Deputy Governor, Michael Atingi-Ego The Bank of Uganda (BoU) has, effective today, June 18, 2024, placed Mercantile Credit Bank Limited under liquidation, revoked its license, and made an order for the winding up of its affairs. This action, the Central Bank said, is necessary because it has determined that the
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Madina Nalubiri, Ag. Senior Manager - Pinnacle Banking at dfcu Bank In today’s fast paced world, financial stability and achieving one’s goals go hand in hand. Every now and again, we need an extra boost, and personal loans can be a powerful financial tool when used wisely. In this article,
Read MoreKCCA Deputy Executive Director, David Luyimbazi Kampala Capital City Authority (KCCA) has said that it will take the Authority 32 years to eliminate potholes in the city if Government maintains the current rate of funds it is allocating for road construction in the City. The revelation was made by KCCA Deputy Executive Director, David
Read MoreUCAA tested the readiness of Entebbe airport in case of an emergency on Friday The Uganda Civil Aviation Authority (UCAA) has successfully conducted a mandatory partial emergency exercise to test Entebbe International Airport’s readiness in case of an emergency. The exercise, which took place on Friday, is a mandatory requirement for
Read MoreBirding in Queen Elizabeth National Park/Courtesy photo Uganda has been voted Africa’s best safari country for birding in an annual study conducted by SafariBookings. This result was part of a larger study to determine the best safari country in Africa, in which Botswana emerged as the overall winner. The annual
Read MoreBeatrice Nalwoga It’s been an emotional week for old students and staff of Gayaza High School following the loss of a former long-serving cook of the school whose work left lasting memories. Beatrice Nalwoga, a cherished figure at Gayaza High School, passed away on June 10, aged 102 years. She
Read MoreCalls for the government to provide free and compulsory pre-primary education are intensifying, with different players from various sectors highlighting the critical need for early childhood education. A recent study report titled "Lay A Strong Foundation for All Children" has prompted a renewed call for action since it emphasises how
Read MoreFemale learners at Ariwa Secondary School in Bidibidi refugee settlement in Yumbe district are struggling to complete their studies due to the absence of dormitories. The situation has forced students to rent houses within the community, something the school authorities say has exposed the female learners to the risk of
Read MoreThe Prime Minister of Buganda Kingdom Charles Peter Mayiga has asked residents of Greater Luwero districts to stop lamenting over the National Resistance Army War. Luwero and Nakaseke districts were the epicenters of the National Resistance Army war of 1981-1986. However, 38 years after the war, several veterans and residents
Read MoreThe African Development Bank has launched a new initiative to support and develop homegrown solutions to the debt challenges that countries on the continent are facing. Dubbed the African Debt Managers Initiative Network (ADMIN) developed by the African Development Institute, the initiative aims to provide tailored and home-grown solutions to
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