Finance Minister Matia Kasaija Outstanding court awards to be paid by Government of Uganda (taxpayers) to individuals and companies have now reached Shs9.460 Trillion, the Ministry of Finance, Planning and Economic Development has revealed. According to a Report on Public Debt, Guarantees, other Financial Liabilities and Grants For FY 2019/20
Read MoreThe Bank of Uganda’s Financial Stability Review for June 2020 released on September 4, 2020 indicates that overall, systemic liquidity risk in the banking sector diminished, as liquidity buffers in all institutions including all systemically important banks (DSIBs) improved, enhancing their resilience to tightening of funding conditions. Systemic wholesale funding
Read More
The trending cake delivered by Britam Britam Insurance Company (Uganda) Limited has apologized for the debacle created after the cake it presented to Uganda Airlines was ridiculed on social media. The company presented a crocodile like cake to Uganda Airlines as the company celebrated its first anniversary. Britam has now
Read More
China is considering setting up military bases in four African countries, according to a report by the US Department of Defense. Kenya, Seychelles, Tanzania and Angola were mentioned among a dozen other countries where China is considering setting up bases. The four African governments are yet to respond to the
Read More
President Yoweri Museveni has revealed that state minister Mwesigwa Rukutana will be prosecuted for his actions. Over the weekend, Ugandans woke up to shock of the minister grabbing a gun from his bodyguard in what many say was an attempt to shoot at unarmed individuals in attempt vehicle. "The cheating
Read More
The new Central Motor Club leadership The Central Motor Club has elected the new leadership during its annual general meeting held on Saturday at Kabira country club. The Club also elected Rajiv Ruparelia as the new chairperson board of trustees. Shaym Kotecha is now the new club chairperson deputized by
Read More
President Yoweri Museveni who is also the National Chairman of the ruling National Resistance Movement (NRM) party, has warned what he calls crooks against polluting 'our massive force. Museveni's warning is contained in a missive published on social media in which he was commenting on Friday's NRM Primaries, elections to
Read More
RwandAir is set to reap big in Tanzania as it fills the vacuum left by Kenya’s airlines which were banned from flying into that country. The airline, in a post on its website, announced that it will be operating three flights to Dar es Salaam and Kilimanjaro via Nairobi, Kenya.
Read More
Kenneth Kitungulu, the Head Global Markets at Stanbic Bank Uganda Uganda’s private sector continues to recover from the impact of the coronavirus pandemic (Covid-19) as business conditions improved in August after a near standstill of activities during the series of lockdowns between March and the end of May. The latest
Read More
Mobile money transactions rose to Shs79.8Trn during the same time some businesses were struggling to stay afloat during lockdown, Bank of Uganda’s Quarterly Financial Stability Review for June 2020 indicates. The report indicates that June 2020 registered significant growth in mobile money transactions with the value of transactions growing by
Read More
