Demarcation for SGR route starts
Government has started demarcating the route for the Standard Gauge Railway (SGR) to avoid encroachment. The SGR is one of the signature government infrastructure projects that is supposed to ease the...
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Airtel recognized as Uganda’s top tax contributor
Airtel Uganda has been recognized as Uganda’s largest tax Payer and rewarded for their compliance in remitting taxes to the Uganda Revenue Authority (URA). The announcement was made during the Uganda...
View ArticleKasaija tells Ugandans to stay away from cryptocurrencies
The Ministry of Finance, Planning and Economic Development and the Central Bank have urged Ugandans to stay away from cryptocurrencies saying the government does not recognize any cryptocurrency as...
View ArticleMinisters clash over the legal use of cryptocurrencies
Two ministers in the ministry of Finance, Planning and Economic Development Ministers have given different positions in regards to the use of cryptocurrency in Uganda. Cryptocurrencies are digital...
View ArticleNabbanja replaces Wapakabulo as UNOC CEO
The board of the Uganda National Oil Company has appointed Proscovia Nabbanja as the Chief Executive Officer, replacing Josephine Wapakabulo who resigned unceremoniously from the company. According to...
View ArticleProf. Benedict Oramah wins Renaissance and Diaspora Network Private Sector...
Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), on Saturday at the United Nations Headquarters in New York, received the 2019 African Renaissance and Diaspora Network...
View ArticleUganda oil firms ready to resume operations
Ugandan oil companies have caved in to pressure and proposed fresh dialogue to resolve the current standoff with the government, a month after suspending all technical activities in Uganda’s budding...
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DFCU exit’s Meera Investment properties, to avoida legal battle
DFCU Bank has sought the services of a consultant to help them come up with a relocation plan from 22 properties that belong to Meera Investments Limited, which is part of the Ruparelia Group of...
View ArticleBOU reduces CBR by 1% as demand for commodities remains low
The Central Bank of Uganda is worried about the declining demand for commodities on the market which has been attributed to government’s increased financing of projects through foreigners who...
View ArticleUganda’s economy expands to Shs122.6 trillion
Uganda Bureau of Statistic (UBOS) has rebased the Gross Domestic Product (GDP) using the 2016/17 base year which has revealed that the size of Uganda’s economy is now Shs122.6 trillion, which...
View ArticleBoU opposes midterm access to NSSF money
Bank of Uganda (BoU) has expressed concern over a proposal to allow the National Social Security Fund (NSSF) members have midterm access to their money.The Ministry of Gender, Labour and Social...
View ArticleOil companies invited for bids to start operating
The licensing process has three main stages namely; Request for Qualification (Prequalification), Request for Proposals (Bidding) and Negotiation. The Manager, Second Licensing Round and the Ag....
View ArticleThe government in search of new Uganda Airlines boss
Government is in the process of recruiting a substantive chief executive officer for Uganda Airlines, The process, which is still in early stages, will see the Ministry of Works and Transport engage a...
View ArticleUganda Embassy in the USA gets wall icon for Youth Empowerment
Celebrating its 100th anniversary, the International Labour Organization (ILO) has painted an icon at Uganda Embassy in New York recognise efforts the government has put to solve youth unemployment....
View ArticleInternational Finance Corporation earmarks $70 million for Umeme
The International Finance Corporation (IFC) has earmarked a $70 million loan for power distributor Umeme to upgrade the distribution network. According to a 30 May IFC disclosure, the upgrade is meant...
View ArticleURA to auction Ugandan vehicles stuck at Mombasa
In a public notice released by Dicksons Kateshumbwa, the commissioner in charge customs at URA, the tax body says for several years, a number of used motor vehicles have been abandoned at Mombasa but...
View ArticleMUTEBILE ALSO DISMISSES EXTRA CASH PRINTED
The Central Bank governor Emmanuel Tumusiime Mutebile has reiterated that there was no extra consignment containing printed money besides that which was officially sanctioned by the bank. Notably,...
View ArticleHOW TO GROW CHIA SEEDS
By Jolly Gwari It is very important for farmers in Uganda to think about farming chia seeds because they are not only delicious to eat but also serve as a cure for a wide range of diseases. Notably,...
View ArticleNSSF OPENS SHOWY MBARARA CITY HOUSE
By Jolly Gwari National Social Security Fund (NSSF) has unveiled the new NSSF Mbarara City House, a modern complex worth UGX 3.9 billion. The National Social Security Fund has over the years invested...
View ArticleCRYPTOCURRENCIES ARE RISKY: BOU WARNS PUBLIC
The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies. Remarkably, the bank’s deputy governor Dr...
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