The African Development Bank (AfDB) has distanced itself from what it called an inaccurate news article stating that the institution plans to provide financial support to the East African Crude Oil Pipeline Project. “The Bank strongly refutes the claims in the misleading article, which references a letter by a group
Read MoreMonth: December 2024
Gov’t: Total & Tullow Farm Out Transaction To Open Shs76 Trillion Investment In Uganda’s Oil Sector
The Government of Uganda has applauded the agreement reached between Total and Tullow; which will see Total acquire Tullow’s entire interests in the Uganda Lake Albert Development Project. The Minister of Energy and Mineral Development, Kitutu Mary Goretti Kimono (pictured) welcomed the news. “The agreement is a significant milestone in
Read MoreHousing Finance Bank Answers Top 10 Questions On Loan Restructuring
As the COVID-19 pandemic evolves globally, disruptions in organisational operations, business and the social-economic status quo remain evident across different countries, organisations and entities. This has seen number innovations by different organisations to offer solutions that meet their customers’ needs. One of the solutions has been the restructuring of credit
Read MoreSeventeen more people in Kenya have tested positive for the coronavirus, raising the country's total number of confirmed cases to 320. The Health ministry announced this in its daily update on Thursday, saying all the new patients were Kenyans. Dr Mercy Mwangangi, the Chief Administrative Secretary (CAS) in the ministry,
Read MoreThe Speaker of Rebecca Kadaga (pictured) has announced a set of guidelines that MPs must follow while utilising the Shs20M that has been given to fight Coronovirus in their districts. "MPs will spend funds only on those interventions of COVID19 in the districts. Needs of districts aren't homogenous and each
Read MoreKyadondo East MP, Robert Kyagulanyi (pictured) aka Bobi Wine has revealed that this morning he effected the transfer of 20,000,000/= (Uganda Shillings Twenty Million) back to the consolidated fund. The Shs20m is part of the Shs10bn Parliament ‘awarded’ to itself to reportedly help sensitize people in their constituencies about COVID-19.
Read MoreBy Denis Jjuuko A poultry farmer somewhere in Uganda wakes up and looks at her chicken wondering what to do with them. She places a call to her customer to find out whether things have improved in the city. Lukaya and Namawojolo bus stops are empty, the customer says before
Read MoreThe lockdown in parts of the capital, Kinshasa, has been eased The International Monetary Fund (IMF) has approved a $363m (Shs1.37Trillion) aid package to help the Democratic Republic of Congo deal with the effects of coronavirus. DR Congo was experiencing "a severe shock as a result of the Covid-19 pandemic",
Read MoreCOVID-19: Makerere University Gives 63k To Each International Student For Feeding
Makerere University has agreed to offer support to its international students who were left trapped at the University following the closure of education institutions by President Yoweri Museveni as part of the measures to control the spread of COVID-19 in Uganda. "At today's online meeting of Top Management, it has
Read MoreThe Ruparelia Foundation in conjunction with Gateway Delta and Gateway Metroplex Ltd, this morning donated items worth Shs75m towards alleviating COVID-19 in Uganda. The items were handed over to Mary Karooro Okurut, the Minister in charge of General Duties in the Prime Minister’s Office, who also oversees the COVID-19 Fund.
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