President Museveni (left)and his Tanzania counterpart John Pombe Magufuli (RIP) sign a pact for the East Africa Crude Oil Pipeline (EACOP) project in Tanzania in September last year. PHOTO | Daily Monitor The launch of the Tilenga Development Project and the East African Crude Oil Pipeline (EACOP) project, which was
Read More
Richard Byarugaba (L), the NSSF MD and Tony Glencross, the Nation Media Group Uganda Managing Director addressing the press The National Social Security Fund (NSSF)-Monitor Career Expo will be carried out online this year, with focus on equipping university students with employment and entrepreneurial skills to survive in the “new normal”
Read More
The Uganda National Bureau of Standards (UNBS) has released a list of certified maize milling companies as at 22nd March 2021. This is in line with the UNBS mandate of consumer protection, aimed at protecting Ugandans from buying substandard maize flour which could be harmful to their health. The updated list
Read More
Maize flour dealers are urged to get certification The Uganda National Bureau of Standard (UNBS) has called upon all maize flour dealers to adhere to the maize flour quality standards as well as seek UNBS certification before placing their products on the market. During the ongoing sensitization stakeholder engagements held
Read More
The newly upgraded Gulu substation. Umeme has invested massively in infrastructure The Board of Directors of Umeme Limited have issued a profit warning, informing the shareholders of the Company, prospective investors, and the general public that based on the assessment of the Company’s performance for the year ending 31st December 2020, it
Read More
Dfcu head offices in Kampala The Board of Directors of dfcu Limited has announced to its Shareholders and investors that the Company’s audited financial statements for the year ended 31st December 2020 will indicate a decline in the Company’s net profit. In a statement issued on March 22, 2021, the Company’s Secretary said decline is
Read More
Lions are a key tourist attraction/ Courtesy photo Uganda Wildlife Authority(UWA) has announced the death of six lions in Queen Elizabeth National Park. The carcasses of the lions were found last evening at Ishasha sector with most of their body parts missing. “Eight dead vultures were also found at the
Read More
Commercial banks registered strong growth in customer deposits of 17.1 percent from USh22.9 trillion in 2019 to USh26.8 trillion over the year ended December 2020 in spite of the slow pace of economic recovery. This revelation is contained in Bank of Uganda’s Quarterly Financial Stability Review December 2020 released in March 2021. “Most of this increase
Read More
Government will register all coffee farmers across the country/Courtesy photo Parliament Thursday reconsidered and passed the National Coffee Bill, 2018 as returned by the President in accordance with Article 91(3)(b) of the Constitution and Rule 142 of the Rules of Procedure. President Yoweri Museveni last month returned the bill to
Read MoreThe banking sector, on aggregate, held strong capital buffers in the year to December 2020, maintaining resilience to potential shocks, Bank of Uganda’s Quarterly Financial Stability Review December 2020 released in March this year has revealed. According to the report, the aggregate core capital-to-risk-weighted assets ratios for commercial banks, MDIs
Read More
