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Nyakake Amooti, a local business woman in Hoima District Munteme village received a call from that seemed to have brought good news.

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Ever received an international call but saw a hidden or local mobile number displaying on your cell phone? Well this means someone illegally brought the call to you and pocketed your telecom’s interconnect revenue. Welcome to SIM box fraud.

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Telecoms losing billions of shillings

With eight operators, Uganda is one of the countries with the highest number of telecom operators across the continent. At least 20 million people using mobile phones in the country. There has been a high attraction of fraudsters to cash in on the returns.

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Centenary, Stanbic, and Barclays, the cream of Uganda’s banking industry have all released their 2015 financial accounts. And in each case, profits and assets registered growth. The only exception thus far has been DFCU whose net profit declined due to a rise in non-performing loans.

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Stanbic Bank launched a pioneer community banking product aimed at simplifying banking for the NGOs and CBOs or community based organisations.

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Financial inclusion is the new buzzword in international development.

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A rising tide, lifts all boats. NIC holdings formerly National Insurance Corporation (NIC) limited has registered a 7% rise in group net profit to Ugx1.9billion for 2015 from Ugx1.798billion in the year 2014.

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Mary Kyomuhendo, a senior consultant at one of the top Multi-National Companies having its subsidiary branches in Kampala has been battling serious illness following a deadly car she survived narrowly.

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There is new trend in Uganda - business giants of yesterday are crumbling. The worst part is that some of these have board members, are audited by “big four firms” and have ‘vibrant’ internal audit departments.

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Let’s set the record straight – you must invest money in order to suc­ceed. Your choice of business and entrepreneurial acumen will determine your profitability and future success.

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Inflation is starting to creep up as the election year comes around the corner. At the same time the shilling is rapidly losing ground against the dollar. The shilling is trading at an average 3,500 against the greenback, its lowest level.

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The tax body’s revenue performance report released at its headquarters in Nakawa, Kampala shows that URA had a net revenue collection of 9.71 trillion surpassing its target of 9.57 trillion in the 2014/2015 financial year.

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Managing risk in line with strategic objectives is every board’s critical role. As risk management function evolves to become a core area of business practice driven by the board, it is important to empower individual staff at the company level to be risk champions in their department. This calls for automated risk management processes and regular trainings of staff.

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Founded in 1960, Cooper Motor Corporation (CMC) has undergone a comprehensive organizational transformation aimed at exceeding customer needs and experience.

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My name is Suzan Ajok, I am the Executive Director for Straight Talk Foundation and I have served in this organization for the past eighteen years in different capacities.

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