Ethnic clashes hit Somaliland ahead of this year’s elections
Somaliland leader Muse Bihi had been planning for elections later this year when violence erupted in Sool, the region shared with Puntland. Those clashes, along ethnic lines, could hurt any sympathies the world may have on Somaliland’s ambitions to be independent of Somalia.
dfcu bank CEO Katamba steps down
dfcu bank CEO Katamba steps down Mathias Katamba, CEO dfcu Bank (PHOTO/Courtesy) KAMPALA —dfcu Bank Chief Executive Officer Mathias Katamba has confirmed that he is leaving the bank after four years at the helm of the second-largest commercial bank in Uganda. Katamba an economist, business...
China insists COVID-19 situation ‘predictable, under control’
In this photo released by Xinhua News Agency, a medical worker helps a patient on an intravenous drip at a community health care institution in Shanghai, China, Jan. 5, 2023 China’s Foreign ministry pushed back Friday against international reactions and criticism regarding its recent surge...
Spain investigates Equatorial Guinea president’s son for kidnapping
Equatorial Guinea President Teodoro Obiang Nguema Mbasogo The son of Equatorial Guinea’s long-ruling president is under investigation in connection with kidnapping and torture allegations that observers say will damage the president’s attempts to improve his international reputation. Teodoro Obiang Nguema Mbasogo, 80, has ruled the...
Businesses hope for better 2023 even as Russia-Ukraine war persists
For many businesses, the pain and distress from the spike in fuel prices, the Russia-Ukraine war and the subsequent announcement of an Ebola outbreak, were visible in their financial books. It wasn’t all gloomy as several banks registered a slight increase in sales and profits...
Rwandan confesses to killing bro with hammer over piggy bank in Lubaga
John Ayagamba, a Rwandan national has allegedly confessed to murdering his elder brother, Riky Kabagambe. Ayagamba was arrested alongside 15 other suspects after Kabagambe’s lifeless body was earlier found last week in a pool of blood at Kinonya zone, Masanafu parish, Lubaga division, Kampala. Homicide...
EXCLUSIVE: An interview with Mathias Katamba, on why he is leaving dfcu Bank and his next moves
Mathias Katamba has been dfcu Bank Chief Executive Officer since 2018 and has led the bank through probably its toughest time in its 58-year history. Mathias Katamba, the outgoing Managing Director and Chief Executive Officer of Uganda’s dfcu Bank, has spoken to CEO East Africa...
AfCFTA’s mixed fortunes in bid to ride US’s coat-tails
The arrangement is contained in an MoU signed in mid-December with the US-Africa Business Center, an affiliate of the US Chamber of Commerce to advance trade relations with Africa.
Kakiri police commander arrested over selling marijuana exhibits
Hannington Asiimwe allegedly sold off the exhibits Kakiri Policing Division operations commander Hannington Asiimwe has been arrested and detained on accusations of selling six sacks of marijuana exhibits. Asiimwe, according to police sources, conducted an operation in areas of Masuulita, on Christmas eve, where he...
Africa looks inward to slowly regain its mojo
Global misconceptions have shaped opinions and it’s hard to determine who exactly fuels these misconceptions but then again, the world has generally been driven by narratives based on absolute misconceptions.
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