Centenary Bank profit after tax fell by 8.7% to Shs100.27bn in the year ended December 31, 2017, down from Shs109.9bn recorded in 2016. According to the 2017 results released by Centenary Bank on Friday, the fall in profit is largely due to increased Non-Performing Loans (NPLs) and bad loans written
Read More
Uganda’s conservation and tourism fraternity is mourning the death of the oldest chimpanzee. Zakayo, 54, Uganda’s known oldest chimpanzee died at the Uganda Wildlife Education Centre (UWEC). UWEC’s Executive Director James Musinguzi confirmed the development while speaking to Daily Monitor. Musinguzi said Zakayo started feeling unwell about 3 weeks ago
Read More
Kenyan news site Tuko reports that a Catholic bishop has called on Kenyans to have more than two children, blaming the media for discouraging people from having large families. Bishop Norman King'oo Wambua of the eastern county of Bungoma reportedly told believers: This propaganda of depicting a family as father,
Read More
The Ministry of Energy and Mineral Development’s Petroleum Supply Department has listed and shamed 114 fuel stations selling adulterated fuel in Uganda. Yusuf Masaba, a Communication Specialist at Ministry of Energy and Mineral Development told Business Focus that the named companies will be penalised in accordance with administrative guidelines and
Read More
David Balondemu, a known lawyer has won a court case in which he sued the Law Development Centre (LDC) for cancelling his diploma in legal practice over allegations of examination malpractice. Balondemu of Balondemu & Co. Advocates petitioned the High Court Civil Division in 2016 saying that he genuinely passed
Read More
Veteran Ugandan coach, Sam Simbwa has been named caretaker coach of Uganda Revenue Authority Football Club (URA FC). This development was revealed by URA Director of communications in a statement issued on Thursday two days after the team's coach Paul Nkata stepped down. Below is the statement. We confirm the
Read More
The Deputy Chief Coordinator of Operation Wealth Creation (OWC), Lt. Gen Charles Angina has warned that unless Uganda ensures stability, the country will experience the infamous oil curse. Angina made this warning on Wednesday while speaking at the ongoing Oil and Gas Convention held at Serena Hotel, Kampala "The security
Read More
Every fourth Thursday in April is International Girls in ICT Day. This initiative by the International Telecommunication Union started in 2011 with over 300,000 girls and young women have taken part in more than 9,000 celebrations of International Girls in ICT Day in 166 countries worldwide.In Uganda, as we are
Read More
Kenya’s economy grew by 4.9 per cent in 2017, recording the slowest margin in five years amid prolonged electoral process and adverse weather. That pace of growth falls far below the 5.9 per cent recorded in 2016, data released today by the Kenya National Bureau of Statistics (KNBS) indicate. The
Read More
President Yoweri Museveni has commissioned Baralegi Presidential Demonstration Farm, in Baralegi, Okwang Sub-County in Otuke District in Lango Sub-Region. The farm is the third of its kind in the country, after Kawumu Farm in Luweero District and Kityerera in Busoga Sub-Region. President Museveni said that it is unacceptable for the
Read More
