The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa's economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered interest from central banks and official institutions, bank
Read More
The Board of Bank of Uganda (BoU)Friday appointed Dr. Adam Mugume (pictured the Deputy Governor of BoU- in acting capacity, pending President Museveni’s decision to appoint a substitutivea deputy governor. Mugume has been Executive Director of Research for the Central Bank. The position fell vacant about three months ago after
Read More
By Peter Nyanzi While every major global/national crisis creates problems that take a toll on some industries if not whole sectors, it also presents opportunities that savvy and shrewd individuals can tap into. Here are a few potentially lucrative post-Coronavirus prospects: 1. Financial Advisory Services The abrupt locking down of
Read More
Government through the Ministry of Works and Transport has suspended the issuance of new driving permits as well as renewal of old ones for 30 days due to the outbreak of the Coronavirus (Covid-19) in the country. The Minister of Works and Transport Gen. Edward Katumba Wamala (pictured) says the suspension takes effect
Read More
Government should provide protective gears to all medical workers if Uganda is to win the war against the spread of COVID-19, the Parliamentary Committee set up to oversee the activities of the government task force on COVID 19 has said. In an interview after the visit to assess preparedness of
Read More
Watoto Church, one of the leading Pentecostal Churches in Uganda has revealed that one of its choir members tested positive for COVID-19 that is caused by Coronavirus. Pastor Julius Rwotlonyo, Associate Team Leader Watoto informed the Watoto Family that one of the adult chaperones of Watoto Children’s Choir, who returned home from
Read More
Rajiv Ruparelia (pictured), the Managing Director of Ruparelia Group has dismissed with contempt a fake demand notice making rounds on social media that property firm, Crane Management Services, has issued any demand notice or reminder to its tenants. Crane Management Services is one of the biggest landlords in Kampala’s prime
Read More
United Bank for Africa Plc (UBA) today announced a donation of over USD 14 million, through the UBA Foundation, to catalyse a comprehensive Pan-African response to the fight against the coronavirus (COVID-19) global pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries,
Read More
Uganda has registered another four COVID-19 cases, bringing the total number to 18 as of yesterday. This revelation is contained in a statement issued by President Yoweri Museveni today morning. “Although it is too early to accurately determine whether we are defeating the virus or not, I have some good
Read More
Trump attributes rise in US cases to testing The US now has more confirmed cases of coronavirus than any other country, with more than 85,500 positive tests. According to the latest figures collated by Johns Hopkins University, the US has overtaken China (81,782 cases) and Italy (80,589). But with almost
Read More
