Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the G7countries to develop policies
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The Civil Division of the High Court in Kampala has declined to order an injunction against ongoing procurements in the oil and gas sector. Blocking the procurement would halt the ongoing efforts to develop the infrastructure needed to get oil out of the ground. The court in a ruling
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The CMA says the licensed broker is Chipper Technologies Uganda Ltd The Capital Markets Authority (CMA) has said Chipper Cash International Ltd is not licensed or approved by the Authority as a stock broker contrary to some media reports. The CMA says it’s Chipper Technologies Uganda Ltd that was licensed
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Beti Kamya, the IGG MPs on Parliament’s Legal and Parliamentary Affairs Committee have questioned the Inspector General of Government (IGG) on her proposed life style audit as a measure to curb the rampant corruption in Uganda. A section of lawmakers say the audit be used to witch-hunt civil servants.
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A farmer at Kyampologoma village pointing at maize plant which has been attacked by the African Army worm Farmers in Luwero district have been warned against wrong dosages of pesticides as they struggle to contain the fast spread of African Army worms in their gardens. The African Army worms were
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Masaka Deputy Resident City Commissioner, Ahmed Kateregga has instructed police to investigate money lenders who are confiscating the National Identifications (IDs) of borrowers over petty loans. He issued the directives after receiving complaints from several people after failing to recover their National IDs from the loan sharks. According to
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Mathias Katamba, Chief Executive Officer at dfcu Bank DFCU Limited announced a net profit of Shs 9.3 billion in 2021, down from Shs24.07bn recorded in 2020. According to to the results, dfcu’s total assets reduced to Shs3.13 trillion, down from Shs3.49 trillion recorded in 2020. The figures further show that
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Team Uganda with the State Minister for Higher Education Hon. Dr JC Muyingo The state minister for higher education Hon. Dr. JC Muyingo has said that Uganda shall never again close its education institutions because of a pandemic due to technological advancement. The state minister made these remarks on 9th April 2022
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The Minister of Local Government has directed the Mbarara City Clerk Asse Babireeba to interdict and investigate two officials citing dubious allocations of Central Market Lockups. The Minister Raphael Magyezi has also directed the Mbarara Central Market Vendors Association leadership chaired by Muhammed Nyombi to stop its operations and also
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The persistent invasion and destruction by stray elephants have forced hundreds of farmers in Nwoya district out of their farmlands. As it has been in the past seasons, elephants from Murchison Falls National Game Park stray into farmlands in Purongo, Koch Goma, Koch Lii, and Got Apwoyo Sub Counties and
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