The Government of Uganda is in advanced stages of putting in place a law to protect personal data collected by both government and private sector. The parliament will soon start scrutinizing the Bill. Dubbed the ‘Data Protection and Private Bill 2015’, the Bill was tabled on the floor of Parliament
Read More
New revelations have emerged of legendary politician, Joash Mayanja Nkangi’s last moments before he passed away on Monday morning. Nkangi, 85, succumbed to suspected pneumonia after complaining of severe pain at Nakasero Hospital in Uganda’s capital, Kampala. Business Focus has learnt that the former Buganda Kingdom Katikiro who also served
Read More
The Bank of Uganda Governor, Prof. Emmanuel Tumusiime-Mutebile has said competition in Uganda’s banking sector is so stiff so much that banks can’ make excessive profits unlike before. Mutebile made the remarks during the closing of the launch of the Eighth Edition of the World Bank’s Uganda Economic Update: “Step
Read More
Uganda’s Ministry of Health is in massive recruitment, Business Focus reveals. About 150 vacancies are available at various regional and district hospitals, Mulago National Referral Hospital and Ministry of Works and Transport - East African Civil Aviation Academy (EACAA) - Soroti. The jobs available include records officers, enrolled nurses, specialists
Read More
Embattled Makerere University don Dr. Stellla Nyanzi faces arrest over harassment, Business Focus has established. In a letter from the Criminal Investigations Directorate (CID) dated March2, 2017 addressed to Stella Nyanzi through Makerere University Vice Chancellor, Prof. John Ddumba Ssentamu, Nyanzi is wanted at CID to record a statement
Read More
Uganda Telecom Ltd (UTL) Board Chairman Stephen Kaboyo has attacked Uganda Communications Commission Executive Director, Godfrey Mutabazi, noting that he doesn’t understand business matters. Kaboyo was on Thursday responding to Business Focus’ question on why he thinks UTL still has a future yet UCC boss late last year said no
Read More
A month after dfcu bank acquired the assets and liabilities of Crane bank-at an undisclosed fee, it (dfcu) has announced that it has got a capital boost of US$50M (about Shs179bn). In a statement dated February 28, 2017, the bank revealed that it has concluded an agreement with Arise B.V,
Read MoreThe Uganda Shilling depreciated marginally against the US dollar mid-week as commodity flows reduced and corporate demand slightly picked up during the week ending March3, 2017. Trading was in the range of 3585/3595. In the government securities market, yields on 91 and 182 day treasury bills dropped to 11.962% and
Read More
Uganda’s pension sector is set to become more competitive with the launch of Kampala City Traders Association (KACITA) - Uganda Provident Fund Scheme – TEGEKA which targets to mobilize savings and investment capital from over 65,000 registered members. The Fund, which provides a new vehicle of saving for traders and
Read More
The Government of Uganda will on Tuesday next week release a report on the status of Uganda’s economy. This comes following media reports that the economy has collapsed given the number of companies that have gone under in past few years. Crane Bank, the then 4th largest bank by assets
Read More
