Parliament has increased the minimum paid up cash capital requirements of Microfinance Deposit-taking Institutions (MDIs) from 25,000 currency points (Shs500M) to 250,000 currency points (Shs5Bn), which is half the value the Ministry of Finance had proposed of 500,000 currency points (Shs10Bn). The decision followed a report by Amos Kankunda, Chairperson
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The Uganda National Bureau of Standards (UNBS) has been awarded by the USAID-Advancing Nutrition program Uganda, for its outstanding contribution in advancing nutrition and promoting large-scale food fortification in the country. This was during an event organised by USAID in Kampala, themed; ‘Dissemination of Learning in the Reduction of Micronutrient
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Planes at Entebbe Airport Entebbe International Airport recorded 185,253 international passengers in July 2023, Uganda Civil Aviation Authority (UCAA) has said. According to Vianney M. Luggya, the UCAA Spokesman, this comprised 93,727 arrivals and 91,526 departures. With an average of 5,975 passengers per day in July, UCAA says this is the highest
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Mrs. Mona Muguma Ssebuliba Stanbic Uganda Holdings Limited has appointed Mr. Yinka Sanni and Mrs. Mona Muguma Ssebuliba to fill causal vacancies as Non-Executive Directors. Mr. Sanni is the Standard Bank Group’s Chief Executive for Africa Regions. Prior to his current position, he was the Regional Chief Executive for the West Region
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Uganda Clays Limited has issued a profit warning, revealing that it made a loss for the half-year January – June 2023, according to the Company’s unaudited financial statements. “The loss position is mainly due to a shortage of products that was occasioned by machinery breakdowns. This was exacerbated by the unfavorable
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Emmanuel Njuki (R) -the Nile Breweries Limited (NBL), head of legal and corporate affairs and Nelson Nshangabasheija (C) the LC5 chairman of Kabale District hand over farming equipment to one of the barley farmers in the district. NBL empowered over 1000 barley farmers in Kabale and Rubanda Districts with financial
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Justice and Constitutional Affairs Minister Nobert Mao has whipped the Acholi community to be united, as they position themselves for the transition. Mao said the transition had three phases which will start with building national consensus and understanding before ushering in a new Uganda after 2026. He said the next
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Health experts have called for intensified awareness and efforts to eliminate disease-carrying mosquitoes in Uganda, stating that the parasites have evolved threatening the effectiveness of the existing malaria tools. The experts’ assertion came ahead of World Mosquito Day, a global commemoration observed on August 20, annually to honour the discovery
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The Bank of Uganda is due to launch new measures to enhance the security of online and mobile transactions as the financial technology industry grows. The financial sector is enjoying much faster growth than in years prior to the last decade boosted by digital innovations, with, for example, the number
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The Minister of Gender, Labour, and Social Development has appointed Patrick Ayota as the substantial Managing Director of the National Social Security Fund (NSSF). In a statement on Friday, the Fund said Ayota's appointment is in line with Sections 39 and 40 of the National Social Security Fund (NSSF) Act,
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