Month: June 2024

UBC MD Winston Agaba (Left) and his deputy, Maurice Mugisha before COSASE on Monday. A section of lawmakers on Parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), have queries the presidential directive ordering for the write off of principal interest and penalties accrued on employee savings at National

Uganda Baati under its Corporate Social Initiative Umbrella – the Safal Uganda Baati Foundation, has launched a youth empowerment skilling program targeting to equip over 500 youth in Tororo with entrepreneurial skills. This initiative comes as a timely intervention to address the pressing issues of youth unemployment and teenage pregnancies

Winston Agaba (Left) before COSASE on Monday Winston Agaba, Managing Director of Uganda Broadcasting Corporation (UBC) has admitted to being oblivious about paying four ghost workers, admitting that he came to know of this after the payroll audit conducted by Ministry of Public Service. He made the admission while appearing

The Deposit Protection Fund of Uganda has commenced payment to depositors of Mercantile Cred Bank Limited (in liquidation). The Fund is a government agency that provides protection to customers of deposit-taking institutions licensed and regulated by the Bank of Uganda Mercantile Cred Bank was liquidated on June 18, 2024, by

Uganda has emerged as the top destination for Foreign Direct Investments (FDI) in the East Africa Community. As detailed in the 2024 World Investment Report by United Nations Trade and Development (UNCTAD), foreign investments in Uganda in 2023 were estimated at Ksh370 billion. On the other hand, Kenya only attracted

Rose Lubwama, Finance Director at HL Construction In a landscape where businesses often come and go within a short spell, a few construction companies stand the test of time, serving as beacons of stability and endurance amidst the ever-changing tides of the industry. HL Construction Limited stands as a testament

Tension between Uganda and Kenya continue unabated despite a joint communique between the two countries signed on May 17, 2024 when President Yoweri Museveni and visited Kenya. During the tour, the two nations committed to improving bilateral relations for mutual prosperity and development. Market enquiries, however, revealed that the pair

Children and Youth Affairs Minister Balaam Barugahara inspects stalls before presiding over the 10th graduation ceremony at Lugogo Vocational Training Institute on Friday. The government has pledged to support Lugogo Vocational Training Institute to, among other things, acquire modern equipment. On Friday, the institute graduated 1,876 students in the different