The International Monetary Fund (IMF) has revealed that expenditure of the USD 1 billion (3.5 trillion Shillings) loan that Uganda is receiving will be tracked on a quarterly basis. The loan approved on Monday will be disbursed in three financial years, starting with the 2021/22 financial year which kicked s
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Security agencies hunting for assailants that riddled Gen Edward Katumba Wamala’s military vehicle on June 1st at Kisota road with bullets have shot dead one Hussein Wahab Lubwama alias Master, the suspect who allegedly actually killed the General’s daughter, Brenda Nantongo and driver Haruna Kayondo. The deputy Inspector General of
Read MoreThe price of fruits have shoot up in Tororo district due to high demand amidst scarcity. The price of water melon is now ranging between 3,000 Shillings and 10,000 Shillings compared to previous price before lockdown which was between 1, 000 Shillings and 7,000shillings.Pineapples used to cost was between 800
Read MoreDigital Innovation: A Missed Opportunity For Tourism Recovery
Entrepreneurs undergoing training at The Innovation Village Before COVID-19 virus arrived in Uganda, the Tourism sector was registering a steady rise in foreign exchange from tourists. According to the Annual Tourism Sector Performance Report for Financial Year 2018/2019, revenue rose from $1.45 billion in 2017 to $1.6 billion in 2018.
Read MoreBy Hassan Kitenda Private equity as an alternative asset class is a very attractive investment vehicle for investors, due to its ability to deliver higher returns relative to other asset classes over the long term. Private equity is widely practiced in developed countries as it compensates for the scarce credit
Read MoreUsers of mobile phones will effective today pay a 12 per cent Excise Duty on the value of data, airtime and other value-added services they use, each time they top up. The tax which has until now been charged at 20 per cent, replaces the daily 200 Shillings Over the
Read MoreThe growth of hydropower plants worldwide is set to slow significantly this decade, putting at risk the ambitions of countries across the globe to reach net-zero emissions while ensuring reliable and affordable energy supplies for their citizens, according to a new report by the International Energy Agency. While global
Read MoreThe pharmaceutical society of Uganda together with the developer of the famous COVIDEX herbal drug Prof Patrick Engeu Ogwang have moved in to regulate the price of COVIDEX on the market. The move follows the increase in prices of the drug. Prior to yesterday's approval of the product by the
Read MoreThe Government has released a list of the groups of people who will benefit from the Covid-19 relief cash. While announcing the second lockdown to control the spread of Covid-19, President Yoweri Museveni said that his government was going to support vulnerable people whose income was interrupted by the lockdown.
Read MoreA COVID-19 Patient being attended to by a health worker On May 28, 2021, Irene Nakasiita, the Public Relations Manager of the Uganda Redcross Society tested positive for COVID-19. She was admitted to Jinja Regional Referral Hospital on the same day since her lungs were filling up with fluid. Nakasiita
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