Residents of Namwenula ward in Bumbo town council in Namisindwa district have stormed the residence of their area Member of Parliament, John Musila contesting the alleged inclusion of Kenyan nationals among the parish development model (PDM) beneficiaries. Bumbo town council is found along the Uganda- Kenya border. However, residents accused
Read More
A photo montage of bank CEOS The Ugandan banking sector registered a growth of 8.4 percent in assets over the last financial year leveraging the high inflation that saw private sector borrowing slow down. The resilience of the sector also came amidst weak economic growth prospects and elevated geopolitical tensions
Read More
BOU ED Supervision Tumubweine (R) chats with Absa Bank MD Mumba Kalinfugwa during the training In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance experts. The event, officiated by
Read More
The 2022/2023 annual report by Bank of Uganda has revealed that the Central Bank spent Shs199bn to print and issue new currency in Uganda. “As the Bank issued more new currency to meet the economy’s demand during the period 2022/23, currency issuance costs also grew by 16% from Sgs172.3Bn
Read More
The anti-corruption court has fined Simon Kigwana, a former prosecutor at Nabweru Chief Magistrates Court, 7 million Shillings and banned him from holding public office for ten years after finding him guilty of bribery. In case of default, Kigwana will serve one year at Luzira Maximum Security Prison. Anti-Corruption Court
Read More
Agribusiness Development Centre Executive Director Josephine Mukumbya during the training. The unequal distribution of female and male workers across different job types and within job roles frequently serves as a core factor contributing to gender disparities in job quality, wage levels, and employment trajectories. During a one-day gender diversity training
Read More
Coca Cola Beverages Uganda in a campaign recently attempted to clear parts of Lake Victoria off plastic waste. Small-scale farmers in different parts of the country have called for a complete ban on the construction of factories in wetlands, to protect water sources from contamination with hazardous waste. The farmers,
Read More
The Prosecution has lined up seven witnesses to testify against State Minister for Finance and Economic Planning Amos Lugoloobi who is implicated in the diversion of iron sheets meant for the vulnerable people of Karamoja. The Prosecution alleges that while at the office of the Prime Minister Stores in Namanve,
Read More
Bank of Uganda has revealed that in 2022/2023, the volume of mobile money transactions carried out on this National Payments System amounted to Shs191.1Trn. The details are contained in the 2022/2023 annual report for Bank of Uganda that was recently released, indicating that by 30th June 2023, mobile money transaction
Read More
Uganda Registration Services Bureau (URSB) is in the process of protecting shea butter and its unique products from Northern Uganda with Geographical Indications (GI). A geographical Indication is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that
Read More
