Deputy Governor, Bank of Uganda, Michael Atingi-Ego The banking industry in Uganda has launched guidelines and a code of ethics aimed at harmonizing at strengthening the fight against fraud in the financial sector. Currently, the different financial institutions have different approaches and individual policies on fraud prevention, but this is
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Passengers checking in at Entebbe International Airport Entebbe International Airport recorded a total of 196, 211 International passengers in January 2024, Uganda Civil Aviation Authority (UCAA) has said. Vianney M. Luggya, the UCAA Spokesman, says this comprised 99,216 and 96, 995 arriving and departing passengers respectively. “This reflects an average of 6,
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Farmers are currently enjoying higher prices. Coffee is Uganda’s leading cash crop and a major foreign exchange earner/Photo taken at Heritage Kanaani Farms Uganda’s coffee exports in January 2024, amounted to 481,586 60-kilo bags, worth US$ 85.57 million (Shs331.7bn). This is contained in the Uganda Coffee Development Authority (UCDA) monthly report
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Dr. Tumubweine Twinemanzi, the Executive Director, Supervision at BoU Uganda’s banking sector performed better in 2023 compared to 2022 as the economy continues to recover from the COVID-19 impact. According to Uganda Bureau of Statistics, GDP grew by 5.2% in FY 2022/23, from 4.6% in FY 2021/22. Bank of Uganda
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Bank of Uganda admits limited options against the depreciation of the Shillings, as it stares at the dwindling foreign exchange (FX) reserves. The Uganda Shilling traded at 4,000 to a dollar for the first time at a bank, as the depreciation trend continues for the local currency. The official rate
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Delegates from Gabon, Cameroon, Senegal, Zimbabwe, Vienna, and Uganda in a group photo after the meeting Illegal wildlife trade continues to threaten the existence of endangered species as the global demand for wildlife products increases. Uganda loses more than Shs2 billion annually to poaching. Uganda Revenue Authority (URA) with support from United
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Avocado exports from Kenya will resume in two weeks, ending a four-month suspension imposed by the Agricultural Food Authority (AFA). The ban, which was initiated by the Horticultural Crops Directorate (HCD) in November last year to ensure the maturity and quality of exported fruit, will be lifted on March 1.
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Agricultural and soil experts have expressed concern over Uganda's low fertilizer uptake. Uganda's soil fertility and nutritional value are reported to be gradually depreciating over the years, and according to the experts, this trend explains the shift in food-sourcing regions within the country, and eventually, it will lead to total
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The government is considering revoking its partnership and grant aiding private schools that are faulting the Universal Education policy. The State Minister in Charge of Primary Education Doctor Joyce Moriku Kaducu, said that the government is going to withdraw its capitation grants and any support to private schools that have
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Luwero District Kadhi under the Uganda Muslim Supreme Council (UMSC) Sheikh Ramadhan Mulindwa Nsanja has said that it’s still hard in his faith to sanction marriages between Muslims and non-Muslims. According to Sheikh Nsanja, in Islam, marrying is an act of worship. Sheikh Mulindwa says that the Sharia law bars
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