The Minister of State for Finance (Planning), Hon David Bahati, has revealed that government is set to introduce a Bill that will regulate digital currencies and pyramid schemes. “In October, Cabinet approved the National Payment System Bill. We intend to bring it to Parliament next month so that it caters
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Former Bank of Uganda Executive Director-Supervision, Justine Bagyenda has informed the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) that she will no longer be appearing before the Committee since she is flying out of Uganda. COSASE is currently probing Central Bank officials over the controversial closure of
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Uganda is the most preferred investment destination by Kenyan small and medium enterprises looking to expand outside the country, a new report says. The 2018 annual Top 100 survey by Nation Media Group and KPMG shows that 78 per cent of local SMEs have opened branches in Uganda, 59 per
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The African Energy Chamber is encouraged by the progress made in South Sudan’s oil sector after the peace agreement. The success of the South Sudan Oil & Power 2018 conference, which was attended by over 750 participants representing upstream, midstream and downstream sectors of the oil sector from Africa, Europe,
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Uganda’s financial sector is full of ethical and governance challenges, former Executive Director, Supervision at Bank of Uganda, Justine Bagyenda has said. Her remarks are contained in her hand over report to her successor, Twinemanzi Twinobwine where she highlighted the challenges faced by Bank of Uganda in streamlining the sector.
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The United States is calling for peaceful and credible elections in the Democratic Republic of Congo, where campaigns for next month's polls begin Friday. In a statement Wednesday, State Department spokeswoman Heather Nauert says the December 23 elections give the DRC "a historic opportunity" to conduct a peaceful and democratic
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Belgium's Ambassador to Uganda and South Sudan, Hugo Verbist has revealed that Uganda stands to benefit from more cooperation with the capital of Europe in the near future. Ambassador Verbist made the revelation while speaking to guests at the Belgium Kings Day celebrations held at Kampala Serena Hotel last Friday,
Read MoreABUJA, Nigeria, 22nd November 2018,-/ African Media Agency/-The President of the Commission of the Economic Community of West African States (ECOWAS) Jean-Claude Kassi Brou has said that working harmoniously with the ECOWAS Community Parliament is an essential ingredient towards the realization of the integration goals of the region. President
Read MoreADDIS ABABA, Ethiopia – 22nd November 2018,-/African Media Agency/- The Department of Trade and Industry of the African Union Commission is organizing the inaugural Africa Industrialisation Week (AIW) under the theme “Promoting Regional Value Chains in Africa: A Pathway for Accelerating Africa’s Structural Transformation, Industrialization and Pharmaceutical Production”. The event
Read MoreHARARE, Zimbabwe, 22nd November 2018,-/ African Media Agency/-In a signing ceremony today with U.S. Ambassador Brian A. Nichols, the United States government provided $370,900 in small grants to community based organizations in nine provinces. Through its small grants program, the U.S. Embassy is awarding grants to 17 organizations in Harare,
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