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INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel

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What other players give savers eager to grow money

What other players give savers eager to grow money

If you had Shs100m in savings, where would you invest it? Would you consider safety first or simply dive into government bonds, or venture into stocks? Maybe your hard-earned savings could find a cosy home in real estate or leave it with the National Social Security Fund (NSSF) and forget ab

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ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles

ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles

A client has accused DFCU Bank of forcing him to pay their initial 13 year mortgage loan in only two and a half years but only to hold onto his property titles.

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Lukwago dares IGG to release full Kiteezi report

Lukwago dares IGG to release full Kiteezi report

Kampala Lord Mayor Erias Lukwago has asked the Inspector General of Government (IGG) to make public the findings of the Kiteezi garbage heap disaster, which led to the sacking of top executives of Kampala Capital City Authority (KCCA). President Museveni on September 24 fired KCCA Execu

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Kisaka sacking was just a matter of time

Kisaka sacking was just a matter of time

The sacking of Ms Dorothy Kisaka as executive director of the Kampala Capital City Authority (KCCA) was not a surprise to many Ugandans. Critics say it had only been a matter of time. Ms Kisaka assumed office on July 23, 2020 following an initial recommendation by President Museveni

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NSSF savers to get 11.5% interest 

NSSF savers to get 11.5% interest 

Contributors to the National Social Security Fund (NSSF) will receive 11.5 percent interest they earned this year, Finance minister Matia Kasaija announced Thursday. "As per Section 36(2) of the NSSF Act (Cap 230), for the Financial Year 2023/24, I declare an interest rate of 11.5 percen

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Uganda Shilling Gains While Stanbic Rises, MTN Slips

Uganda Shilling Gains While Stanbic Rises, MTN Slips

The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv

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Non-performing loans drop but credit extension remains subdued 

Non-performing loans drop but credit extension remains subdued 

The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which

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Leaders call for tax waivers at league AGM

Leaders call for tax waivers at league AGM

Fufa Vice President Justus Mugisha has stressed the importance of upgrading football pitches across the club homes noting that pitch improvement is crucial for developing football talent. Speaking at the 11th Annual General Meeting (AGM) of Fufa Super League Limited, held at HB Hotel in

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Panic as Mineral Police Hunt for Karamoja Mineral Inspector, Dead or Alive

Panic as Mineral Police Hunt for Karamoja Mineral Inspector, Dead or Alive

Moses Lokiru, Moroto – The mineral inspector of Karamoja, Mr. Gerald Eneku, is currently facing intense threats to his life from police officers attached to the mineral unit in Karamoja. On Sunday, Mr. Eneku narrowly escaped an assassination attempt by disgruntled mineral police officers wh

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