Bank of Uganda has approved an international mobile money operator, which will enable Ugandans to access mobile money services from their relatives abroad. According to local news agency, URN, TerraPay, a global clearing and settlement service will be allowed to interconnect mobile account holders and mobile telephone operators to facilitate
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Kenyan police beefed up security on Friday ahead of an expected announcement that President Uhuru Kenyatta has won re-election, despite allegations by opposition leader Raila Odinga of vote-rigging. Opposition leaders repeated their claims of fraud but mainly appealed to supporters to remain calm. Kenya-based diplomats called for patience, and said
Read MoreA Rwandan refugee has been kidnapped by unknown people in Uganda, the victim's wife and Ugandan officials said Thursday. Rene Rutagungira was known to refugee officials before his abduction in the capital, Kampala, said Apollo Kazungu, a government commissioner in charge of refugees. Rutagungira had been out drinking with three Rwandan
Read MoreTroubled retail chain Nakumatt has secured a court order barring the owners of the mall that hosts its Nakumatt Mega store on Uhuru Highway in Nairobi from attaching its assets to recover KSh23 million (UShs798m) in rent arrears. The Daily Nation reports that Lady Justice Olga Sewe yesterday issued the
Read MoreThe Speaker of Parliament of Uganda, Rebecca Kadaga has urged African legislators and the continent’s leaders to rank matters of youth high on their agenda. She said that in a world of adult concerns, young people are often overlooked and this affects the youth as well as economies and societies
Read MoreThe Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 10% on account of low inflation levels and a boost in economic activity. Annual headline inflation declined to 5.7% in July 2017, down from 6.4% in June 2017 due to
Read MoreThe Uganda Shilling held firm against the US dollar supported by tepid demand from market players during the week ending 11th August 2017. Most traders remained short on dollars while keeping an eye on political developments in Kenya and also looking out for a signal from the policy meeting that was
Read MoreThe Ministry of Energy and Mineral Development Thursday commissioned forty-six houses located in Kyakaboga Parish, Buseruka Subcounty Hoima District to the eligible households, who opted for resettlement during the land acquisition process for the refinery and other petroleum infrastructure in Kabaale Parish, Buseruka Subcounty Hoima District. While presiding over the
Read MoreFour Kampala Capital City Authority-KCCA Law Enforcement Officers picked up in connection with the death of Oliver Basemera, a hawker, have appeared in court. The four appeared on Thursday afternoon before Lillian Bucyana, the Nakawa Chief Magistrate on charges of manslaughter contrary to section 187 and 190 of the Penal
Read MoreTotal and CNOOC Limited have confirmed their support for the 3rd Uganda International Oil & Gas Summit (UIOGS) 2017, partnering as lead sponsors and co-hosts to the event when it returns 27-28th September at the Hotel Serena, Kampala. Hosted in 2016 by President Yoweri K Museveni alongside Minister of Energy
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