Govt Financial Schemes Fail Due to Lack of Skills – Expert

[Monitor] Kampala -Most government schemes that are aimed at boosting income of Ugandans have failed due to lack of entrepreneurship skills among beneficiaries, a business expert has said.

[Monitor] Kampala -Most government schemes that are aimed at boosting income of Ugandans have failed due to lack of entrepreneurship skills among beneficiaries, a business expert has said.

source: AllAfrica News: Uganda

The Crane Bank Affairs Enter Murky Third Phase

[Monitor] In 2016, Crane Bank spectacularly suffered a run on its deposits forcing Bank of Uganda to exercise its statutory powers to take over as manager. Crane Bank was kept open while being shopped around to different buyers. BoU is believed to have…

[Monitor] In 2016, Crane Bank spectacularly suffered a run on its deposits forcing Bank of Uganda to exercise its statutory powers to take over as manager. Crane Bank was kept open while being shopped around to different buyers. BoU is believed to have spent up to Shs200 billion keeping the doors open. The bank was finally sold to Dfcu, who in turn diluted some shareholding to finance the acquisition.

source: AllAfrica News: Uganda

Ex-President Makes Political Comeback

[VOA] Senegal’s former president, Abdoulaye Wade, is making a comeback. The 91-year-old politician returned to Senegal this week for the second time since his 2012 defeat, and will be on the campaign trail for the next two weeks [until July 28], travel…

[VOA] Senegal's former president, Abdoulaye Wade, is making a comeback. The 91-year-old politician returned to Senegal this week for the second time since his 2012 defeat, and will be on the campaign trail for the next two weeks [until July 28], traveling around the country to boost his party's chances in the legislative elections at the end of this month.

source: AllAfrica News: Senegal

Musisi Blocks Lukwago’s Salary Arrears

[Monitor] Kampala -Kampala Lord Mayor Erias Lukwago will have to wait a little longer before he can smile to the bank after Kampala Capital City Authority (KCCA) executive director Jennifer Musisi once again dismissed his demands as “illegal”.

[Monitor] Kampala -Kampala Lord Mayor Erias Lukwago will have to wait a little longer before he can smile to the bank after Kampala Capital City Authority (KCCA) executive director Jennifer Musisi once again dismissed his demands as "illegal".

source: AllAfrica News: Uganda

Government to Compel UTL Former Bosses to Refund Billions

[Monitor] Kampala -The government will require Uganda Telecom Limited (utl’s) former managing director, Mr Mark Shoebridge and the former Chief Finance Officer, Mr James Wilde to refund $347, 256 (Shs1.2 billion) the company paid a private company in 2…

[Monitor] Kampala -The government will require Uganda Telecom Limited (utl's) former managing director, Mr Mark Shoebridge and the former Chief Finance Officer, Mr James Wilde to refund $347, 256 (Shs1.2 billion) the company paid a private company in 2012 to share communication infrastructure.

source: AllAfrica News: Uganda

Why 2017/18 Fiscal Year Will Be Tough for TRA

[Citizen] Dar es Salaam -The Tanzania Revenue Authority (TRA) will be under intense pressure in the current financial year as it seeks to collect an amplified amount in tax revenue against a backdrop of missed targets in 2016/17.

[Citizen] Dar es Salaam -The Tanzania Revenue Authority (TRA) will be under intense pressure in the current financial year as it seeks to collect an amplified amount in tax revenue against a backdrop of missed targets in 2016/17.

source: AllAfrica News: Tanzania

Dart Set to Introduce New Smart Cards

[Citizen] Dar es Salaam -The Dar es Salaam Agency Rapid Transit (Dart) will soon introduce new smart cards, whereby Usafiri Rapid Transit (Udart) commuters will have to register personal information before purchasing the cards, The Citizen can reveal.

[Citizen] Dar es Salaam -The Dar es Salaam Agency Rapid Transit (Dart) will soon introduce new smart cards, whereby Usafiri Rapid Transit (Udart) commuters will have to register personal information before purchasing the cards, The Citizen can reveal.

source: AllAfrica News: Tanzania