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 MoreYear: 2024
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 MoreMuseveni Tells EU To Keep Politics Out Of Business, Calls For ‘Serious’ Dialogue Over New Regulations
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 MoreUganda 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 MoreThe 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 MoreOfficials 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 MoreBoU 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 MoreTotal's oil drilling rig at work in Buliisa The Uganda National Oil Company (UNOC) has revealed that Uganda’s oil and gas sector has cumulatively attracted contracts worth US7.163Bn (Shs28.052Trn). However, locally owned companies have only scooped deals worth US2Bn (Shs7.830Trn). The revelation was made by Proscovia Nabbanja, the Chief Executive Officer at Uganda
Read MoreTeam from Rise and Shine Secondary School in Ntinda In a groundbreaking display of innovation, Team Imperial Tech from Rise and Shine Secondary School in Ntinda, Uganda, has emerged as this year’s regional champions of the Sahara STEAMers Grand Demo Competition 2.0. The competition, now in its second year, is
Read MoreFort Portal Family Seeks Cancellation Of Land Title Claimed By Former Kenyan Vice President’s Wife
Lawyer MacDusman Kabega (left) talking to his client Beatrice Nyindombi Karanja in Court. The Family of the late Juma Hussein has asked the High Court in Fort Portal to cancel a 73-acre land title claimed by Beatrice Nyindombi Karanja, the widow of former Kenyan Vice President Dr Joseph Njuguna Karanja.
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