The 2022/2023 annual report by Bank of Uganda has revealed that the Central Bank spent Shs199bn to print and issue new currency in Uganda. “As the Bank issued more new currency to meet the economy’s demand during the period 2022/23, currency issuance costs also grew by 16% from Sgs172.3Bn
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The anti-corruption court has fined Simon Kigwana, a former prosecutor at Nabweru Chief Magistrates Court, 7 million Shillings and banned him from holding public office for ten years after finding him guilty of bribery. In case of default, Kigwana will serve one year at Luzira Maximum Security Prison. Anti-Corruption Court
Read MoreAgribusiness Development Centre Executive Director Josephine Mukumbya during the training. The unequal distribution of female and male workers across different job types and within job roles frequently serves as a core factor contributing to gender disparities in job quality, wage levels, and employment trajectories. During a one-day gender diversity training
Read MoreCoca Cola Beverages Uganda in a campaign recently attempted to clear parts of Lake Victoria off plastic waste. Small-scale farmers in different parts of the country have called for a complete ban on the construction of factories in wetlands, to protect water sources from contamination with hazardous waste. The farmers,
Read MoreThe Prosecution has lined up seven witnesses to testify against State Minister for Finance and Economic Planning Amos Lugoloobi who is implicated in the diversion of iron sheets meant for the vulnerable people of Karamoja. The Prosecution alleges that while at the office of the Prime Minister Stores in Namanve,
Read MoreBank of Uganda has revealed that in 2022/2023, the volume of mobile money transactions carried out on this National Payments System amounted to Shs191.1Trn. The details are contained in the 2022/2023 annual report for Bank of Uganda that was recently released, indicating that by 30th June 2023, mobile money transaction
Read MoreUganda Registration Services Bureau (URSB) is in the process of protecting shea butter and its unique products from Northern Uganda with Geographical Indications (GI). A geographical Indication is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that
Read MoreDouble Q is now constructing a bigger assembly plant in Mpigi as regional demand grows Double Q Company Ltd has commenced construction of a new assembling plant to increase its output of mainly Sinotruk heavy goods trucks in Uganda. Currently, the company with its operations at Busega along the Northern
Read MoreJamie Dimon, the chief executive of JP Morgan Chase The world may be facing "the most dangerous time... in decades", bank boss Jamie Dimon has warned. The chief executive of JP Morgan Chase told investors that he was concerned about the risks to the economy from rising geo-political tensions. He
Read MoreOil drilling is ongoing at the Kingfisher project area The Petroleum Authority of Uganda (PAU) has lifted the suspension of works at the Kingfisher Development Area (KFDA) in Kikuube District, paving the way for the resumption of operations. This is after a fatal incident within the Kingfisher project area occurred
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