Ugee

Woolworths Uganda has refuted unfounded rumours that the giant Uganda store is to close following Woolworth's collapse in UK. “Woolworths Uganda, a subsidiary of Woolworths SA, is not owned by the collapsed UK Giant that tumbled early this year with a loss of over 35000 jobs.

BARCLAYS Bank has denied rumours that it is closing down due to the global credit crunch. The laying off of 200 employees in uganda sent panic among savers with a rumour that the mighty bank might close leaving savers stranded. Also the announcement by Barclays Bank group that it would undertake a restructuring exercise and lay off more than 4,200 employees, mainly in the UK sent savers scrambling to the bank to withdraw their savings.