The Inter-Religious Council of Uganda (IRCU) has rejected some of the penalties stipulated in the Alcoholic Drinks Control Bill 2023, saying they are too punitive to resolve the issue of alcoholism in Uganda. The concern was raised by Joseph Serwadda, Co-Chair Inter Religious Council of Uganda while interfacing with MPs
Read More
Mt. Elgon National Park/Courtesy photo By Nabendeh Wamoto Uganda Wildlife Authority's (UWA) Mt. Elgon National Park has caused conflict with the masses since its inception in 1994. Why do we conserve and for whom, is the topic I was asked to discuss in my weekly Swahili language international radio interview
Read More
Billionaire investor Baloobhai Patel Top Kenyan investors in MTN Uganda earned KSh44.7 million (Ush1.22 billion) in dividends in the financial year ended December 2023, when the telco reported a 21.4 percent profit jump to KSh18 billion (Ush493 billion) in the period. For the 2023 financial year, MTN Uganda is paying
Read More
The Executive Board of the International Monetary Fund (IMF) on Wednesday concluded the fifth review of Uganda’s Extended Credit Facility (ECF). IMF says this completion enables the immediate disbursement of the equivalent of SDR 90.25 million (about US$120 million-UShs470bn). The ECF Arrangement for Uganda for a total of SDR 722
Read More
dfcu bank’s female customers were hosted to a breakfast event that featured a discussion on Wealth Management Marked annually on 8th March, International Women's Day (IWD) is a global day celebrating the social, economic, cultural, and political achievements of women. For many communities, and organisations, the third month of the year
Read More
Museveni (5th from Right) with some EU ambassadors. Museveni lashed at Europe accusing the leaders of mixing business with politics The government of Uganda has appealed to western countries to help improve the quality of production so as to meet the required standards of the export markets and also separate business from politics.
Read More
Uganda spends over US$677,490,337 (Shs2.654Trn) to treat alcohol related diseases in the country annually, Margaret Muhanga, Minister of State for Primary Health Care has revealed. The Minister wants the legal age for alcohol consumption increased from 18 to 21years. “As Ministry of Health, we use an estimate of US$677,490,337 to
Read More
The European Investors represented 12 EU countries The European Union and Uganda have agreed on the need to increase trade and investments between them because the current environment is favorable. While the EU is Uganda's largest single source of foreign direct investment and tourists, trade between the two is worth
Read More
Officials during interface with Health and Trade Committee of Parliament The Uganda Export Promotions Board (UEPB) has expressed concern over the duplication of laws and policies regulating investment in the Alcoholic Drinks Control Bill 2023 which is currently under scrutiny by the joint Parliamentary Committee of Health and Trade.
Read More
BoU Deputy Governor, Michael Atingi-Ego The Bank of Uganda (BoU) on March 6, 2024 held a Special Monetary Policy Committee meeting where the Central Bank Rate (CBR), a benchmark lending rate for commercial banks was increased to 10% from 9.5% that has remained unchanged for several months. In February this
Read More
