Uganda's Central Bank Governor has revealed that he asked the State House Anti-Corruption Unit to investigate the money saga in the bank after an anomaly. Mutebile's explanation is contained in a statement issued on Friday, a day after the unit led by Lt Col Edith Nakalema raided Bank of Uganda
Read More
The head of the State House Anti-Corruption Unit has explained why her unit raided the Central Bank and made arrests. According to a statement issued on Friday, Lt Col Edith Nakalema explains that her unit was invited by the Bank of Uganda Governor Tumusiime Mutebile to investigate a matter involving
Read More
The Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) this week officially kicked-off farmer registration exercise in the five Agriculture Cluster Development Project (ACDP) Districts of Ntungamo, Nebbi, Amuru, Iganga and Kalungu. The exercise started with training of top district technical staff leadership which include; Production officers, Agriculture Officers, Sub-county
Read More
Uganda’s Speaker of Parliament Rebecca Kadaga has called President Yoweri Museveni to reign in on Finance Ministry officials and other ‘lazy’ ministers. This follows confusion that bogged the 2019/20budgeting process. While making her address ahead of the budget reading yesterday, Kadaga said that although the Ministry of Finance complied with
Read More
State House Anti-Corruption Unit has raided Bank of Uganda (BoU) arresting five directors in the ongoing corruption fight in government agencies, Eagle Online reports. According to security sources, the move to arrest the five was informed by whistleblower who informed the State House Anti-Corruption Unit about loss of huge monies
Read More
Tanzania's finance minister has announced a 25% tax on all imported wigs and hair extensions and a 10% tax on those made in the country in a bid to raise more revenue. Philip Mpango announced the measures, which should come in at the beginning of next month, as part of
Read More
A Kenya based lawyer has filed a lawsuit against Kenya Airways (KQ) for allegedly causing him embarrassment and humiliation while on a trip to Tanzania, the Standard reports. Peter Bore, who is based in Nakuru, moved to the Milimani Law Courts on Tuesday after he failed to get an apology
Read More
Islamic scholar Sheikh Ismail Ibn Musa Menk aka Mufti Ismael Menk will be in the country next week as part of his 'Building Bridges Tour.' Menk, who is also the grand mufti of Zimbabwe, is expected to be among the keynote speakers during celebrations to mark 175 years of Islam
Read More
dfcu Limited shareholders have approved a dividend payout of Shs33.01 per share translating into Shs24.69bn for the year 2018. This was reached at unanimously with only one objection during the company’s 54th Annual General Meeting (AGM) held at Hotel Africana, Kampala on Thursday 13th June 2019. dfcu Chairman, Board of
Read More
Labour recruitment and export companies have rejected the demand by government through Ministry of Gender, Labour and Social Development that they submit their 2017/18 bank statements for verification. In a letter dated 5th June 2019 to all external labour recruitment companies obtained by Business Focus, Pius Bigirimana, the Permanent Secretary
Read More
