Leading Pan African entrepreneurship and innovation non-profit, the Africa Women Innovation and Entrepreneurship Forum (AWIEF) has announced the top finalists in its annual awards to celebrate women leaders and entrepreneurs in Africa. Promoting excellence in entrepreneurship and innovation amongst women-owned businesses in all sectors and across all 54 African countries,
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Uganda National Oil Company Names New Boss Replacing Josephine Wapakabulo
The Uganda National Oil Company (UNOC) has unveiled Proscovia Nabbanja (in featured photo) as the Acting Chief Executive Officer (CEO), replacing Dr. Josephine Wapakabulo, who quit the job for greener pastures. Wapakabulo will officially leave office tomorrow August 13, 2019, leaving Nabbanja to take full charge of the national oil
Read MoreThe Uganda Shilling remained largely stable over the quarter ended May 2019 despite some volatility recorded in April 2019. However, according to the State of the Economy Report released by Bank of Uganda (BoU) in July 2019, outlook indicates that the local unit is likely to get weaker. On quarterly
Read MoreThere are worries that Uganda’s public debt could hit past the 50% threshold. According to the State of the Economy Report released by Bank of Uganda (BoU) in July 2019, the total public debt is projected to rise from 42.2 percent to 45.7 percent of GDP in nominal terms in
Read MoreThe High Court in Kampala has given green light for the auditing of struggling Uganda Telecom Ltd. The case was filed by Uganda Broadcasting Corporation against the official Receiver/Administration, UTL. Giving his ruling in the presence of Christine Mpumwire, Counsel for the Applicant and Nuhu Wadembere, Counsel for the respondent,
Read MoreThe Cooper Motor Corporation (CMC), the exclusive distributor for Ford in Uganda, has launched the new Ford EcoSport compact Sports Utility Vehicle (SUV). The car was unveiled at CMC head offices in Kampala on Wednesday. CMC says the Ford EcoSport offers customers more style, compatibility and choice-blending rugged SUV functionality
Read MoreLaw Development Center (LDC) pre-entry exams for this academic year hang in balance after Minister of Justice and Constitutional Affairs, Kahinda Otafiire admitted that Government has no single penny to organize them. The Minister made the revelation yesterday while appearing before the Legal and Parliamentary Affairs Committee to introduce the
Read MoreREPORT: Lending Rates Decline Marginally To 20.2% As Private Sector Credit Growth Picks Up
Commercial banks’ lending interest rates declined marginally to 20.2 percent in the quarter to April 2019 compared to 20.7 percent recorded in the quarter to January 2019, the State of the Economy Report June 2019 released by Bank of Uganda (BoU) says. This report presents domestic and external economic developments
Read MoreConcerned government institutions have come together to enforce legal obligations and standards in the film industry, giving those involved two months to clean up their act or face the music. At a joint sensitization workshop held at Uganda Communications Commission (UCC) offices on 01 August 2019, the Media Council, Uganda
Read MoreUganda’s mobile money market continues to grow every passing day. Having been introduced about a decade ago, mobile money revolutionized the country’s financial sector. The latest figures from Uganda Communications Commission (UCC) indicate that the number of Mobile money registered subscribers grew to 24,472,033 in Quarter 4 of 2018, up
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