Most African countries have a positive economic outlook, apart from those with upcoming elections, according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q4 2018, launched today, the accountancy body provides GDP growth forecasts for various regions including East Africa which
Read MoreFrancis Otucu
Home > BusinessFocus Reporter (Page 1443)
BankingFeaturedNews
BoU Officials Grilled On How They Spent Shs478bn To Revive Crane Bank Yet It Needed Shs157bn Capitalization
Bank of Uganda officials have come under fire for taking over Crane Bank that needed Shs157bn capitalisation and then going ahead to spend Shs478bn on running it before it was finally sold to dfcu bank. Members of Parliament on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) are
Read More
Uganda's Ministry of Gender, Labour and Social Development has refuted social media reports that former civil servants are set to receive cash benefits from the ministry. This rebuttal was made on Tuesday after news spread on social media that former workers from 1962 to 2018 stood to benefit from the
Read More
Tanzania's President John Magufuli has signed an agreement for the construction of a controversial hydro-electric power project in one of East Africa's best known game reserves. The power plant on the Rufiji River in the Selous Game Reserve is to be built by two Egyptian firms at a cost of
Read More
FeaturedHealthNews
Ntagali Lauds Museveni On Corruption Fight, Blasts Govt Hospitals Selling Medicine
Archbishop Stanley Ntagali has applauded President Yoweri Museveni on corruption fight, noting that he is let down by corrupt officials in key institutions like the health sector. “I thank the President (Museveni) for speaking against corruption. You find NMS (National Medical Stores) delivering drugs, but you’ll never find them in
Read MoreKIGALI, Rwanda, 12 December 2018, -/African Media Agency (AMA) /- The African Institute for Mathematical Sciences (AIMS) – today announces the first cohort of the Small Research Grants in Climate Change Science: Dr. Daniel Akinyele of Nigeria, Dr. Lindani Ncube of South Africa, Dr. Ayansina Ayanlade of Nigeria, Dr. Adanna
Read More
Uganda's biggest opposition party, the Forum for Democratic Change (FDC) has boycotted the Inter party Organisation for Dialogue (IPOD) conference at Speke Resort Munyonyo. IPOD brings together political parties represented in parliament. The conference hopes to secure the commitment of the top leaders to constructive and inclusive dialogue. President Yoweri Museveni
Read More
The General Court Martial ill deliver its ruling on Monday next week whether Abdullah Kitatta, the jailed patron of Boda boda 2010 and his co-accused have a case to answer. The group is battling charges of unlawful possession of firearms. The other suspects are Matia Ssenfuka, Joel Kibirige, Hassan Ssemata,
Read More
Officials from the Bank of Uganda (BoU) yesterday found a difficult time explaining they hired external lawyers who are directors in different commercial banks as their legal advisors. The officials led by Governor Emmanuel Tumusiime Mutebile and Deputy Governor Louis Kasekende on Tuesday returned before the committee on Commissions, Statutory
Read More
The European Union renewed sanctions on Monday against the ruling coalition’s candidate for presidential elections in Democratic Republic of Congo, Emmanuel Ramazani Shadary, and 13 other senior officials. The decision is likely to worsen relations between the EU and President Joseph Kabila’s government, which has lobbied against sanctions it calls
Read More