Maize from Uganda is flowing into Kenya, setting the stage for a reduction in grain prices. According to the Eastern Africa Grain Council (EAGC), Kenya has imported 1,396 tonnes from Uganda in the past week. The maize, which is retailing at an average KSh2, 846 for a 90-kilogramme bag and
Read More
The NRM Caucus has rejected the controversial Constitutional Amendment Bill, 2017 in its current form. The Bill seeks to amend Article 26 and give Government powers to compulsorily acquire land before compensating the owners. NRM MPs who attended the heated meeting that was summoned by the Party Chairman, President Yoweri
Read More
Aggie Asiimwe Konde, who has quit NTV as Managing Director will effective October1, 2017 become the Chief Executive Officer of a top regional organization, Msingi East Africa Ltd. The organization confirmed snatching Konde from NTV. Msingi is an independent East African organisation that is building competitive, inclusive and resilient industries
Read More
Aggie Asiimwe Konde, the NTV Managing Director will effective September 8, 2017 cease to be the TV station boss after four and half years of service. Africa Broadcasting Uganda Ltd (ABUL), a Nation Media Group company and home of NTV/SPARK TV Uganda confirmed the development on Thursday, noting that Konde
Read More
Bank of Uganda has been asked to produce all procurement files relating to purchases made for its golden jubilee celebrations. The demand was made by Parliaments Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) in a meeting with Central Bank officials led by the Deputy Governor Louis Kasekende. The
Read More
Crude production data for June shows Russia remains the world's largest oil producer, according to the Joint Organizations Data Initiative (JODI). Russia produced 10.36 million barrels per day (bpd) during the month, while Saudi Arabia pumped slightly above 10 million bpd. The volume of production in Russia, according to the
Read More
The number of South Sudanese refugees in Uganda hit one million on Thursday, the United Nations said, as hundreds of desperate families pour across the border every day seeking a haven from the civil war. The conflict in South Sudan has created Africa's biggest refugee crisis since the 1994 Rwandan
Read More
The Forum for Democratic Change (FDC) Secretary General, Nathan Nandala Mafabi, says he will thwart any attempts to skew party presidential elections in favour of any of the candidates in the race. FDC president Mugisha Muntu, who defeated Nandala in the 2012 elections, is the race to retain the top
Read More
Justine Bagyenda, the Executive Director in charge of Supervision at Bank of Uganda (BoU) has been on the hot seat since the controversial takeover of Crane Bank by Uganda’s Central Bank in October last year. She has been accused of sleeping on her job as the then 4th largest bank
Read More
Africa’s richest man, Aliko Dangote, plans to invest $20 to $50 billion (about UShs180 Trillion) in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5
Read More
