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Parliament Wants Standard Chartered Bank Sued For Breach Of Contract After Failing To Raise Shs1.8Trn Loan To Gov’t

Minister of State for Finance (General Duties), Henry Musasizi Parliament's Joint Committees of National Economy and Finance have recommended  that the Ministry of Finance sues Standard Chartered Bank for breach of contract and wasting Parliament’s time in considering their loan proposal. This is after the lender failed to raise money /loan it had

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European Investment Bank’s Delegation Visits Uganda To Discuss Investment Opportunities

Edward-Claessen-Head-of-the-EIB-Regional-Office-in-Nairobi-during-the-visit-to-Vert-Limited A delegation representing the European Investment Bank (EIB) is on a week-long visit of Uganda to discuss a pipeline of investment opportunities in the country. Led by the Head of the EIB Regional Hub for Eastern Africa, Edward Claessen, the delegation is visiting the ministries of water, transport, energy,

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World Environment Day: Stanbic Bank, ‘Taasa Obutonde’ Partners Rally Businesses In Finding Solutions To Plastic Pollution

Representatives of Taasa Obutonde partners in a group photo Stanbic Bank Uganda Limited, together with its partners in the Taasa Obutonde campaign will mark the 50th Anniversary of the World Environment Day on June 5 with activities aimed at reducing plastic pollution across Uganda under the hashtag #BeatPlasticPollution. This year’s World Environment Day theme

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Analysis & OpinionsInternational News

Africa Set To Be The Second-Fastest Growing Region After Asia, Says AfDB Economic Outlook Report

Africa is set to be the second-fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks. But the projected growth will depend on global conditions and the continent’s ability to bolster its economic resilience, the African Development Bank’s

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Gov’t To Abandon Shs2Trn Loan From Kenyan Money Lender After ‘Shocking New Developments’

The Government of Uganda plans to abandon a move to  borrow Euro500M (Shs2.008Trn) from Amarog Capital Ltd, Sovereign Infrastructure Group and other financial institutions, after discovering that Amarog is a private money lender operating in agriculture sectors in Kenya and Uganda. The Minister of State for Finance (General Duties), Henry Musasizi (pictured),

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Tough Times For Employers As MPs Okay Automatic Contracts For Casual Workers After Six Months

Workers sorting tomatoes/Business Focus photo Parliament has approved a provision in the Employment Amendment Bill 2022, mandating all employers to provide all employers with contracts after six months of working continuously despite a heated debate over the matter. While presenting the Committee report, Flavia Kabahenda (DWR Kyegegwa) recommended an ation

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Analysis & OpinionsInternational News

Africa Remains Resilient To New Shocks, But Progress & Financing Must Be Accelerated – Report

African Development Bank President, Adesina In its latest annual report released on 25 May 2023, the African Development Bank Group highlights its critical contributions to the continent’s development and the wellbeing of its people in 2022. The Annual Development Effectiveness Review published yearly since 2011, assesses the Bank's support to the

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