President Yoweri Kaguta Museveni has called on soldiers to embark on the making of bricks as part of the measures to reduce costs of erecting buildings in barracks. The President made the call at Nsamizi Special Forces Command (SFC) barracks in Entebbe Municipality on Friday where he commissioned the new
Read More
The Bank of Uganda (BoU) has cautioned the public against investing in Ponzi schemes. A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. BoU explains that money invested by clients is not invested in any legitimate business but used to pay
Read More
Makerere University’s Office of the Academic Registrar, has released the Official admission lists for privately sponsored students for the Academic Year 2017/2018. Speaking to URN, Charles Ssentongo, the Deputy Academic Registrar said the academic year begins on August 12. Ssentongo said that all students admitted on private programmes shall begin picking
Read More
The controversial collapse of Crane Bank, Uganda’s then 4th largest bank in terms of assets has been in the news since the last quarter of 2016. On October 20, 2016, the Bank of Uganda (BoU) announced that it had taken over the management of Crane Bank Ltd after the bank
Read More
Tyre distributor Sameer Africa has raised the bar for disclosure of executive pay with the publication of detailed accounts of what each took home, turning the spotlight on the large number of public listed companies that have been using multiple tactics to hide what the top bosses earn, According to
Read More
Finance Trust Bank (FTB) has trained over 1,000 women in financial literacy. Speaking to Business Focus on the sidelines of the financial literacy program held at UMA main Hall on Thursday, FTB Managing Director, Annet Nakawunde Mulindwa, said over 1,000 women of all ages were trained and encouraged to open
Read More
Exim Bank Uganda has launched a 3- month bid guarantee campaign for Small and Medium Enterprises (SMEs) to allow them grow and expand their operations. The bid guarantee will not exceeding Shs1bn capital value. The campaign dubbed ‘Chap Chap’ Bids was launched on Thursday at the bank’s offices located at
Read More
Tanzanian opposition politician Tundu Lissu was arrested on Thursday, reports AFP news agency. No reasons were given for the arrest of Lissu, but it comes three days after having called President John Magufuli a "dictator". On Monday Mr Lissu told reporters that repeated arrests of senior party members were intended
Read More
Deaths linked to Aids have halved in a decade, official figures shows. The condition, which is caused by HIV, used to be one of the top 10 causes of death worldwide. A report by the Joint United Nations Programme on HIV/Aids (UNAids) showed deaths had fallen from a peak of 1.9 million
Read More
FR. GAETANO WRITES TO MUSEVENI ON AGE LIMIT Mr President, you still have a chance to salvage your image. Mr President, I want to believe that you still remember in 1996, I was on your team that was soliciting for votes in Kigezi region. On that team, which was chaired
Read More
