every time the institution released money to aid-dependent countries like Uganda, “there…
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had been tabled by State Minister for planning David Bahati. The loan, which required parliamentary approval was sought from Industrial and Commercial Bank of China. Bahati said that the loan will finance the upgrading of the Masindi-Biiso, Kabaale-Kiziranfumbi and Hohwa-Nyairongo-Kyarusesa-Butoole road project. However, Kadaga declined to refer the loan request to the parliamentary committee on National Economy for further scrutiny.…
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A strange disease has attacked banana’s in Rwampara district sending farmers in panic. The disease affects the colour of the banana fingers and bunches from green to brown or black, according to one of the affected farmers Nestori Aturinda. He says that the disease eventually results in premature ripening and shrinking of the banana’s, yet even when cooked, they remain…
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President Yoweri Museveni has encouraged African American investors to interest themselves in setting up Real Estates around the different industrial parks in the country. The President made the call while meeting a delegation of African Americans from Capital Brand Bizz represented by Michael Broughton, Mark Hernandez and Damiano as well those from Impact Brands Inc at Liao Shen Industrial Park…
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The government has acquired an aircraft and chemicals to boost its preparedness amid the invasion of desert locusts. The migratory pests were first sighted in the country on February 19, after crossing from Kenya through Amudat district in Karamoja sub-region. They later spread to the districts of Amudat, Abim, Kaabong, Nakapiripirit, Agago, Katakwi, Nabilatuk, Kitgum, Karenga, Kumi, Ngora, Soroti and…
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