The Bank of Tanzania (BoT) has moved to shut five non-performing lenders down in a bid to protect the stability of the neighbouring country's banking system. A statement released by BoT Thursday revealed the affected banks as Covenant Bank For Women Limited, Efatha Bank Limited, Njombe Community Bank Limited, Kagera
Read More
Investors devoted to the idea that inflation will stay subdued should be worried. Worldwide data have recently made clear that producer-price increases have picked up steam. That’s led bond buyers to begin wagering that consumer inflation could be soon to follow, with U.S. breakeven rates above 2 percent in many
Read More
Kampala Capital City Authority (KCCA) in partnership with Uganda National Bureau of Standards (UNBS) Thursday closed nine butcheries across Kampala for using dangerous chemicals including formalin (used to preserve dead bodies) to preserve meat. Most of the affected butcheries are located in Kalerwe and Ntinda. Dr. Emilian Ahimbisibwe, KCCA’s Supervisor
Read More
By Aloysious Kasoma Diamond Trust Bank Uganda has received a license from Insurance Regulatory Authority (IRA) to provide Bancassurance as a product on the Ugandan market. Bancassurance simply means the selling of insurance products and services by banks. Bancassurance takes effect in Uganda following the passing of the Financial Institutions
Read More
This article exposes the secret methods certain pastors use to get rich off God’s people. Have you ever wondered how some pastors start a church and then become wealthy living in flash houses and driving luxury cars? Well this article exposes how they do it, extracting money from their congregations
Read More
The authorities in Equatorial Guinea say they thwarted an attempted coup in late December. At least 30 armed men were arrested recently in Cameroon, near the border with Equatorial Guinea. Security Minister Nicholas Obama Nchama said radical opposition parties had recruited mercenaries to overthrow the government of President Teodoro Obiang
Read More
Specialist global risk consultancy, Control Risks in its annual political and security risk forecast RiskMap has revealed risks for business in Uganda and East Africa at large in 2018. “In Uganda, speculation over President Yoweri Museveni’s succession plans is likely to persist, despite the likely passage of a constitutional amendment
Read More
Depending for a livelihood on the very repressive government that one criticises is a non-starter. Resisters in the opposition need to expand our wealth bases. One of last year's dearest lessons for me as a die-hard opposition member who is sold out to Uganda's liberation struggle is the need for
Read More
2017 was the safest year in history for commercial airlines, according to industry research. There were no passenger jets crashes anywhere in the world, separate reports by Dutch consultancy To70 and The Aviation Safety Network found. This was despite more flights being made than ever before. But To70 warned that
Read More
The year 2018 began with a reassuring gun action against robbers by the police following a foiled robbery at Azam Factory in Namanve. The three robbers identified as Akampa Jimmy, Bwakya M. Roben and Ibrahim never lived to smell the scent of the new year at the hand of Bweyogerere
Read More
