Coffee prices Wednesday extended Tuesday's sharp rally and posted 3-week highs. Coffee prices moved sharply higher this week on concerns that excessive dryness in Brazil and Vietnam will damage coffee crops and curb global production. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rainfall or 0% of
Read MoreNews
Ssebirumbi in a long sleeved Shirt appearing before Court on Wednesday. The Buganda Road Chief Magistrates Court has sentenced to caution, a Technician Christopher Ssebirumbi attached to the Bank of Uganda for malicious damage to 31 Air Conditioners belonging to the Central Bank. Ssebirumbi 48, on Wednesday, appeared before Grade
Read MoreUganda is increasingly earning big from coffee President Yoweri Kaguta Museveni has said that the Government is targeting to increase Uganda’s coffee revenue from 1 Billion US dollars to 5 Billion Dollars from the coffee value chain. The President was speaking on Tuesday in Karuhungu Rwashamaire Town Council, Ntungamo District
Read MoreWorld Cup Qualifiers: Pioneer Buses Removed from Namboole, Parking Space Of 900 Vehicles Secured
Part of the land where Pioneer Buses were kept, they have since been removed. Photo by Fahad Muganga All Pioneer buses that had occupied part of the Mandela National Stadium grounds in Namboole have been removed in preparation for the 2026 World Cup qualifying games. Uganda Cranes was recently cleared
Read MoreThe Ministry of Finance, Planning and Economic has revealed that in March 2024, Uganda imported merchandise worth US$1,037.84Bn (Shs3.946Trn) from US$909.54 million (Shs3.458Trn) in February 2024, indicating an increase of 14.1% of goods imported into the country. The details are contained in the Performance of the Economy Monthly Report for
Read MoreThe Egyptian delegation visiting NARO facilities for vaccine production The Ministry of Agriculture, Animal Industry, and Fisheries will today receive 3 million doses of Foot and Mouth Disease (FMD) vaccines from Egypt to bolster efforts to curb the current outbreak affecting some parts of the country. This was confirmed today in
Read MoreHousing Finance Bank’s Micheal Mugabi Elected Vice Chairperson Of Uganda Bankers Association As New Team Takes Mantle
The UBA Executive Committee 2024/2025; L-R: Wilbrod Owor (ED, UBA Secretariat), Sanjay Rughani (CEO, Standard Chartered), Micheal Mugabi (MD/CEO, Housing Finance Bank), Julius Kakeeto (MD, Post Bank), Patricia Ojangole (MD, Uganda Development Bank), Edgar Byamah (MD/CEO, KCB Bank), Shafi Nambobi( CEO, UGAFODE) and Mumba Kalifungwa (MD/CEO, Absa Bank). Micheal Mugabi,
Read MoreMoody's Ratings (Moody's) has downgraded the Government of Uganda's long-term foreign-currency and local-currency issuer ratings to B3 from B2 and changed the outlook to stable from negative. The downgrade of the ratings reflects diminished debt affordability and increasingly constrained financing options, amid greater reliance than in the past on comparatively
Read MoreGeraldine Ssali (Left) and officials from trade ministry appearing before PAC The Permanent Secretary of Ministry of Trade, Industry and Cooperatives, Geraldine Ssali has clashed with MPs on the Public Accounts Committee (PAC) over the December 2023 Auditor General’s report. MPs halted the consideration of the Ministry of Trade’s December 2023
Read MoreLast week, URA ‘s team one commenced a two-week long joint operation with Uganda Traffic Police and the Military. The operation targeted foreign registered motor vehicles, those with red plates (tax exempted vehicles), duplicate number plates and forged ones. Following intelligence reports, a number of check points were staged around
Read More