If all the banks and other deposit-taking institutions regulated by the Central Bank collapsed today, the Deposit Protection Fund (DPF) would be able to pay 16.7 per cent of the protected deposits. The DPF is a government agency that provides deposit insurance to depositors in banks and deposit-taking microfinance institutions.
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Past winners of Rising Woman competitions pose for a photo with the partners dfcu Bank, in partnership with Monitor Publications Limited and Uganda Investment Authority, has today launched the fifth edition of the ‘Rising Woman’ – an initiative that aims to recognize, celebrate, and promote a culture of mentorship among
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Hoima farmer, Sayuni, tending cabbages. Photo by ActionAid Uganda Uganda’s small-scale business players especially farmers have largely failed to supply to the oil and gas companies, both the government agencies and private sector players have admitted. The farmers, who were targeted by the government campaigns supported by the civil society to
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The Sprinklers of the new Irrigation system at Kyamate South Ankole Diocese South Ankole Diocese has received a Sprinkler Irrigation System worth Shillings 786 million thanks to the Ministry of Water and Environment. The Sprinkler irrigation system sits on twenty acres of land. Rt. Rev. Nathan Ahimbisibwe, the Bishop South
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Gen Saleh speaking to participants The Chief Coordinator of Operation Wealth Creation (OWC) in Uganda Gen Caleb Akandwanaho alias Salim Saleh, has on Tuesday expressed dissatisfaction with the way farmers are sidelined, in reaping the benefits of the agricultural value chain. Gen Saleh expressed this discontent during the Uganda/Greater Ankole Investment
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Geofrey Balamaga, URA's Enforcement Operations Manager while addressing the press in Kampala on Tuesday. In an enforcement operation on February 18, 2022, Uganda Revenue Authority intercepted a truck registration number UAN 010L conveying 320 cartons of Chewing Tobacco Brand Miraj along the Gulu-Kampala highway. The truck driver Fred Tamale, was
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Minister of Tourism Tom Butime (Right) and Dicksons Kateshumbwa (Sheema Municipality MP) while appearing before the Trade and Tourism Committee Sheema Municipality MP, Dicksons Kateshumbwa aka Katesh has threatened to wage a legal battle against Uganda Wildlife Authority (UWA) over a fire that gutted his Shs7Bn lodge in Queen Elizabeth National Park.
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Gen Salim Saleh (Right) at the launch of the symposium Gen Salim Saleh has today (Tuesday) officially opened the Third Investment Symposium in Mbarara City. The symposium organised by Uganda Development Bank Limited (UDBL) in partnership with Operation Wealth Creation (OWC) in Mbarara City is running under the theme “The
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The Secretary to Treasury, Ramathan Ggoobi (pictured) has assured Ugandans that the prices of fuel and soap will stablise in the near future. However, he he didn’t explain plans government is undertaking to curb the crisis. Ggoobi’s remarks were in response to a concern raised by one citizen, Edens Matovu Kalanda who
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Telecom Masts/ courtesy photo Competition among service providers is to blame for the high cost of using the internet in Uganda. This is because the companies have continued to work independently in building infrastructure in the different parts of the country, instead of sharing equipment like cables and masts. This
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