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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Uganda’s Inspector General of Police (IGP) absence from three major public events has sparked speculation about his health – at a time when the police is receiving criticism for alleged torture of suspects in their custody. IGP General Kale Kayihura was absent from the State of the Nation Address, the
Read MoreTanzania’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
Read MorePrime 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
Read MoreUgandan socialite and wife of Tanzanian singer, Diamond Platnumz, Zari Hassan, has been given the authority to manage the business empire of her deceased ex-husband, Ivan Semwanga, who died last month. The decision was reached after a lengthy meeting at Ivan’s home in Uganda on Saturday which was attended by
Read MoreUganda's President Yoweri Museveni has warned that the whole country is facing procurement chaos because the process benefits those bent on making money and not the country. He said huge resources are wasted in claims of procurement. The President was on Friday commissioning multibillion Komatsu road construction and maintenance equipment from
Read MoreMore than 78,000 small Kenya Airways shareholders are set for a massive dilution of their stake in the ongoing restructuring that could leave them owning only about 6.7% of the national carrier from 43.7%. An analysis done by Genghis Capital, an investment bank, shows that based on Kenya Airways’ (KQ)
Read MoreTo support next year’s Shs29trn budget, Uganda Revenue Authority (URA) is expected to collect Shs15trn in tax revenue in the 2017/18 budget, up from 13.1trn in the previous budget. This was disclosed on Thursday afternoon by Finance Minister, Matia Kasaija at the Kampala Serena Conference Centre while presenting the 2017/18
Read MoreMatia Kasaija, Uganda’s Minister for Finance, Planning and Economic Development has for the first time revealed why Uganda’s economy is performing poorly. The minister insists that Uganda’s economy is not in recession but growing moderately. “The size of the economy this financial year is projected to rise to Shs90.5 trillion,
Read MoreThe revelations about the children fallen educationist, Lawrence Mukiibi left have drawn in Uganda's teachers' union. Uganda National Teacher's Union (UNATU) has condemned teachers and head teachers who prey on children left under their care. The UNATU Secretary General, James Tweheyo, says it is unethical and professionally wrong for teachers
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