By George Bakiwanya Someone would wonder why there’s need for any form of “paperwork” or accountability in respect to personal life, but when it comes to managing your money, Budget is a necessary tool. A handful of people believe budget is meant for relatively privileged counterparts who have diverse sources
Read MoreMonth: July 2025
BankingFeaturedNews
Dfcu Bank: Investigations Into Fraud Orchestrated By Staff At Ntinda Branch Ongoing
dfcu bank has spoken out on the reported fraud at its Ntinda branch where a staffer was caught stealing Shs10 million off a customer’s account. The employee in question is a one Elizabeth Kyosimiire, who reports say has been doing undetected thefts from customers’ entries since 2018 but her luck
Read More
Study projects up to 190,000 Africans could die from Covid-19 Scientists at the World Health Organization say nearly a quarter of a billion people in Africa could catch coronavirus in a year. Their study, published in BMJ Global Health, says between 150,000 and and 190,000 Africans could die from Covid-19.
Read More
The Uganda Shilling strengthened slightly on improved forex supply coupled by BOU mop operations that removed from the system 690 billion equivalent to 182 million dollars through REPO transactions and a deposit auction. Closing quotes for local currency in the week ending May 15, 2020 were at 3785/95 compared to
Read More
Analysis & OpinionsFeaturedNews
Ex NSSF Boss Waters Down Byarugaba’s Letter To Finance Minister Rejecting 20% Midterm Payment To Savers
Former National Social Security Fund (NSSF) Deputy Managing Director, Geraldine Ssali Busuulwa (pictured) has weighed in on the debate whether the Fund should honour 20% midterm payment to each saver. This week NSSF MD, Richard Byarugaba wrote to the Minister with regards to the Covid-19 relief for its members: Paying
Read More
FeaturedNews
DETAILS: Museveni Endorses Finance Ministry Request To Borrow Shs1.8trn To Recapitalize BoU, UDB
Uganda's President Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy. The money, according to credible sources, will come from the International
Read More
The Speaker of Parliament, Rebecca Kadaga (pictured) and the Minister of Defense and Veteran Affairs, Adolf Mwesige have clashed over the involvement of UPDF personnel on Land matters in Amuru District. Kadaga ordered that a statement by Mwesige over the matter be expunged from Parliament record. The statement was in
Read More
Kampala Capital City Authority (KCCA) has moved to interdict two of its officers over negligence that has resulted into the latest wave of collapsing buildings, the latest happening in Kansanga over the weekend and leaving over 10 people dead. "We are going to interdict the two officers in charge of
Read More
The Kenya Medical Research Institute (Kemri) has overturned Covid-19 test results on a Kenyan long-distance truck driver who was tested positive in Uganda while on transit a fortnight ago. According to Taita-Taveta health officials, the victim was tested at the Malaba border along the Kenya-Uganda border on May 3 while on his
Read More
Equity Bank Uganda Limited officials have been applauded for turning away Frank Tumwebaze (pictured), the Minister for Gender, Labour and Social Development after he showed up at the bank’s premises without wearing a face mask. This was revealed by the minister himself via his official Twitter handle. "Thanks to my
Read More