The Uganda shilling traded in a volatile mode amidst local and offshore selling during the week ending 13th July 2018. Broadly the unit bounced back sharply to trade in the range of 3760/3770. However, liquidity in the money markets remained tight. Overnight funds traded at 6% while one week funds traded at 9%.
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Popular Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine will today grace the Pan African Pyramid (PAP) debate at Fairway Hotel in Kampala. Bobi will be joined by former Rubaga MP Ken Lukyamuzi aka the man to discuss the hotly charged topic of social media and Mobile Money taxes. The
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There has been a positive feeling about this summer's World Cup in Russia - for those watching in England for one obvious reason - but late drama, upsets and supporters having a good time everywhere has made it enjoyable in many more ways. It has also been a tournament which
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The Speaker of Uganda’s Parliament, Rebecca Kadaga has ruled that the August House no powers to stop social media and Mobile money taxes, noting that the House can’t interfere with a law that has already been enacted. She gave her ruling during a plenary sitting held Thursday afternoon where she
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US President Donald Trump has vowed to help end "vicious and violent" conflicts in Africa. Speaking to journalists during a Nato summit in Brussels, Mr Trump said Africa was on "our very strong list" of priorities. He added: “Africa right now has got problems like few people would understand. They
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South Sudan's parliament has voted to extend President Salva Kiir's term in office until 2021 amid failure to hold elections this year, the BBC reports. Mr Kiir has been in power since South Sudan's independence in 2011 and elections in 2015 were also postponed. The move could undermine ongoing peace
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President Yoweri Kaguta Museveni has said taxing deposits was wrong and it should stop immediately. And re-imbursments will be made. In a statement issued Thursday evening, Museveni said there was confusion about 1% and 0.5% charges on deposits on mobile money accounts which were not supposed to be taxed. “It
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A new report has revealed how government is literally killing Uganda’s private sector and the economy at large. The Bank of Uganda (BoU) Supervision Report for 2017 released recently says that the significant increase in the banks’ investment in Government of Uganda and BOU securities, with a meager increase in
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Government through the Ministry of Energy and Mineral Development has spoken out on the possibility of oil being discovered in Kayunga district. “There is no oil in Kayunga district,” says Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development. This is after Daily Monitor published two articles
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Stanbic Bank has been recognized as the Best Bank in Uganda at the 2018 Euromoney Awards. The Euromoney Awards for excellence are the world’s most prestigious and respected banking and capital markets accolades that recognize institutions bringing the highest level of expertise, service and innovation in the global financial industry.
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