Shocking details have emerged following the arrest of two top security officers in Ntoroko district. On Sunday Gerald Atuhairwe, the Ntoroko district Police Commander and Brian Babishanga, the District Internal Security Officer were arrested for allegedly killing two civilians Erasmus Irumba and Richard Kanyoro Siet on allegations of illegal trading
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China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth of data. A new report by McKinsey Africa finds that its involvement is bigger and more multifaceted than previous studies suggest. Through a study conducted across
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Kenya is the first African country to start using a new generic Aids drug that can improve and prolong the lives of people who suffer severe side effects and resistance to other treatments, the Reuters news agency reports. Dolutegravir (DTG), which was first approved in the US in 2013, is
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More than a quarter of the world's population now uses Facebook every month, the social network says. "As of this morning, the Facebook community is now officially two billion people," founder and chief executive Mark Zuckerberg posted. The milestone comes just 13 years after the network was founded by Mr
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In preparation for the formal launch of Agency Banking services in Uganda, Stanbic Bank in collaboration with the Uganda Law Society have hosted an Agency Banking conference to discuss the potential implications of this new financial channel to the legal fraternity, financial stakeholders and potential agents. The event took place
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By Godfrey Kenneth Gobba The concept of investing our money in financial assets like Stocks, Treasury Bills and Government Bonds is still very foreign to many of us and remains subject to public skepticism. Historically, the only assets we knew were land and houses, but here are three reasons why
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A globally acclaimed Investment Economist has expressed optimism that regional economies including Uganda will make a quick recovery following a period of economic downturn mainly occasioned by cautious election period and re-emergence of regional conflicts in hot spots such as Southern Sudan. Sanlam Group Investment Economist, Arthur Kamp in an
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Uganda’s State House has said that it only pays school fees to students, but doesn’t offer scholarships. This revelation was made by the State House Comptroller, Lucy Nakyobe while appearing before the Parliament’s Committee of Equal Opportunities on Tuesday to answer questions related to State House scholarships. The meeting between
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A Uganda Peoples Defence Focces (UPDF) officer at the rank of Lt Colonel has been arrested over a botched arms deal in the western district of Ntoroko that left to people dead. According to a press statement issued by Brig Richard Karemire, the Uganda army spokesperson, Lt Colonel, Richard Muhangi,
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Uganda’s commercial banks are increasingly turning away borrowers, a latest report from the Bank of Uganda (BoU) reveals. According to BoU’s Monetary Policy Report for June 2017, growth in Private Sector Credit (PSC) remains subdued, despite the easing of the Central Bank Rate (CBR), a benchmark lending rate for commercial
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