Pope Francis has appointed Rev. Msgr. Serverus Jjumba (in featured photo) the new Bishop of Masaka Diocese. He replaces Rt. Rev. John Baptist Kaggwa, who wrote to the Pope resigning upon reaching the age limit. The announcement was made by Luigi Bianco, the Apostolic Nuncio to Uganda today. Bishop-elect Jjumba
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Government of Uganda borrows funds from the public. Bank of Uganda (BoU) is an Agent of Government to collect money (since 1969). The public/lenders place funds with government through their Central Securities Depository (CSD) accounts opened at BOU. The following are the instruments auctioned and used for fiscal purposes (prior
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The first Deputy Prime Minister, General Moses Ali has commended Uganda Communications Commission (UCC) for the sponsorship the establishment of a state-of-the-art solar-powered ICT computer laboratory at Bezza Al Hijji Senior Secondary School located in Adjumani West County, Adjumani District. The lab comprises 21 computers and other accessories. Established using
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The Uganda shilling weakened mid-week undercut by strong demand mainly from the interbank players building positions in anticipation of corporate activity on account of dividend payments during the week ending 12th April 2019. At the close of the week, the shilling however stabilized as some market players squared and there
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The Bank of Uganda (BoU), the regulator of Uganda’s banking industry has spoken out for the first time on ongoing investigations into the alleged mismanagement of PostBank. In a statement dated April12, 2019, the Central Bank acknowledges that following a petition to the State House Anti-Corruption Unit, by a whistleblower,
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The Government of Uganda has revealed new measures and steps being taken to increase coffee production and consequently transform the economy. The new measures were revealed by Vincent Bamulangaki Ssempijja, the Minister for Agriculture, Animal Industry and Fisheries while addressing the press at the Uganda Media Centre yesterday. The Minister
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African Alliance Uganda Ltd has exited Uganda’s stock market after 15 years of offering brokerage services. The company is licensed by Capital Markets Authority (CMA) as a Stock Broker and Investment Advisor. However, at the end of this month, the company will cease to operate its stock brokerage business arm
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The Uganda National Bureau of Standards (UNBS) has spoken out on the allegations that Bahari and Pearl salt brands are tasteless and don’t dissolve easily. The above allegations were made by Kilak North County Member of Parliament, Gilbert Olanya (in featured photo with the salt brands in question) on the
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The Uganda Communications Commission (UCC) has instructed all telecommunication providers to validate and update existing subscriber SIM registration information to insure full compliance with SIM card registration guidelines. The leading telecom players in Uganda are MTN, Airtel, Africell and Uganda telecom. In a statement dated April10, 2019, UCC said audit
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Diamond Trust Bank (DTB) Uganda recorded a net profit of Shs18.4bn in 2018, up from Shs15bn registered in 2017. This represents an increase of 22.7%. The bank’s financial statements for the year ended 31st December 2018 released yesterday indicate that the increase in profit was due to the reduction in
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