IMF Managing Director, Kristalina Georgieva With the support by creditors for a doubling of the IMF’s New Arrangements to Borrow (NAB) and a new round of new bilateral borrowing agreements (BBAs), the International Monetary Fund (IMF) has maintained its lending capacity at around US$1 trillion for the coming years. This is
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The home unit opened 2021 in a downward spiral, undermined by a surge in demand from major market players taking positions ahead of the national elections. The shilling inched down to trade in the range of 3675/85 during the week ending January 8, 2021.In the regional markets, the Kenya shilling slightly
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The Uganda Communications Commission (UCC) hasn’t ruled out placing restrictions on communication channels ahead of the Thursday general elections. The Commission’s position was revealed by UCC Spokesperson, Ibrahim Bbosa (pictured )while appearing on NBS Television Monday morning where he revealed that although UCC hasn’t received any directive to switch off
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Airtel Uganda, in partnership with Mastercard, has today introduced a virtual debit card offering Airtel Money customers a safe, convenient and secure platform to transact online globally. The virtual (non-plastic) card allows Airtel Money customers, even those without a bank account, to make payments to local and global online merchants
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President Yoweri Kaguta Museveni has this afternoon (Monday) received credentials of six new Ambassadors and High Commissioners from Netherlands, Egypt, United States of America (USA), Japan, Saud Arabia and United Kingdom at a ceremony held at State House Entebbe. The new Ambassador of Netherlands, H.E Mrs. Karin Boven conveyed personal
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Facebook has shut a slew of accounts belonging to Ugandan government officials accused of seeking to manipulate public debate ahead of elections Thursday, the internet giant told AFP on Monday. The East African nation is holding presidential and parliamentary elections after a tense and bloody campaign, with incumbent President Yoweri
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A Uganda Peoples Defence Forces (UPDF) soldier has shot and killed two Local Defence Unit (LDU) soldiers, a civilian and police constable before being shot dead. The fatal incident happened in Nansana, a suburb in Kampala on Monday morning. The army army has released a statement confirming the incident and
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In the lead up to the marking of the 40th Tarehe Sita anniversary celebrations, the Uganda Peoples’ Defence Forces has urged boda boda riders to be responsible citizens in their daily lives in this time of COVID-19 and elections. Major Kigozi Kaweesa was speaking during a sensitisation engagement by the
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Dead fish/courtesy photo Communities living in and around the shores of Lake Victoria have recently been concerned by the growing number of dead fish, especially Nile Perch, being washed ashore. The dead fish are not only an eyesore but also emit an offensive odor as the decomposition occurs. “However, preliminary
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Musinguzi (in white jersey) interacting with URA FC players On Friday 8 January 2020, URA FC technical team, board members, the secretariat, and the players were graced with the first official visit of the Uganda Revenue Authority (URA) Commissioner General (CG) and club patron John. R. Musinguzi to the club
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