The Minister of State Finance and Planning, Amos Lugoloobi on Thursday afternoon presented the budget estimates for the 2022/2023 financial year totaling Shs47.2 trillion. The Public Finance Management Act requires the Minister of Finance to present annual budget estimates by 01 April of the preceding year. In his presentation during
Read More
The Federation of Uganda Football Associations-FUFA has offered a cash reward of Shillings 1 million for anyone who will provide information implicating any person involved in match-fixing. Ahmed Hussein, the FUFA Head of Communications says this is one of the key decisions made by the FUFA Executive Committee Meeting held
Read More
Gulu Main Market authorities have banished Samuel Obedi,32, a Pastor from Hope Tabernacle Ministry in Gulu City for theft of Shillings 1 million. Trouble for pastor Obedi started after he was netted on Thursday morning for picking Shillings one million three hundred and twenty thousand from the drawer of his
Read More
Omoro District Local government has started refurbishing murrum roads totaling 42.8 kilometers to ease access to the home of former Speaker of Parliament Jacob Oulanyah. The road works commenced early this week and will target a total of five major routes that were in a bad state. The roads under
Read More
More than two years after the world came to a standstill due to the COVID-19 pandemic, the World Health Organisation has launched a plan that seeks to end the global emergency this year. According to the plan shared by the UN health agency, the pandemic could be history at the
Read More
DFCU Chief Executive, Mathias Katamba DFCU Limited has announced a net profit of Shs 9.3 billion in 2021, down from Shs24.07bn recorded in 2020. According to figures released Thursday morning at Serena Hotel in Kampala, dfcu's total assets reduced to Shs3.13 trillion, down from Shs3.49 trillion recorded in 2020. The
Read More
The Bank of Uganda insists it is not yet safe enough for the banking industry to start paying dividends to their shareholders, two years since this was suspended. Following the outbreak of COVID-19 in 2020, the banking industry was given guidelines to survive the pandemic, and these included suspension of
Read More
The Commercial Division High Court Registrar, Flavia Nabakooza has summoned the former Prime Minister Patrick Amama Mbabazi to file his defence in relation to allegations of failure to pay rent. “You are hereby required to file a defence in the said suit within fifteen(15) days from the date of service
Read More
Stanbic Bank has donated Shs 70million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which osters leadership skills by emphasizing empathy, clarity, knowledge volunteerism, and in their various professional backgrounds. Cathy Adengo, the Stanbic Bank Head of Sustainability, said during the event that: "We live in
Read More
Former Speaker of Parliament Rebecca Alitwala Kadaga addressing the media at Parliament earlier today. The former Speaker of Parliament, Rebecca Alitwala Kadaga on Wednesday made her first appearance at Parliament to mourn the former Speaker of Parliament Jacob Oulanyah. Oulanyah deputized Kadaga in the 10th Parliament between 2011 to 2021.
Read More