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Uganda Telecom To Pay Shs5B To MTN

UTL Loss 5B To MTN

The bad  business deals of Uganda Telecom (UTL) continue to haunt it, the latest being the September 12, 2017 Supreme Court’s upholding of the earlier ruling that UTL pays its rival MTN Uganda Shs5 billion as ruled by the Commercial Division of the High Court in 2011. Check also: UCC takes on MTN over Internet Bundles MTN Uganda sued UTL in the Commercial ...

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Seeds, Not Diamonds, Will Make Africa Great

seeds in Africa

As I settle back in my homeland Nigeria ( west Africa) since retiring as the President of the International Fund for Agricultural Development (IFAD) in March this year, I am reminded of a local saying that when you go to the stream to fetch water, your bucket will only be filled with the water that is yours. No one can ...

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Why Jack Ma Travelled To Kenya And Rwanda With 38 Chinese Billionaires

Jack Ma

Asia’s richest man and founder of Alibaba Group,  Jack Ma is on a two-day trip to east Africa, visiting Kenya and Rwanda with 38 fellow Chinese billionaires, all no doubt poised with expensive fountain pens, ready to ink billion dollar deals. Check also: Alibaba spends $4.6B to Acquire 20% stake in Suning East Africa has become an attractive investment destination in recent years, ...

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Uganda And Tanzania Plan To Build Electric Railway Lines

electric railway

Uganda and Tanzania are looking to incorporate electric railway lines into their standard gauge railway transport network. Check also: Nigeria To Build A $2.4billion Lagos Red Line Rail Project According to the East African newspaper, the two countries are planning to upgrade the SGR project after its installment to electric lines. However, this will depend on the availability of sufficient energy supply. ...

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Kampala Landlords Threaten To Close Shops Due To Property Tax Increase

kampala shops on tax

Kampala — Kampala Capital City Authority ( KCCA ) has increased the amount of money by three times what it charges in property tax, a move that could lead landlords passing on the burden to tenants through rent. Check also: Why You Should Stop In Kampala First Before You Move To Other Parts Of Uganda A landlord, who has been paying ...

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