The Uganda Shilling remained stable for most of the trading session, opening the week in the range of 3788/98 and closing at 3785/95 during the week ending May22, 2020. The local currency was supported by hard currency flows from the treasury auction and commodity exports amid depressed importer demand for
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The National Covid19 Task Force has so far mobilized Shs28bn in cash and in kind from Ugandans and companies, Prime Minister Livingstone Ruhakana Rugunda (pictured) has revealed. The Premier told Parliament yesterday that so far 65 vehicles have been donated to the Fund with 45 of the donated vehicles already
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The World Bank has approved USD48 million (about Shs181.7bn) to help Uganda prevent and respond to the threat to livelihoods posed by the desert locust outbreak. World Bank argues that the Emergency Locust Response Program will help Uganda monitor and manage locust swarms to limit the growth of existing and
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Business experts have advised bank customers and entrepreneurs to embrace digital platforms during and after the COVID-19 pandemic since the disease has changed the way business is operated. This was disclosed Thursday during an online webinar to discuss a topic ‘how to address emerging risks during COVID-19’. It was organized
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The Speaker of Parliament, Rebecca Kadaga has asked the Minister of Education and Sports, Janet Kataha Museveni (pictured) to explain to Parliament why schools are charging varying Uganda National Examinations Boards (UNEB) fees to sit for final exams. The Minister will appear before Parliament next week to update the country
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A section of Members of Parliament want Government to provide a waiver on the payment of water and electricity for a period of six months during the COVID -19 pandemic lockdown. The MPS who are pushing this motion include Mathias Mpuuga (Masaka Municipality), John Baptist Nambeshe (Manjiya County), Andrew Baryayanga
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Parliament has at long last passed the National Local Content Bill, 2019 which prioritises Ugandan citizens and companies in Procurement. Upon passing the Bill, Speaker Rebecca Kadaga (pictured) expressed happiness, saying: “As a way of creating employment, protecting our economy and people, a foreign investor will be required to hire
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Vaccines developed previously for other types of coronavirus had failed to protect mucous membranes in the nose A top U.S. scientist said on Wednesday that governments should not count on a successful vaccine against COVID-19 being developed anytime soon when deciding whether to ease restrictions imposed to curb the pandemic.
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Tanzania's President John Magufuli (pictured) has announced that university students and final-year secondary students will return to class on 1 June. Sporting events, which have also been halted for at least two months to stop the spread of coronavirus, will also resume then. But other secondary school and primary school
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The Ministry of Finance has revealed that Uganda’s domestic revenue collections amounted to Shs 937.64 billion in the month of April 2020, registering a shortfall of Shs648.18 billion as both tax and non-tax revenue performed below their respective targets. This is contained in the Ministry’s April 2020 Performance of the
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