Kenya President Uhuru Kenyatta (pictured) has announced a new raft of measures aimed at combating the spread of Covid-19, which has so far infected 158 people and claimed the lives of six patients. Speaking from State House, Nairobi on Monday afternoon, the President announced the immediate cessation of movement in
Read MoreMonth: November 2024
BoU To Offer Liquidity Support To Distressed Banks As Key Lending Rate Is Cut To 8%
The Bank of Uganda (BoU) has in the April 2020 Monetary Policy Committee (MPC) meeting reduced the Central Bank Rate (CBR) by 1 percentage point to 8 percent, up from 9%. The CBR is a benchmark lending rate for commercial banks. In the Monetary Policy Statement for April issued this
Read MoreThe management of Uganda Prisons Services has recommended to the Attorney General, William Byaruhanga to pardon and release about 2000 prisoners in a move aimed at decongesting the prisons and avoid the spread of Coronovirus within the detention facilities. The plan was revealed today by Commissioner General, Uganda Prisons Services,
Read MoreThe newly appointed Bank of Uganda (BoU) Deputy Governor, Dr. Michael Atingi-Ego (pictured) is currently holed up in United States of America and therefore will be vetted by Parliament’s Appointments Committee using teleconferencing. Atingi-Ego was set to appear before the Appointments Committee this morning, but sources on the committee revealed that
Read MoreRwanda's cabinet will forfeit it's April salary to enable the country deal with the coronavirus pandemic. According to a statement from the government issued on Sunday, ministers will forfeit their salary to allow the country a good war chest to deal with the virus. In additional to ministers, Permanent Secretaries,
Read MoreUgandan opposition figure Kizza Besigye has protested against the labelling of food rations being distributed by government as intended "for vulnerable poor" saying that it "casts a slur upon recipients". The government started distributing relief food on Saturday to households whose incomes have been affected by the ongoing lockdown. It
Read MoreBLOODY LAND WRANGLE! Tycoon Abid Alam Cited In Attack On Mubende That Has Left One Injured, Farm Destroyed
Ugandan businessman Abid Alam's name has been linked to an attack in Mubende district. The attack which happened on Saturday, left a head of a family with injuries on his head. The attack stems from a land wrangle which locals claim Alam of Indian origin orchestrated. DETAILS The family of
Read MoreGovernment through Ministry of Finance, Planning and Economic Development has tabled before Parliament a category of taxpayers lined up to receive tax exemption in payment of Value Added Tax (VAT) in 2020/2021. The list is contained in the five bills tabled by Finance Minister, Matia Kasaija (pictured) last week. The
Read MoreGovernment through the Ministry of Finance, Planning and Economic Development is proposing a tax of Shs100, 000 on each professional member seeking to acquire a professional license or verification. This is one of the tax measures being muted to fund the Shs29 trillion 2020/2021 national budget. This proposal is contained in
Read MoreUganda's Health Minister and the ministry's Permanent Secretary have warned Ugandans against jogging in crowds. Doctors Jane Ruth Aceng and Diana Atwine have urged Ugandans not to disregard the social distancing advice as they exercise in order to keep the spread if coronavirus at bay. Uganda has 48 cases of
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