The role of Bank of Uganda’s legal department has come into question after it emerged that the Central Bank has spent about Shs3bn on external lawyers in a period of about two years. The revelation came into light on Tuesday when BoU officials led by Governor Prof. Emmanuel Tumusiime Mutebile
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Are you planning to start exporting goods produced in Uganda and bring in the much needed foreign currency in the country? These top 5 countries earning Uganda millions of dollars in exports will give you a snapshot on where to start from. The list is derived from figures released by
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President Yoweri Kaguta Museveni has said Uganda is fast becoming a middle-income country with vast investment opportunities in agro-processing, industrialization and the service based sector. "Uganda is moving towards becoming a fast world country based on four sectors; commercial agriculture, industries, services and ICT," he said. The President was meeting
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Hadijah Nalubega, 30, never imagined she would one day become a landlady given the fact that her job in Uganda wasn’t satisfying. However, after securing a job in Qatar through Middle East Consultants, a labour exporting agency licensed by the government in 2014, Nalubega is closer to becoming a landlady.
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President Yoweri Museveni is in New York, US for the 72nd session of the United Nations General Assembly currently taking place at the UN Headquarters. The UN General Debate will open on Tuesday, 19 September 2017 under the theme 'Focusing on People: Striving for Peace and a Decent Life for
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Uganda Clays Limited (UCL), Uganda’s largest local clay products manufacturer is now out of danger. The first company to list on Uganda Securities Exchange (USE) in 2000 has been struggling to return to sustainable profitability for close to a decade. UCL nearly collapsed as a result of an expansion gone
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13 Ugandan banks risk collapsing if three of their largest borrowers defaulted, according to the 2016 Annual Supervision Report published by Bank of Uganda (BoU) last week. If the three borrowers defaulted, the banks would become significantly undercapitalized; a thing that might see BoU take them over just like it
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Uganda has been ranked 3rd in a survey on financial and digital inclusion by a US-based public institution, helped by the wide adoption of mobile money in the local economy. Brookings Institution’s Centre for Technology Innovation, a non-profit organisation based in Washington DC, in its latest report put Uganda 3rd
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Uganda’s richest man Sudhir Ruparelia has exposed Bank of Uganda (BoU) lawyers, MMAKS Advocates and AF Mpanga in new evidence adduced before Uganda’s High Court, Commercial Division. Last Wednesday Sudhir told Court that he wanted the lawyers in question out of the case in which the Central Bank sued him
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President Yoweri Museveni has said that land tribunals will shorten the time of appeal for discontented landowners when the Land Law is amended. The President, who was accompanied by the Minister of Agriculture, Animal Industry and Fisheries, Vincent Bamulangaki Ssempijja, State Minister for Lands, Persis Namuganza, Deputy Attorney General, Mwesigwa
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