Matia Kasaija, the Minister of Finance The Ministry of Finance has tabled before Parliament a motion seeking Parliamentary approval to borrow Shs2.446Trn from World Bank and Islamic Development Bank for the construction of roads and promotion of smart agriculture in Uganda. The loan request was recently tabled by Matia Kasaija, the
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Moroto High School in Moroto Municipality demands more than Shillings 52 million in fees arrears. (Internet photo) Several secondary schools are struggling to administer Uganda Certificate of Education (UCE) examinations after several students failed to clear fees. The affected schools say the defaulters have affected the operations of their schools,
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Lwengo district has lost its prime property over an outstanding debt of Shillings 30 million it owes Hajj Abdul Kitatta, the former Bukoto West Member of parliament. The district council has resolved to allow Hajj Kittata to take over five out of the nine acres of land hosting its headquarters
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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
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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
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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
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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
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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
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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
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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,
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