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News

Housing Finance Bank Reiterates Support To Business Community At Contractors Forum

Mr. Micheal Mugabi (Managing Director, Housing Finance Bank) speaking to the bank’s customers during the forum. Business enterprises, constituting over 90% of Uganda's private sector and contributing at least 20% to the GDP while employing millions of Ugandans, are pivotal drivers of the country's socioeconomic development. Nevertheless, these indispensable entities

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News

Gov’t Warned Against Unlawful Loan Deductions On Public Servants’ Salaries

 Medard Sseggona, the PAC Chairperson  Parliament has asked the Ministry of Public Service to review the service agreement between the Government and Uganda Consumer Lenders' Association/Uganda Bankers' Association on extension of loans to public servants after numerous reports of unlawful salary deductions. The directive followed a report by Public Accounts Committee

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NewsOil & Gas

Gov’t Asked To Fix Revenue Leakages As Uganda Earns A Paltry Shs241bn From Extractive Industry In 2020/21

CSCO members addressing the press The Civil Society fraternity under the umbrella organisation, the Civil Society Coalition on Oil and Gas in Uganda (CSCO) has called for more government commitment to the Extractive Industries Transparency Initiative (EITI). Addressing the press in Kampala on Thursday ahead of the launch of the

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NewsOil & Gas

Tilenga Oil Project Reaches New Milestone With 20 Million Man-Hours Achieved Without Lost Time Incidents

TotalEnergies EP Uganda celebrating the new milestone TotalEnergies EP Uganda has reached another key milestone on the Tilenga project - the achievement of 20 million man-hours without Lost Time Incidents (LTI). This significant industry milestone was achieved on August 10, 2023, exactly 226 days since the 10 million man-hour mark that

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Analysis & OpinionsBanking

Why Islamic Banking Which Prohibits The Charging Of Interest Will Succeed In Uganda

BoU Deputy Governor, Michael Atingi-Ego (Left) and Permanent Secretary/Secretary to the Treasury, Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi at the launch of Islamic banking in Uganda The Bank of Uganda (BoU) Deputy Governor, Michael Atingi-Ego is confident that Islamic banking will succeed in Uganda. Speaking at the

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