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Uganda renews its Nuclear Ambitions, signs deal with Russian firm Rosatom to build plant
The government of Uganda has agreed with the Russian Federation to cooperate in the peaceful application of atomic energy...
Even before it opens its doors in Uganda, Carlson Rezidor is locked in a Sex abuse and Corruption scandal involving a Government Minister
It has been around for over 75 years and manages a network of over 1,400 hotels and 90,000 employees,...
Two billion people drinking contaminated water
“Today, almost two billion people use a source of drinking-water contaminated with faeces, putting them at risk of contracting...
The Dangote Group owned by Africa’s richest man, Aliko Dangote on Sunday began construction of a $1 billion cement factory in Okpella, Edo state. It was a double ceremony as the billionaire businessman was also born on Sunday, April 10th. According to the News Agency of Nigeria, the six... Read more
Kenyan President Uhuru Kenyatta said he supported central bank Governor Patrick Njoroge’s actions to protect depositors’ money, a few days after Chase Bank Kenya was put under receivership. Mid-sized Chase Bank was the third lender to be taken over by the central bank in nine months, fuelling worries over... Read more
Zimbabwe’s government may issue treasury bills, along with imposing a land levy, to raise money to compensate evicted white farmers but the process will take a long time to settle, Finance Minister Patrick Chinamasa said on Thursday. President Robert Mugabe early this month agreed to major reforms, including compensation... Read more
Nigeria’s President Muhammadu Buhari will check the 2016 budget bill passed last week “ministry by ministry” before signing it, he said on Thursday, signaling further delays before the legislation takes effect. The budget for Africa’s top oil producer has been held up for months as Buhari had to withdraw... Read more
Kenya’s economy is expected to expand this year and next, helped by low oil prices, improved agricultural output, supportive monetary policy and ongoing infrastructure investments, the World Bank said on Thursday. However, the bank said growth could be held back by domestic factors related to the country’s next presidential... Read more
South Africa has launched a corruption probe into President Jacob Zuma’s son Duduzane and the Guptas, a family of businessmen accused of wielding improper political influence, a police spokesman said on Wednesday. A spokesman for the elite ‘Hawks’ police unit said it would investigate the graft allegations after a... Read more
Equity Bank (EQTY.NR), Kenya’s biggest bank by deposits, may be interested in buying parts of Barclays’ (BARC.L) Africa business, its CEO said on Tuesday. James Mwangi told Reuters he saw potential acquisition opportunities following Barclays’ decision to reduce its stake its Barclays Africa Group (BGAJ.J), which has businesses across... Read more
South African police said on Tuesday finance minister Pravin Gordhan may face legal action for not cooperating with an investigation of surveillance by the revenue service, escalating a public row and rattling the rand and bonds. In a tussle that has raised concern about the direction of policy in... Read more
Nigeria’s state oil company withheld 3.2 trillion naira ($16 billion) in revenues from the federal government in 2014, the auditor-general said on Monday, the same year that the central bank governor was suspended after making a similar assessment. Constitutionally, the Nigerian National Petroleum Company (NNPC) must hand over all... Read more
Kenya Airways expects to report an improvement in operating profit and narrower losses for the year ending in March because of savings made by reducing the size of its fleet and lower fuel costs, its chief executive officer said. Mbuvi Ngunze also told Reuters that the airline expects to... Read more