The released Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report on the controversial closure and sale of seven defunct banks by Bank of Uganda (BoU) has recommended that the Central Bank pays billions of money to some of the bank owners for causing them financial loss. The
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The long-awaited Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report on the controversial closure and sale of seven defunct banks by Bank of Uganda (BoU) is finally out. The investigations followed the special audit report by the Auditor General that raised a number of queries in the
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Ugandans have abandoned the internet in the millions after the government imposed a social media tax last year, the Uganda Communications Commission (UCC) has said. President Yoweri Museveni had pushed for the taxes to boost government revenue and to end "gossip" on WhatsApp, Facebook and Twitter. Subscribers have to pay
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There is growing international concern about fighting between rival armed groups in South Sudan. Thousands of people have fled over the border to the Democratic Republic of Congo in recent days to escape the violence. Norway, the UK and the US - known as the Troika - say they are
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Enwealth Financial Services, one of the leading pension administrators, has expanded its operations to Uganda after being licensed by Uganda Retirement Benefits Regulatory Authority (UBRA). Enwealth that offers pension retirement training and consultancy services was founded in Kenya in 2011, and currently manages pension assets worth over USh2 trillion and
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Premier Recruitment Ltd, a labour recruitment company has sent its first batch of 8 Ugandan ladies to Jeddah, Saudi Arabia, where they will work as domestic workers on a two- year contract, Kyamutetera reports. The labour exporting agency entered Uganda’s private labour recruitment market barely 6 months ago.t The 8
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The National Local Content Bill 2019 has hit snag after the Committee on Legal and Parliamentary Affairs that has been scrutinizing it declined to continue processing it following concerns that certain sections of the Bill contravene the East African Community protocols. Tabled by Kassanda North MP, Patrick Nsamba and seconded
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The NRM rebel MPs have threatened to go to Court if the 25 Central Executive Committee (CEC) members don’t withdraw their decision to endorse President Yoweri Museveni as sole candidate for ruling party in the 2021 general elections. The six MPs led by Theodore Ssekikubo (Lwemiyaga County), Sam Lyomoki (Workers
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Captain Joseph Charles Roy (JCR) and his family trading as Ziwa Rhino and Wildlife Ranch (ZRWR) are restless after a South African investor they partnered with turned against them to the extent of wanting to grab their 16,000 acres of land, Business Focus reports. The investor in question is Angella
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The Opposition have called for the closure of Kiruddu hospital until the issue of sewerage disposal is resolved by Government, arguing that keeping the hospital in the current state is likely to put lives of patients at risk. The call for the closure was made yesterday by the Shadow Minister
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