Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda has said Ugandans will soon enjoy the advantages of Islamic Banking, noting that the regulations have been approved and will soon be gazetted. Mutebile made the remarks on January 31, 2018 at Uganda Bankers’ Association (UBA) Informal Dinner held in Kampala. Islamic banking
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The United States State Department has voiced its displeasure with actions in Kenya that saw opposition leader, Raila Odinga swear himself in as president in a symbolic inauguration. The US made its concerns clear on Thursday in a statement in which it asked that grievances be sorted in the courts
Read MoreThe most significant of the Ugandan Parliament's functions is to pass laws which will provide good governance in the country. The government ministers are bound to answer to the people's representatives on the floor of the house. Through the various parliamentary committees, parliament scrutinises government programmes, particularly as outlined in
Read MoreThe Uganda shilling was relatively stable on account of liquidity tightness and weak corporate demand during the week ending 2nd February 2018. Trading was in the range of 3620/3630. January inflation dipped to 3.0% from 3.3% at the same time Core, the closely watched indicator also dropped to 2.6% from 3.0%
Read MoreThe beginning of the year is often accompanied by a sense of change. People try out new habits and new routines, and think about new directions for their careers. So if you are in the market for a new job this year, we want to help you put yourself in
Read MoreTanzanian authorities are preparing to extradite a former Democratic Republic of Congo (DR Congo) army colonel who threatened an upsrising against President Joseph Kabila, news agency AFP reports. John Tshibangu, who deserted to rebel against Mr Kabila in 2012, said in a video posted on social media on two weeks
Read MoreIt may sound bizarre but it’s true. Controversial radio personality Mary Luswata has compared the dead singer Mowzey Radio to the Biblical Jesus Christ. The popular singer succumbed to head injuries he sustained in a brawl 10 days ago at an Entebbe night spot, De Bar. He was pronounced dead
Read MoreUganda's tax body, the Uganda Revenue Authority (URA) on Thursday impounded a truck with contraband goods believed to cause cancer. According to a message posted on the authority's social media page, the operation took place at the border crossing of Mpondwe in Kasese district, western Uganda along the border with
Read MoreKenya’s interior minister warns that arrests may be in store in relation to opposition leader Raila Odinga’s self-inauguration ceremony Tuesday as “the people's president.” Meanwhile, authorities say local media stations prevented from broadcasting Tuesday’s event live will remain off the air pending the results of an investigation. Interior Minister Fred
Read MoreWealthy Londoners are leaving the city as new taxes make it expensive to inherit and invest, and as Brexit prompts rich Europeans living in the U.K. capital to return home. This puts the British financial hub in the same category as Lagos and Istanbul, which are also seeing net outflows
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