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)
Read More
Uganda should resort to witchcraft and violence if she wants to solve the now controversial land question, says President Yoweri Museveni's Senior Advisor on the media. Tamale Mirundi revealed this while appearing on local Tevelevision NBS on Tuesday morning. The One-on-One With Tamale Mirundi show is hosted by Simon Muyanga
Read More
The Uganda government chief whip Ruth Nankabirwa has scoffed at National Resistance Movement (NRM) members allegedly soliciting for money from the party so they can push through for a constitutional amendment to lift the presidential age limit. A number of legislators are reported to be making financial demands in order
Read More
According to research done by Wash a non-government organization with interest in water and sanitation in Uganda, over eight million Ugandans have no access to clean water. The report indicates that the most affected areas are parts of rural Uganda. A clear example of this, are residents of Bamutukudde Gayaza
Read More
About 15 people are missing after a seven-storey building collapsed on Monday night in an eastern suburb of the Kenyan capital Nairobi. [caption id="attachment_1785" align="alignnone" width="624"] Rescue workers are searching the rubble for survivors[/caption] The Kenya Red Cross tweeted that response teams were on the scene at the building, in
Read More
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
Read More
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
Read More
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
Read More
Uganda Wildlife Authority (UWA) dealt with fake Chinese envoys in its dealings regarding ivory, Business Focus has learnt. According to Ambassador Patrick Mugoya, the Permanent Secretary in the Ministry of Foreign Affairs, the two Chinese nationals under investigation for illegal ivory trade were not members of the Chinese Embassy in
Read More
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
Read More
