Over 1000 to petition Museveni for shs15bn lost in recent cryptocurrency scam
In November, the Internal Security Organisation arrested Andrew Kaggwa, the Chief Executive Officer for Global Cryptocurrencies Limited for fleecing thousands of Ugandans including senior army...
View ArticleBank of Uganda, UDC suffer huge losses in 2019
Bank of Uganda lost more than Shs 800 billion last financial year notes the report of the Office of the Auditor-General for December 2019. According to the report, the Auditor General scrutinized the...
View ArticleOpposition opposes move to recapitalize Bank of Uganda
the leader of the opposition has said that Bank of Uganda’s continued recapitalization will breed financial indiscipline at the institution. Her fears are contained in her response to the 2020/2021...
View ArticlePastor Kayanja spreads the gospel of farming
Kayanja, who is the founder and senior pastor of Miracle Centre Ministries in Rubaga, said the Harvest Money Expo is a must-attend. Kayanja made the remarks during a guided tour of his 640-acre...
View ArticleNational Budget to over hit Shs 39 trillion
Parliament yesterday passed the National Budget Framework Paper which projects a budget of Shs 39 trillion for the financial year 2020/2021. This will be Shs 5 trillion more than last year’s budget...
View ArticleKQ, RwandAir and Air Tanzania suspend flights to China over Coronavirus
Kenya Airways has suspended flights to Guangzhou, China over the Coronavirus, days after it said it was monitoring the situation. The airline now joins RwandaAir and Tanzania’s national carrier Air...
View ArticleUganda leads EAC in ease of forex access
Uganda leads the rest of East Africa in ease of access to foreign exchange, according to the 2019 Absa Financial Market Index.The country, according to index, scored 70 out of 100 points compared to...
View ArticleRiver Nile dam talks extended
Talks to resolve a long-running dispute between Ethiopia, Egypt and Sudan on the fate of Africa’s largest hydropower project are continuing in Washington, US, a day after they were initially supposed...
View ArticleStrained relations with neighbor countries dominate Uganda’s 2020/21...
The government has listed priority areas to energize the economy in the financial year 2020/2021 against the backdrop of widening trade deficits and local revenue gaps. In its report on the Budget...
View ArticleLusembo turns eyelashes into gold
Ms. Meg Lusembo is on the path of joining the club of Ugandan female self-made millionaires with her beauty company – Smukke Lashes.Apparently the former model, who started her brand only two years...
View ArticleMuseveni: Exporters to up dialogue with govt
The appeal was made by President Yoweri Museveni in a speech read for him by the Justice and Constitutional Affairs minister, Prof. Ephraim Kamuntu, at the 2019 President’s Export Awards Dinner at...
View ArticleBoU reduces central bank Rates by 1%
The revelation was done during a Monetary Policy Committee (MPC) Press Conference at the BoU head offices in Kampala. According to BoU, the economy continues to grow although at a slowing rate. While...
View ArticleKITAKA: KCCA to begin work on roads
KCCA’s acting executive director Eng. Andrew Kitaka has said works to signalize 13 junctions have already commenced along; Ntinda Junction, Martyr’s Way Junction, Ssemawata Junction, Ntinda 2...
View ArticleLabor companies to lose licences over fees
Any agency that has collected placement fees from a worker before signing an employment contract must refund the money not later than 14 days from today. Failure to do so will lead to immediate...
View ArticleICPAU: Audit firms are producing poor reports –
Audit firms in the country are still producing poor audit reports, tarnishing the image of local audit firms, a survey by the Institute Certified of Public Accountants of Uganda (ICPAU) on the quality...
View ArticleUCC: Airtel has the fastest Internet speed
The latest Quality of Service study (QoS) released by the telecom regulator ranks Airtel as the leading data speed provider with slightly above 14 megabits per second (Mbps). According to the Uganda...
View ArticleGovernment moves to sweep the dirt out of Bank of Uganda
The government has proposed a slew of changes at Bank of Uganda aimed at strengthening its oversight role of the commercial banking sector. The changes, which were communicated through a Treasury...
View ArticleUTB and Uganda Airlines partner to promote tourism
Uganda Tourism Board (UTB) and Uganda Airlines have signed a partnership that will see both government entities strive to increase the inflow of tourists into the pearl of Africa as well as making...
View ArticleBritain seeks closer economic ties with Africa following Brexit
Britain is leaving the European Union on Friday, starting the clock on an 11-month transition period during which the country will try to sign as many new trade deals as possible. African countries...
View ArticleAmericans pledge to invest over $300m in Uganda’
A delegation of African American investors has pledged to invest to a tune of s1.1 trillion ($300m) in the health and real estate sectors in Uganda. According to Mark Anthony Hernandez, they chose to...
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