Finance minister, Matia Kasaijja(L) officially commissions Uganda National Oil company (UNOC) operations. The Finance and Energy Ministries have taken over the management of the Jinja fuel storage terminal. The terminal that has been managed under a Joint Venture Partnership between One Petroleum Limited (OPL) consortium and Uganda National Oil Company Limited (UNOC)
Read MoreNews
Makerere students at Freedom Square A section of lawmakers have questioned the relevance of government scholarships in public universities, after discovering that Government has only been remitting tuition fees for the first year students, abdicating this role to private students. This followed a call made by Cuthbert Abigaba, Vice Chairperson
Read MoreMany schools were hit by COVID-19 Government through the Ministry of Education and Sports is seeking Shs34bn to extend grant to 620 schools that have applied to Government for takeover after failing to recover from the effects of the Covid-19 pandemic that saw closure of education institutions for about two years.
Read MoreKenyan President William Ruto has backed the transformation of a known cyber crime hub into an innovation hub. Hackers operating in Mulot trading centre, located in the Rift Valley, are believed to be behind illegal transfers and withdrawals of huge amounts from bank accounts, according to local media reports. They
Read MoreYinager Dessie was appointed as Ethiopia's central bank governor in 2018 The head of Ethiopia’s central bank has been replaced as the country continues to grapple with high inflation rates. Yinager Dessie was appointed as governor of the National Bank of Ethiopia (NBE) in 2018 shortly after Prime Minister Abiy
Read MoreBags of Charcoal parked at a collection point adjacent to the Nimule Juba Highway in Pabbo Sub-county Amuru district. Leaders in Gulu District have tasked the government to extend the ban on the issuance of documents facilitating the commercial production, trade, and movement of charcoal to all districts in the
Read MoreHenry Musasizi, the State Minister of Finance in charge of General Duties The Government has triggered stringent amendments to repeal the current Foreign Exchange Act of 2004 to streamline governance and eliminate financial sector barriers. The Foreign Exchange Amendment Bill, 2022 seeks to provide for the enhancement of the minimum
Read MoreAfrican Development Bank Group President Dr. Akinwumi Adesina Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%,
Read MoreMurder suspect arrested with the help of K9/Police photo The Uganda Police Force is seeking Shs4.968bn for the procurement of 750 sniffer dogs to expand the Force’s canine unit in order to fight crime in the country. Documents tabled by Police before Parliament indicate that in the 2023/2024 National Budget Framework
Read MoreAuditor General John Muwanga. The government lost 33 billion Shillings in payroll irregularities in the last financial year 2021/2022. Part of the money was paid to ineligible teachers, overpaid in salaries and pension, and in some other instances, paid to retired, transferred, dead, or staff who absconded. This was revealed
Read More