Ugandan moneybag, Sudhir Ruparelia's Crane Forex Bureau has been struck off the list of registered forex bureaus in the country in what appears to be another blow to the embattled tycoon. This action was taken by the country's Central Bank on Wednesday by an the Governor, Emmanuel Tumusiime Mutebile. Three
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A year ago the view from Ugandan teacher Richard Inyani's mud hut was wilderness, land untouched since the 1990s and the murderous rampages of Joseph Kony's Lord's Resistance Army. Now it's a sprawl of tarpaulin shacks housing thousands of South Sudanese, refugees fleeing a three-year civil war that has triggered
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Uganda's State Minister for Labour, Herbert Kabafunzaki who is accused of bribery was on Wednesday afternoon granted bail by the country's Anti-Corruption Court in the capital, Kampala. As part of the bail conditions, the minister was ordered to hand over his diplomatic passport and land title to court as one
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Uganda’s Central Bank, The Bank of Uganda (BoU), has reduced the Central Bank Rate (CBR), a benchmark lending rate for commercial banks by 0.5% to 11% in April 2017, down from 11.5% in February 2017. This means that commercial banks are expected to further reduce on their interest rates they
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Housing Finance Bank (HFB), one of the three indigenous banks in Uganda has recorded Shs18bn net profit in 2016, up from Shs14.6bn in 2015. This represents 23.2% growth. According to the bank’s financial results for the year ended December 2016 released on Wednesday, unlike many other banks, Housing Finance saw
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Uganda’s Members of Parliament (MPs) have expressed disappointment in Diana Atwine, the Permanent Secretary (PS) at Ministry of Health, noting that they expected more from her considering her past experience. Kalungu West MP, Joseph Gonzaga Ssewungu told off Atwine that she has since taken a soft stance on health officials
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Fresh shocking details have emerged regarding the Shs6bn presidential handshake indicating that London law firm hired to defend Uganda during the oil tax case against Heritage Oil Company received but never remitted the US$4m (about Shs14.4bn) in costs to the Ugandan Government. This revelation follows the probe into the Shs6bn
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Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian
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Small and medium Enterprises (SMEs) are set to benefit from easy access to lending facilities from KCB Bank Uganda after the bank got an extended 10M euros (about Shs38b) loan facility from the European Investment Bank (EIB). The credit line will be available to sectors across all the SMEs with
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A number of companies and organizations are recruiting. Ernst & Young is in massive recruitment for fresh graduates and finalists. Scan through the jobs available below and follow the provided links for details. ERNST & YOUNG Massive recruitment exercise in areas of Assurance (audit), Advisory (Performance Improvement-PI) and Tax Teams (Business
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