President Yoweri Kaguta Museveni has said taxing deposits was wrong and it should stop immediately. And re-imbursments will be made. In a statement issued Thursday evening, Museveni said there was confusion about 1% and 0.5% charges on deposits on mobile money accounts which were not supposed to be taxed. “It
Read MoreMonth: February 2026
Banks Shun Private Sector As They Reap Big From Lending Gov’t
A new report has revealed how government is literally killing Uganda’s private sector and the economy at large. The Bank of Uganda (BoU) Supervision Report for 2017 released recently says that the significant increase in the banks’ investment in Government of Uganda and BOU securities, with a meager increase in
Read MoreThe normalization of relations and the adoption of the Joint Declaration of Peace and Friendship between Eritrea and Ethiopia will provide their peoples with the opportunity to focus on shared aspirations WASHINGTON D.C., United States of America, July 12, 2018,-/African Media Agency (AMA)/- The United States welcomes the July 9
Read MoreThe purpose of the State Visit to the Kingdom of Saudi Arabia, is to assess the status of bilateral relations, whilst focusing primarily on strengthening economic linkages between South Africa and Saudi Arabia CAPE TOWN, South Africa, July 12, 2018,-/African Media Agency (AMA)/- President Cyril Ramaphosa will undertake a State
Read MoreGovernment through the Ministry of Energy and Mineral Development has spoken out on the possibility of oil being discovered in Kayunga district. “There is no oil in Kayunga district,” says Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development. This is after Daily Monitor published two articles
Read MoreThe Government of South Sudan bears the primary responsibility for protecting its people JUBA, South Sudan, July 12, 2018,-/African Media Agency (AMA)/- In South Sudan, since the start of the conflict, sexual violence has been committed on a widespread and systematic scale as a tactic of war and terror. As
Read MoreSouth Africa: B2B Robo-advisor Bambu secures Series A funding to further accelerate global expansion
JOHANNESBURG, South Africa, 12th July 2018, -/African Media Agency (AMA) /- Bambu, a leading global provider of ro-bo-advisory technology, today announced it has completed a USD 3 million Series A funding led by Franklin Templeton Investments, with Singapore family office Octava and prominent Japanese Fintech investor Mamoru Taniya also joining
Read MoreStanbic Bank has been recognized as the Best Bank in Uganda at the 2018 Euromoney Awards. The Euromoney Awards for excellence are the world’s most prestigious and respected banking and capital markets accolades that recognize institutions bringing the highest level of expertise, service and innovation in the global financial industry.
Read MoreBy Peter Abaanabasazi Hoima Police in Hoima are holding 12 suspects including a top businessman in the connection to the rampant theft of livestock in Bunyoro region. The suspects are Frank Tumwine, 29, Dan Namara, residents of Buseruka sub-county in Hoima district, Karebu Rwomushana, 36, a resident of Kiryandongo district,
Read MoreThe Tanzanian government has issued a seven-day ultimatum to research organisation Twaweza to explain why legal action should not be taken against it for allegedly conducting a survey without a permit. In a letter, the Tanzania Commission for Science and Technology (Costech) wants Twaweza to state why it should not
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