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Tag Archives: Dfcu Bank

Blame NRM for increased inequality

Uganda’s inequality did not just happen; it was created by NRM’s unfettered markets and politics!     When I started writing this column some 10 years ago, in my second article to grace these pages, entitled, “SAPs will never alleviate poverty in Uganda until government swaps places with donors,” I …

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Is Uganda’s economy in recession?

Minister of Finance and Planning Matia Kasaija

Experts have indicated that a number of economic shocks have exacerbated the post-election slowdown of the economy! The public debate about the poor health of Uganda’s economy has refused to go away. A few months ago, representatives of government and its agencies used to dismiss anyone who dared to say …

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Smart investment of oil revenues in productive sectors the key to job creation, say experts

Petroleum Authority Boss Earnest Rubondo

What you need to know about jobs in oil sector The waiting is over and the real hard work of preparing to extract the oil that is buried hundreds of metres beneath the rocks of the Albertine Graben in Western Uganda is set to begin next year. Initial estimates indicate …

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Dfcu puts up Owino Market for auction over Shs4.83b

Dfcu Bank, under a warrant of court, has again put up two two pieces of land owned by St Balikudembe Market [ Owino Market] for auction over failure to pay a Shs4.83b debt. In a notice published on Monday the High Court Execution Division said “whereas St Balikudembe Market was …

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Sudhir knocked off list of African billionaires

Sudhir Ruparelia, 61, has been knocked off the list of African billionaires, according to details published by Forbs. The property and former banking mogul’s net worth, according to Forbes, fell to about $900m in 2016 up from $1.1b in 2015. Tanzanian business Mohammed Dewji is East Africa’s richest man. He …

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