The Bank of Uganda (BoU) has in exercise of its powers under section 13 of the National Payment Systems Act, 2020, effective today February 29, 2024, suspended the licences of M/S Pivot Payments Limited as a Payment Service Provider and a Payment Systems Operator. In a statement signed off by
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XSABO's Dr. David Alobo, ERA Chairperson Dr. Sarah Wasagali and UDB Acting MD, Dr. Denis Ochieng pose for a photo shortly after the Bank released its 2023 performance results in Mubende on Wednesday. Uganda Development Bank’s (UDB) has posted a strong performance following a successful 2023. While addressing the media
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Administrators of private schools in the Masaka region are appealing to the government for direct support to procure instructional materials needed in conducting lessons and examinations under the new lower secondary curriculum. The administrators under the umbrella of Southern Buganda Private Schools Association are decrying that the high cost of
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The Anti-Corruption Court in Kampala has extended its criminal summons against Karamoja Affairs Minister Mary Goretti Kitutu Kimono requiring her to appear in court on March 19th 2024 and be charged with causing government financial loss of 1.5 billion shillings. The summons which were initially issued last month were on
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Uganda Revenue Authority (URA) enforcement in Mpondwe on Tuesday morning intercepted a Toyota Wish in the vicinity of Bwera headed to Kampala. Richard Mutabaruka, the area in charge noted that upon verification, 1,200 pieces of uncustomed Bitenge and 10 cartons of contraband carolight were found. “These entered the country through porous borders
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UN officials , Locals Government Minister, Raphael Magyezi, Professor Jeffrey Sachs and Makerere University Officials led by Professor Barnabas Nawangwe Former Minister of Finance, Ezra Suruma says there is a need for a system to track the disbursement of the Parish Development Model cash. He says that the system should be able to
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Budding entrepreneurs have been advised to comply with the relevant industry laws and regulations as well as meet their tax obligations in a timely and accurate manner, because this will ease their business operations. Margaret Kisitu Nakato, the Co-founder of Afros and Mo, which offers hair care and beauty services, was
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Coffee stakeholders through National Coffee Forum say UCDA merger will disrupt the coffee sub-sector. Coffee is one of the leading sources of foreign exchange for Uganda Coffee stakeholders through the National Coffee Forum - Uganda (NCF - UG) has petitioned Parliament through the Speaker over the proposed mainstreaming of Uganda
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KCCA cleaner/Courtesy photo The Speaker of Parliament, Anita Among has called on Kampala Capital City Authority (KCCA) to clear the six months wage arrears owed to the casual labourers within the City. This is after some of the cleaners stormed Parliament to demonstrate the delayed payment of their wages by
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Manufacturers say the law only targets the regulated players Uganda Manufacturers Association (UMA) has warned that any attempt to enact the Alcoholic Drinks Control Bill 2023 in its current form will likely crash Uganda’s economy. The manufacturers argue that the law is targeting the formal sector that is regulated, while
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