By Katusiime Kellen Airtel Uganda has joined hands with Uganda Blood Transfusion Services (UBTS) to mobilize the public to donate blood in a 4-day campaign. Airtel and UBTS have set up six centres within Kampala and its suburbs to enhance their ‘Be Red Campaign’ which targets to raise over 4,000
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United Bank for Africa Plc (UBA) successfully raised USD500 million through a debut Eurobond that was over-subscribed by 240%. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S)
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The African continent is expected to grow to a US$3trn (Shs10,756 trillion) economy by 2030, according Ernst & Young’s ‘Attractive Program Africa 2017’ report. The strongest economies over the last two years have included commodity-importing East African countries such as Tanzania, Ethiopia, Kenya and Rwanda while the West African economies
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Five Police Flying Squad operatives in Kasese district are in trouble for alleged theft of two bags of coffee beans. The five, whose identities have been withheld by Police, are being held by the Police Professional Standards Unit. Local news agency, URN, reports that they allegedly confiscated two bags of
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Uganda Revenue Authority (URA) has released a list of top 20 tax paying religious institutions in Financial Year 2016/17, Business Focus reports. “The URA team appreciates you among the top religious institutions this financial year for mastering the biblical teaching of: ‘Give to Caesar what is Caesar’s, and to God
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The National Social Security Fund (NSSF) has launched a Voluntary Membership Plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement. The Fund also introduced a mobile money platform through which it will
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A top Bank of Uganda (BoU) official has said Uganda cannot achieve the much publicized Middle Income Status by 2020 going with the recent and projected economic growth. Adam Mugume, the executive director for research at BoU revealed this on Thursday at Shelton Hotel, Kampala during the post budget discussion
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Tanzania’s Government signed a $154 million (Shs552.5bn) contract on Saturday with the State-run China Harbour Engineering Company (CHEC) to expand the main port in the commercial capital, Dar es Salaam. Tanzania is seeking financing for infrastructure projects as part of its plans to transform the country into a regional transport
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By Godfrey Kenneth Gobba A Salary Loan is one of the greatest opportunities that employed people have to start creating wealth for themselves, but many often squander this opportunity. Anyone that has ever approached a bank seeking a loan knows for a fact that qualifying for credit is indeed no
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Prime Minister Theresa May was fighting to hold on to her job on Friday as British voters dealt her a punishing blow, denying her the stronger mandate she had sought to conduct Brexit talks and instead weakening her party's grip on power. With no clear winner emerging from Thursday's parliamentary
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