Absa Bank Limited has received regulatory approval from both the United States Federal Reserve Board and New York State Department of Financial Services (NYSDFS), the New York State regulator, to open a representative office in New York. The office is expected to be operational by the end of the year.
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Uganda's Electoral body, the Electoral Commission (EC) will on Friday host a twitter chat to better inform the public on the on going General Update Of Voters' Register. The General Update Of Voters' Register exercise was launched last week by the EC Chairperson, Justice Simon Byabakama and is expected to
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Uganda is set to become the 7th largest Parliament in Africa if Government’s proposal to create more Constituencies is approved by the 10th Parliament. The development will see the number of MPs increase from the cureent 461 to 481. Tom Butiime, Minister of Local Government is set to table a
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A total of 300 pupils are basking in excitement after they graduated in their Pre-Primary top class at Kampala Parents School in the city. They graduated at a colorful ceremony held at the school on Thursday. Kampala Parents Schools is one of the country's top schools that prides itself in
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After developing the great success brands Nile Special, Club and Eagle, Nile Breweries has now created the first Premium Ugandan Stout. Nile Special Stout is brewed with the finest Ugandan Malts and Roasted Barley. It is brewed at the Source of the river Nile. The liquid is beautifully dark and
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dfcu Bank customers can now access Agent Banking services at select Shell fuel stations across the country. This follows an official announcement of a strategic partnership between Vivo Energy Uganda and dfcu made this morning at Shell Banda. Speaking at the launch, the dfcu Chief Executive Officer Mathias Katamba said:
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Uganda's state minister for transport, Aggrey Bagiire, has highlighted the country's maritime potential saying it cab be tapped to boost development. Bagiire made the remarks in a Keynote address at the 31st Session of the Ordinary General Assembly of the International Maritime Organization (IMO). This year's Assembly which is currently
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The Minister of Finance, Planning and Economic Development, Matia Kasaija has said Uganda’s economy is growing although some regions in the country are not growing. “There are some areas where poverty is still biting hard despite (he fact that) some parts have already achieved middle income status,” Kasaija said without
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Government is in advanced stages of signing Memorandum of Understanding (MoU) with more countries in Asia and other parts of the world. This is aimed at expanding labour export in those countries as well as improving the welfare of young Ugandans and the economy at large. The Chairman of the
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The Bank of Uganda (BoU) Governor, Prof. Emmanuel Mutebile is clueless about crypto-currencies, Minister of Finance, Matia Kasaija has said. Kasaija says he is worried about how Uganda Revenue Authority will tax this form of digital currency. The Minister described digital taxation as a challenge, saying the rate at which
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