Uganda's Leader of Opposition in Parliament (LoP), Winnie Kiiza has urged Ugandans to reject the motion passed by the ruling National Resistance Movement (NRM) legislators seeking to remove the constitutional age caps. Winnie made this call in a Facebook post a day after legislators and Ministers passed a motion to
Read MoreMonth: June 2025
13 Ugandan banks risk collapsing if three of their largest borrowers defaulted, according to the 2016 Annual Supervision Report published by Bank of Uganda (BoU) last week. If the three borrowers defaulted, the banks would become significantly undercapitalized; a thing that might see BoU take them over just like it
Read MoreFamily business-focused lender M Oriental Bank has revealed that it has stopped doing business with debt-ridden retailer Nakumatt. Responding to a story carried by The Standard last month in which the retailer’s debt position was reported to have jumped from KSh18 billion to about KSh30 billion, M Oriental Bank said
Read MoreTony Elumelu: The Pervasive Negative Narrative Around Africa Is Our Continent’s Greatest Challenge
At a gathering of senior policymakers and developments experts hosted by UK’s leading foreign policy institute recently, the Chairman of Heirs Holdings and one of Africa’s richest men, Tony Elumelu, spoke on a panel alongside United Kingdom Minister of State, Department for International Development (DFID), Rory Stewart, OBE, where he
Read MoreTuesday September12, 2017 will no doubt remain in the history of Uganda. The day was characteristically an unusual one at Parliament as ruling National Resistance Movement (NRM) MPs were seen in the corridors of Parliament smiling from ear to ear life the proverbial dog. Little did Ugandans know that the
Read MoreKenyan opposition leader Raila Odinga, whose petition to re-run the August presidential election over voting irregularities has been upheld by the Supreme Court, is addressing crowds in the opposition stronghold of Kibera in Nairobi. The timing of the rally is deliberate, taking place at the same time as President Uhuru
Read MoreMPs from Uganda's ruling NRM party have agreed to table a private member's bill in parliament, proposing the removal of the presidential age limit, reports BBC. If successful the bill would make President Yoweri Museveni, who is believed to be 73 years old, eligible to stand again in the next
Read MoreStandard Bank Group Ltd. appointed Sim Tshabalala as sole chief executive officer, ending a dual role he shared with Ben Kruger, and making him the first black person to lead Africa’s largest lender independently, reports Bloomberg. Kruger, 58, will step down as joint-CEO immediately and continue as an executive director,
Read MoreMTN Uganda and the National Social Security Fund (NSSF) on Tuesday announced a partnership that enables payment of social security contributions using Mobile Money. The partnership enables NSSF members on the NSSF Voluntary Membership Plan as well as small and medium sized entities to conveniently make payments using MTN Mobile
Read MoreZimbabwe's First Lady, Grace Mugabe, has denied assaulting South African model Gabriella Engels with an electric cable in a Johannesburg hotel suite last month, saying an "intoxicated and unhinged" Engels attacked her with a knife. In a previously unreported Aug. 17 deposition seen by Reuters, Mugabe countered 20-year-old Engels' version,
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