Orient Bank head offices in Kampala I&M Holdings PLC has announced the majority acquisition of Orient Bank Limited (OBL) from 8 miles LLP and Morka Holdings Limited. OBL is the 12th largest bank and a licensed and established commercial bank in Uganda. I&M Holdings PLC and Orient Bank Limited signed
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African Countries Commit To Double Agricultural Productivity As Dev’t Banks Pledge Shs61 Trillion Support
A coalition of multilateral development banks and development partners has pledged over US$17 billion in financing on Friday during a high-level forum, in a bold bid to address rising hunger on the African continent and to improve food security. These funds were pledged on the final day of a two-day
Read MoreMakara says his stainless steel tanks are of high quality Brighton Makara is a Ugandan youth who is passionate about the environment. His dream is to see as many Ugandans as possible using environmentally friendly items. It’s against this background that he ventured into the business of making stainless steel
Read MoreNSSF Unveils Multi-billion Real Estate & IT Business Opportunities For Suppliers
Panelists at the NSSF annual Suppliers Forum The National Social Security Fund (NSSF) has unveiled business opportunities for local suppliers in real estate and information technology for the next financial year 2021/22. This was during its annual Suppliers Forum held virtually under the theme, “Call for partnership; Let’s Shape the future of the
Read MoreConstitutional Court Dismisses Application Against People Power, People’s Gov’t Pressure Groups
Dr. Kizza Besigye with Robert Kyagulanyi Ssentamu aka Bobi Wine The Constitutional Court has dismissed a petition by the former Ruhama County parliamentary aspirant Adens Ntare Rutaro challenging the political activities of People power and People's Government pressure Groups. The five-member panel of the Constitutional Court Justices led by the Deputy
Read MoreFinance Ministry Officials led by Minister Matia Kasaija appearing before Parliament’s Budget Committee Ministry of Finance says Uganda Revenue Authority (URA) revenues are projected to increase to Ushs20.84 trillion for FY 2021/22, up from Ushs 20.22 trillion for FY 2020/21. Finance Minister Matia Kasaija made the remarks this morning while presenting harmonised position
Read More25 Year Old Ssendegeya Ventured Into Coffee Value Addition To Change Lives Of Fellow Youth
Aloysious Ssendegeya wants to empower youth through coffee Ugandans are increasingly venturing into coffee value addition as the country’s volumes continue to increase. This is a result of Uganda Coffee Development Authority (UCDA) efforts to increase coffee production to 20 60kg million bags by 2025. Aloysious Ssendegeya, 25, is one of
Read MoreUganda Revenue Authority (URA) is set to line up more job vacancies with an official announcement expected to come through on Monday 26th April, 2021. The tax body on 12th April 2021 issued an advert calling for applications jobs with deadline for submissions as 1st May 2021. However, in a latest statement, URA
Read MoreEskom Managing Director, Thozama Gangi (with back to camera) commissions the Kiira Power Station governor system. Looking on are (L-R), Stephen Byaruhanga, Eskom Finance Director, Luvuyo Feni, Eskom Technical Director and Engineer Mildred Nannono who oversaw the project. Eskom Uganda has invested 5 billion shillings in an electronic governor upgrade
Read MoreThere was an increase in lending rates charged on both the Shillings and foreign currency denominated credit in February 2021 compared to the previous month, the March Ministry of Finance Report on the performance of the economy has revealed. Although lending rates by commercial banks remain high, in March 2021,
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