The Uganda Shilling held steady against the US dollar during the week ending 24th March 2017 as demand and supply remained balanced. The absence of strong corporate demand over the past few weeks provided an opportunity for Bank of Uganda (BoU) to purchase dollars for their reserve build up. Trading
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By Peter Abaanabasazi A bitter row involving Hoima District Local Government, Bunyoro Kitara Kingdom and the Church of Uganda has erupted over Shs7bn compensation to persons and institutions affected by the Kigumba–Masindi–Hoima–Kabwoya Road Project. The road in question is one of the many oil roads being upgraded and tarmacked ahead
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dfcu Bank has recorded Shs46.2bn net profit in 2016, up from Shs37bn in 2015, representing a growth of 25%. According to dfcu’s financial statements released on Tuesday, loans advanced to customers increased slightly to Shs842.4bn in 2016, up from Shs806.4bn in 2015. This slow growth in lending could be attributed
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The Tony Elumelu Foundation (TEF) has announced 1,000 African upcoming entrepreneurs who are set to receive seed capital worth US$10,000 (about Shs35m) each. These entrepreneurs are the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. In a March 22, 2017 statement sent to Business Focus, 74 Ugandan entrepreneurs
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United States of America (USA) domestice intelligence unit, the Federal Bureau of Investigations (FBI) is currently leading investigations into the murder of slain police spokesperson. We have established that officials from the sophisticated intel unit have already visited the scene to help ascertain who could be behind the gruesome murder
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Former Presidential candidate, Kizza Besigye has blamed 'overzealous' police officers for blocking him from attending slain Assistant Inspectoer General of Police, Andrew Felix Kaweesi's requiem mass. Besigye who was traveling in his personal car to the service at Lubaga Cathedral in Kampala was rurned away by police officers who did
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Uganda's Tax body, Uganda Revenue Authority (URA) has again come under the spotlight over allegations that it connived with a steel company to evade paying tax worth Shs1.2trn. As a resutl, the country's Deputy Speaker of Parliament has ordered an investiagtion over claims that URA allowed steel producers to by
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Ugandan President Yoweri Museveni has threatened to act if the country's police does not do enough to eliminate sloppiness. The president made this warning on Sunday during a visit to the bereaved family of fallen police spokesperson, Andrew Felix Kaweesi in Kulambiro, near the capital Kampala. "To the Police, there
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On the 15th March 2017, Stanbic Bank Uganda hosted the Africa- China Economic Forum in Kampala. The Forum which will be an annual event is aimed at bringing together Chinese business community and Ugandan companies doing business with china to discuss trade and investment opportunities between the bilateral trading
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Uganda's President, Yoweri Museveni has challenged Ugandans to take on a group of killers now infamous for using motorcycles to claim their victims. The president revealed this in a series of tweets on Friday evening as he mourned the death of the country's Assistant Inspector General of Police who was
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