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ICTNews

Smile Telecom Quit Ugandan Market Without Paying Shs2bn In Fines To UCC-Report

Irene Kaggwa, the UCC Executive Director  The Auditor General has queried the competence of Uganda Communications Commission (UCC) at managing Uganda's communication sector, after discovering that the Commission failed to claim Shs2.083Bn Smiles Telecommunications Limited owed Government before its unceremonious departure from Uganda's market. In the December 2022 report to Parliament,

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Banking

Three Gov’t Owned Banks Need Shs141bn Capital Injection To Survive -Auditor General

Auditor General, John Muwanga Government must fulfill its financial obligations in three banks where it has shares for them to continue running normally. The Auditor General, John Muwanga says Government must inject  capital worth Shs141bn in Housing Finance Bank Limited, Post Bank Uganda Limited and Tropical Bank Limited so that their  operations aren’t interrupted. In

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EntrepreneurshipICTNews

Ugandan Innovation Among 7 African Startups To Receive Shs1.4bn To Develop Solutions For The Blue Economy

Founders of the seven startups Climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 (UShs201.9m) in funding to advance their solutions for the blue economy in Africa. The total money to be shared by the seven startups is US$385,000 (UShs1.4bn). The

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News

Gov’t, Companies Gear Up For Uganda- South Africa Business Summit

PSFU Chief Executive Officer, Stephen Asiimwe The Private Sector Foundation Uganda (PSFU) in partnership with Ministries of Foreign Affairs, Trade and Cooperatives, Privatisation and Investment is organizing the Uganda- South Africa Trade, Tourism, and Investment Summit to take place on February 27th –1st March 2023 in Pretoria, South Africa. The Business Summit will be

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