Uganda and the United States of America have committed themselves to step up military cooperation in order to safeguard peace and stability in the region. This commitment was underscored during a meeting between Gen David Muhoozi, the UPDF Chief of Defence Forces (CDF) and Gen Thomas D. Walderhauser, Commander of
Read More
Kyadondo East lawmaker, Robert Kyagulanyi aka Bobi Wine has been arrested while leading a procession to parliament over the social media and mobile money taxes. A cross section of artists and journalists took part procession on Wednesday morning called by Bobi Wine to protest the new taxes at the city
Read More
Bank of Uganda (BoU) has warned that six banks that made losses in 2017 ‘risk facing liquidity issues’, a thing that might affect their growth. This revelation is contained in BoU’s Annual Supervision Report for 2017 released by Governor Prof. Emmanuel Tumusiime-Mutebile recently. “Six banks, with a combined 4.7 percent
Read More
A section of parents of Chalbi Boys High School students have sided with their children, saying they will not allow police to arrest them after they beat up non-local teachers at the school last week, reports the Daily Nation. During a meeting on Monday that was attended by parents, school
Read More
The number of registered Mobile Money (MM) customers across the networks increased by 8.4 percent, from 21.6 million as at December 2016 to 23.4 million as at December 2017, the Bank of Uganda (BoU) Annual Supervision Report for 2017 released recently has revealed. The report obtained by Business Focus indicates
Read More
By Peter Abaanabasazi Hoima Unanswered questions are lingering in minds of livestock farmers in Hoima district about who is behind the escalating cases of cattle theft in the area. According to the farmers, robberies of livestock especially cows, goats and sheep which started with negligible cases have turned into serious
Read More
At least 12 fishermen have died and a dozen more are missing after deadly clashes on Lake Edward, which is shared by Uganda and the Democratic Republic of Congo, the AFP news agency quotes a Congolese official as saying. Muhindo Kyakwa, a senior official in the province of North Kivu,
Read More
The World Bank has appointed Hafez Ghanem the new World Bank vice president for Africa effective July 1. He succeeds Makhtar Diop, who has been appointed the World Bank’s vice president for infrastructure. A development expert with over 30 years of experience, Mr Ghanem will lead an active regional portfolio
Read More
In a landmark ruling on Friday July 6, 2018, the Federal High Court in Abuja, Nigeria directed the immediate release of two properties located in the United Kingdom belonging to African Billionaire businessman and CEO of the Aiteo Group, Benedict Peters that had been the subject of an Interim Forfeiture
Read More
Students have torched seven boarding schools in Kenya in the last week in protest against the introduction of tough new measures to prevent cheating in examinations due in three months, education minister Amina Mohammed has said, at a press conference. At one school, students demanded an undertaking from the principal
Read More