Bank of Uganda (BoU) officials have explained the criteria the Central Bank used to sell loans of three defunct banks at a discount. This is after they failed to table documentary evidence detailing the sale. BoU officials had appeared before the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE)
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New investors in telecommunications in Uganda will have to rent capacity from existing fibre optic cables, rather than lay their own to avoid duplication and try to lower internet costs in the country, the CEO of the industry regulator Uganda Communications Commission (UCC), told news agency Reuters. "We need infrastructure
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Tanzania have a chance of securing a place at the 2019 Africa Cup of Nations if they beat Uganda Cranes early next year. However, President Yoweri Museveni has urged his boys to have no mercy for Tanzania even when they have already qualified. “Even if the Cranes have already qualified,
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Kampala Capital City Authority (KCCA) Executive Director, Jennifer Semakula Musisi has promised a better traffic flow in the city. Musisi made the remarks while unveiling the first traffic control centre in Kampala at City Hall yesterday. The centre will be monitoring traffic at 12 junctions on recently improved roads in
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dfcu bank has spoken out on media reports suggesting all is not well at the Uganda’s second largest bank by assets. In a statement issued on Tuesday 20, November 2018, Agnes Tibayeita Isharaza, the Company Secretary says the bank remains solid and committed to serving its customers. Below is a
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Kenya’s largest bank by assets KCB last year suffered the highest staff attrition rate in five years having lost 861 employees or nearly four times the previous year’s exits, a newly released report says. KCB says in its latest sustainability report, covering 12 months to December 2017, that staff attrition
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It has emerged that Bank of Uganda (BoU) also closed International Credit Bank (ICB) without an inventory report, the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has learnt. Inventory simply means a list of goods and materials/properties that a business holds for the ultimate goal of resale or
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For the second year in a row the charity Water Aid has highlighted Ethiopia's poor record when it comes to access to toilets at home. On World Toilet Day, it has reported that 93%of Ethiopians lack basic sanitation where they live, making it the lowest ranked nation on the continent.
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In Uganda, two Indian men have been charged with the murder of a boy in the northern town of Lira. Anger flared up in the area over the case leading to violent protests on Saturday. A local radio station, Unity FM, was closed and five members of staff arrested for
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dfcu Bank in partnership with Monitor Publications Limited’s (MPL) flagship brand Daily Monitor and Uganda Investment Authority-UIA, have just concluded a nationwide three-phase initiative dubbed Rising Woman under the theme ‘Taking your Business Ahead’. The objective of the initiative is to recognize, celebrate and promote a culture of mentorship among
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