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KPMG banned from auditing South Africa’s state bodies

Johannesburg, South Africa | AFP | South Africa on Tuesday announced it has banned KPMG from auditing its government institutions following a series of scandals involving the international auditor in the country. The decision to terminate KPMG’s contracts is with “immediate effect”, auditor-general Kimi Makwetu’s office said in a statement. …

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Banks court small borrowers

Centenary becomes third bank to unveil micro-loans to customers via mobile phones Kampala, Uganda | ISAAC KHISA | Despite talk that micro-loans may not create a big impact on the economy, the scramble for a share of the small loans business by Uganda’s banking industry continues to gain momentum. Centenary Bank …

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U.S. Ambassador to promote Ugandan coffee in America

Seattle, US | THE INDEPENEDENT | More than twenty Ugandan Coffee Roasters will join coffee professionals from around the world for the Specialty Coffee Association’s annual Specialty Coffee Expo this week. The five-day expo opening this Thursday in Seattle, Washington, will be used to tap into the unexploited American coffee …

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COMMENT: Manufacturing in the global south

How declining global labour costs and increasing robotics are conspiring against manufacturing there COMMENT | OTAVIANO CANUTO | In emerging markets, manufacturing has historically been a source of productivity, growth, and jobs. Since the 1950s, industrialisation has kept economies in Latin America, Asia, and Eastern Europe on a steady glide toward …

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New ICT policy targets telecom companies

Kampala, Uganda | JULIUS BUSINGE | The cost of internet and related services could soon drop further if the proposed sector broadband policy is implemented, according to the Minister of Information Technology and Communications, Frank Tumwebaze. Tumwebaze, who spoke on the sidelines of the 19th ordinary session of the African Telecommunication …

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