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National Housing launches Impala estate

Impala Housing Estate in Namungoona, Kampala, which adds 133 housing units and 192 apartments to the country’s housing sector, has been launched. Set up by the National Housing and Construction Corporation (NHCC), this is the 4th phase in the Namungoona area and is an addition to the existing 200 units …

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Thousands stranded as third Nigerian airline grounded

Lagos, Nigeria | AFP | Thousands of passengers across Africa have been left stranded after Nigeria’s largest airline said Tuesday it had suspended operations and might remain grounded for several days. Arik Air attributed the “temporary disruption” to “pending approval of aircraft documentation related to insurance renewal… a challenge due …

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Women activists arrested over age limit bill protest

Twenty four women activists from Uganda’s civil society were today arrested near the National Theater where they were planning to march to parliament to deliver a petition opposing a bill which proposes to extend the retirement age of judges. They were taken to Kiira police station. No charges have been preferred against them and they …

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DFCU nets Shs 9.6bn profit

DFCU Bank shareholders are hopeful that 2016 will be good following the release of their company’s half year 2016 un-audited financial statements, which have indicated a Shs 9.6 billion increase in profit compared to the same period last year. According to the financial performance for the first half of the …

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Umeme profits slide

UMEME: NSSF to reap Shs 2.5 billion in dividend payment for first half of 2016 Utility company Umeme has released their 2016 half year results, which indicate that there was a significant revenue growth but an attendant rise in cost of sales means that there will be less profits for …

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Government to start nursery schools next year

The Ministry of Education is finalising plans to introduce nursery classes in public schools starting next year. Janet Museveni, the Education and Sports minister, made the announcement while closing the education sector review conference recently. Private schools have been the sole providers of nursery education, which has seen costs skyrocket …

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Ugandans face South Sudan debt headache

 Government moves to get South Sudan pay up multi-million dollar debt to Ugandan traders Over the last nine years, Appolo Nyagamahe, the proprietor of the Aponye Enterprises, has been going through a period of bitterness. Since 2008, he has suffered the ordeal of being forced to liquidate some of his …

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