EFC Uganda Limited was closed in January 2024 The Deposit Protection Fund (DPF) is grappling with challenges in tracing all account holders from two recently liquidated commercial banks, leaving millions of shillings unclaimed. In January and June 2024, the Bank of Uganda closed EFC Uganda Limited and Mercantile Credit Bank
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Suzan Murungi shades more light on the role of the National Lotteries and Gaming Regulatory Board regarding responsible gaming in Uganda. The National Lotteries and Gaming Regulatory Board (NGLRB), in partnership with Butabika National Referral Hospital and the Bank of Uganda (BOU) recently organized an outreach event to raise awareness
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The launch was graced by top women in business dfcu Bank, in partnership with Monitor Publications Limited has officially launched Season 7 of the dfcu Rising Woman Initiative, a national campaign aimed at empowering women entrepreneurs with the knowledge, networks, and resources they need to thrive. Launched at Mestil Hotel
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Okello Robert Bob (seated) during a recent Career Expo at Soroti University where he exposed several youth to careers in the digital economy and BPO. With Uganda positioning itself as a continental leader in Business Process Outsourcing (BPO), local tech entrepreneur and youth advocate Okello Robert Bob has unveiled
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Fresh revelations have emerged regarding the foiled robbery at Diamond Trust Bank (DTB) in Kavumba, Wakiso District, which occurred early Sunday morning. One of the suspects, identified as Emmanuel Okao, was shot dead by police, while his alleged accomplice, Justin Okello, was arrested after surrendering. According to police, both suspects
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Aggrey Kibenge, the Permanent Secretary in the Ministry of Gender, Labor and Social Development Officials managing the World Bank-funded Growth Opportunities and Productivity for Women Enterprises (GROW) project, which offers low-interest loans to women entrepreneurs, are moving to revise access requirements following low uptake in some areas. Under this 217-million-dollar
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Officials unveiling the Colour Hero Store in Arua Plascon Uganda, in partnership with Precious Impex, has officially opened a Colour Hero Store in Arua City — a strategic move aimed at strengthening its footprint in the West Nile region and enhancing service delivery to both professionals and individual customers.
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The Ugandan delegation at the Specialty Coffee Expo The Specialty Coffee Expo, a premier event for the global coffee industry, recently wrapped up its 3-day run at the Gordon Brown Convention Center in Houston, Texas. This year's expo drew over 10,000 attendees from more than 80 countries, providing a platform
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More than 60% of the contracted works are complete Lagan DOTT Namanve Ltd., the joint venture responsible for delivering essential infrastructure at the Kampala Industrial and Business Park (Namanve), has announced that the project is progressing strongly, with more than 60% of the contracted works completed. This milestone marks a
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The Ministry of Works and Transport is in need of Shs66Bn for maintenance of the various road equipment purchased by Government recently. However, only Shs23Bn has been availed in the FY 2025/26 budget, thus leaving a funding gap of Shs43Bn. The details are contained in the report for the 2025/26
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