The Uganda Shilling held steady against the US dollar during the week ending 24th March 2017 as demand and supply remained balanced. The absence of strong corporate demand over the past few weeks provided an opportunity for Bank of Uganda (BoU) to purchase dollars for their reserve build up. Trading
Read More
By Peter Abaanabasazi A bitter row involving Hoima District Local Government, Bunyoro Kitara Kingdom and the Church of Uganda has erupted over Shs7bn compensation to persons and institutions affected by the Kigumba–Masindi–Hoima–Kabwoya Road Project. The road in question is one of the many oil roads being upgraded and tarmacked ahead
Read More
dfcu Bank has recorded Shs46.2bn net profit in 2016, up from Shs37bn in 2015, representing a growth of 25%. According to dfcu’s financial statements released on Tuesday, loans advanced to customers increased slightly to Shs842.4bn in 2016, up from Shs806.4bn in 2015. This slow growth in lending could be attributed
Read More
The Tony Elumelu Foundation (TEF) has announced 1,000 African upcoming entrepreneurs who are set to receive seed capital worth US$10,000 (about Shs35m) each. These entrepreneurs are the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. In a March 22, 2017 statement sent to Business Focus, 74 Ugandan entrepreneurs
Read More
Johnson Basangwa, a resident of Bukwenge, Kamuli Municipal Town in Kamuli district is a true testimony of saying ‘start small and grow big’. Having started with 500 chickens in 2007, now he operates a poultry farm – JEKA – where he now owns 20,000 chickens which on average lay 200
Read More
Ugandan President, Yoweri Musevni on Monday revealed why he decided to set up a farm in Luweero district arguing that some stubborn Ugandans inspired him. The president revealed this during a tour of the Kawumu Presidential Farm in Makulubita Sub-county, Luweero District that saw him display rear farming skills. [caption id="attachment_566" align="alignnone"
Read More
United States of America (USA) domestice intelligence unit, the Federal Bureau of Investigations (FBI) is currently leading investigations into the murder of slain police spokesperson. We have established that officials from the sophisticated intel unit have already visited the scene to help ascertain who could be behind the gruesome murder
Read More
Former Presidential candidate, Kizza Besigye has blamed 'overzealous' police officers for blocking him from attending slain Assistant Inspectoer General of Police, Andrew Felix Kaweesi's requiem mass. Besigye who was traveling in his personal car to the service at Lubaga Cathedral in Kampala was rurned away by police officers who did
Read More
Uganda's Tax body, Uganda Revenue Authority (URA) has again come under the spotlight over allegations that it connived with a steel company to evade paying tax worth Shs1.2trn. As a resutl, the country's Deputy Speaker of Parliament has ordered an investiagtion over claims that URA allowed steel producers to by
Read More
Ugandan President Yoweri Museveni has threatened to act if the country's police does not do enough to eliminate sloppiness. The president made this warning on Sunday during a visit to the bereaved family of fallen police spokesperson, Andrew Felix Kaweesi in Kulambiro, near the capital Kampala. "To the Police, there
Read More
