Patrick Mweheire, the Chief Executive of Stanbic Bank, Uganda’s largest commercial Bank has been elected the new Chairman of the Uganda Bankers Association (UBA). He takes over from Fabian Kasi who held the position for the past three years. Mweheire is an accomplished banker with extensive commercial and investment banking
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At least 20 people have been confirmed dead and hundreds of families displaced after the walls of Patel Dam in Kenya broke down on Wednesday night, reports the Daily Nation. The dam is located in Solai, Nakuru County. Rongai police boss Japheth Kioko on Thursday said 20 bodies had been
Read More2017 Results Out: Uganda’s Best, Worst Performing Banks Revealed
2017 was a tough year for Uganda’s banking sector just like the past five years. However, the results commercial banks have been releasing in the past two months indicate that the sector is slowly recovering from the 2011 crisis when inflation and interest rates hit 30%, a thing that resulted
Read MoreThe Ugandan Parliament on Tuesday tasked the Commission of Inquiry into Land Matters in the country to account for Shs13 billion so far spent before they can approve the team’s request for an additional Shs7.8 billion. The commission is headed by Justice Catherine Bamugemereire and while she was grilling Lands
Read MoreAhead of a high-level forum on South Sudan next week, President Salva Kiir is urging SPLM ruling party officials to forgive his former deputy, Riek Machar, and said the rebel leader should return home. "You bring Riek Machar to Juba here. I guarantee his safety and I will protect him
Read MoreSouth Africa-based operator, MTN Group recently released its quarterly update for the period ended 31 March 2018, showing good data revenue growth. The company spoke about its network investments and how they have resulted in improved performance, too. MTN Group CEO Rob Shuter also made a comment about its use of ZTE
Read MorePolice in Kajjansi have resumed hunt for one Solomon Agaba who is alleged to have sexually assaulted a man sometime back. Agaba who is said to be a homosexual is said to have lured Jackson Mayanja Mukete into sexual actions after deceiving him that he was going to help him get
Read MoreIn June 2015, a report by the Global Entrepreneurship Monitor (GEM) crowned Uganda as the world’s most entrepreneurial nation, beating 72 other nations in the ranking. The report discovered that out of an average of 10 Ugandans, 3 were entrepreneurs. It was a surprise that Uganda, a small country tucked
Read MoreParliament turned dramatic when a section of MPs mainly from opposition backed United Nations (UN) plan to shift its base from Entebbe (Uganda) to Nairobi Kenya. The motion for a resolution of Parliament to urge Government to intensify engagement of essential diplomatic channels to convince the United Nations General Assembly
Read MoreUganda's President Yoweri Museveni and his Egyptian counterpart, General Abdel Fattah El Sisi have agreed to Coorperate on matters of Energy and agriculture. This development was revealed by Museveni who is on a three day state visit to Egypt. The president posted this message on his Facebook page "Arrived in
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