2019 promises to be an exciting year for Uganda’s banking sector as smaller banks aim to take on the ‘big boys’. Banks are set to build on gains registered in 2018 to offer more customer-friendly products and services. According to Bank of Uganda (BoU) private sector credit increased to 12.2%
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Busitema University has joined the strike by staff at public universities in Uganda. Eng. Godfrey Ssajja Ssali, the Chairperson of the Busitema University Academic Staff Association - BUASA says they are have decided to join the rest of the public universities following a joint resolution by the Forum for Academic
Read MoreHerbert Muhangi, the former Commandant of the Police Flying Squad and five other senior police officers have been charged for failure to protect war materials, aiding and abetting kidnaps in Uganda. The six appeared before the Makindye based General Court Martial Chaired by Lt. Gen. Andrew Gutti on Tuesday afternoon.
Read MoreGreat Lakes Africa Energy (GLAE), a United Kingdom registered, sub-Sahara focused energy solutions provider is set to celebrate its seventh anniversary and launch the recently completed US$ 25million (Shs93bn) solar power generating plant in Uganda. Acting as the lead financial and technical investor, GLAE is part of a development consortium
Read MoreAuthorities in Zambia have ordered a local manufacturer to stop the production and distribution of an energy drink that reportedly caused a prolonged erection in a man. The move comes after the Uganda Bureau of Standards (UBS) said in a letter dated 4 January that it had tested samples from
Read MoreUganda’s Ministry of Health failed to spend Shs3.6bn provided for in the 2017/2018 national budget yet it has a huge domestic debt. This is contained in the Auditor General’s 31st December 2018 Audit report. The report indicates that the institution is grappling with domestic arrears amounting to Shs42.59bn. After the
Read MoreEgypt will host the 2019 Africa Cup of Nations, the Confederation of African Football (Caf) has announced. Egypt beat South Africa, the only other nation to submit a bid, in a vote held at a Caf executive committee meeting. Original host nation Cameroon was stripped of staging duties in November
Read MoreBy BBC SPORT Reaching the Asian Cup finals for the first time would be no small achievement for Yemen at the best of times. But doing so as war and famine push the poorest country on the Arabian peninsula into the abyss has made it a minor miracle. This is
Read MoreUganda's Finance Minister, Matia Kasaija, has refuted media reports that the country could lose property if it fails to service the public debt that now stands at a whopping Shs41.Tn. Kasaija made the statements on Tuesday following local media reports that the government is poised to lose property over the
Read MoreThe outgoing Chairperson of Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu has spoken out publicly for the first time about what has turned out to be the ‘COSASE leadership saga’. This is after Speaker Rebecca Kadaga extended the tenure of Katuntu led Committee by a
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