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UCC Stops Invoicing Heavily Indebted UTL As Arrears Accumulate To Shs70bn

Uganda Communications Commission (UCC) has not invoiced Uganda Telecom Limited (UTL) for the different resources amounting to Shs70.3 billion since 2015, the just released December 2019 Auditor General report has revealed. Shs38.9 billion was before UTL went into administration and Shs31.3billion post administration. In his report to Parliament, Auditor General

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FeaturedInternational News

“Nobody Eats GDP” Says African Development Bank President As He Calls For Inclusive Growth

Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina (pictured), said as he unveiled the Bank’s flagship economic report on Thursday. The 2020 African Economic Outlook (AEO)  showed that the continent’s

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