Bank of Uganda officials have described the contoversial mobile money tax as discriminative and likely to affect financial inclusion. The officials made these remarks on Wednesday while meeting parliament's finance committee. According to Bank of Uganda officials, mobile money transactions declined by 672bn shillings in the first two weeks of
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Kenyan authorities have recalled 15 batches of six locally available heart and blood pressure drugs over fears that they may be carrying a cancer-causing impurity, Business Daily reports. The Pharmacy and Poisons Board (PPB) said in a statement dated July 12 that its decision to recall all drugs containing Valsartan
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Government has resolved to support cooperatives and Grain Council of Uganda to buy surplus maize from farmers. This is contained in a joint statement between the Ministry of Agriculture, Animal Industry and Fisheries and Ministry of Trade about falling maize prices presented to Parliament on Tuesday by Minister of Agriculture,
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Stanbic Bank Uganda has appointed Tony Okao Otoa the Head Enterprise Development – Stanbic Business Incubator. He will be in charge of delivering the bank’s enterprise development agenda, creation of market opportunities for business customers; management and implementation of programmes for the development of the Stanbic Business Incubator. With over
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More than 30 countries that support a set of principles calling for U.N. peacekeepers to protect civilians in armed conflict are asking the United Nations to go a step further and hold peacekeepers accountable if they fail to do so. A letter sent Tuesday to Secretary-General Antonio Guterres and obtained
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Uganda’s new social media tax will damage business and the economy and cool investor interest in its new IT sector that has wooed global giants Facebook and Google, industry executives said on Monday. President Yoweri Museveni, 73, has touted the levy as necessary to deter Ugandans from using social media
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A suspected land grabber in Mubende attempted to con President Yoweri Museveni of Shs 4 billion, the Justice Catherine Bamugemereire-led Land Probe commission heard on Monday. While testifying before the commission, Herman Byakatonda, a witness told the commission that Milly Naava attempted to con Museveni of Shs 4 billion in
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President Donald Trump has suspended Rwanda’s right to export clothing duty-free to the United States over Kigali’s decision to increase tariffs on imports of used clothing and footwear, the U.S. Trade Representative’s office said. The move, initially threatened in March and confirmed on Monday, was seen by many in Washington
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 Uganda's Minister of Information, Communications Technology and National Guidance, Frank Tumwebaze has defended the move by government to do away with airtime scratch cards. In a statement presented to Parliament i Tuesday afternoon, Tumwebaze made the case that E-commerce and digital transformation is good for all. According to the
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By Daily Mail Jose Mourinho's black mood is bringing down his players and unsettling staff on Manchester United’s troubled tour of the US. Mourinho’s extraordinary outburst at the weekend continued to reverberate around the United camp in Miami on Monday. It is understood that his comments about wanting Anthony Martial
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