Rwanda's President Paul Kagame The Executive Board of the International Monetary Fund (IMF) Thursday approved the disbursement of US$109.4 million (Shs416.29bn) to be drawn under the Rapid Credit Facility (RCF). This will serve to meet Rwanda’s urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic. The
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The Uganda Communication Commission (UCC) has temporarily lifted the ban on the use of public address systems as part of fight against the spread of Coronovirus in Uganda. UCC announced the shift in regulations through a press statement noting that the decision to lift the ban follows the outbreak of
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Prime Minister Ruhakana Rugunda (pictured) has told Parliament that utility companies will still charge for services, except that service providers should exercise restraint in and consider grace periods for defaulters. Rugunda was clarifying on several questions raised by MPs and said utility companies should continue to be able to provide
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President Yoweri Museveni will on Friday address the nation and give an update on the country's response to COVID-19. It will be Museveni's third address in a week and sixth since the coronavirus outbreak. The address will happen at 8pm. On Monday, Museveni announced a total lock down, banning the
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The Bank of Uganda is expected to issue the Monetary Policy Statement for the month of April tomorrow 3rd 2020. In February 2020, the Central Bank kept the Central Bank Rate (CBR), a key lending rate for commercial banks, unchanged at 9%. According to Stephen Kaboyo (pictured), an analyst and
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Parliament has stopped the distribution of relief food that was set to start on Saturday, 4, April, to 1.5m vulnerable people in Wakiso and Kampala. Yesterday Prime Minister Ruhakana Rugunda announced that the relief food would be distributed at LC1 level with each person getting 6kgs of maize flour, 3kgs
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After 25 years of work as a top tier tax administrator, Doris Akol Thursday officially handed over the office of the Uganda Revenue Authority (URA) Commissioner General she has held for the last five years to John Rujoki Musinguzi. Speaking at the handover ceremony which took place in the Office
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Kenya will receive $50m (UShs189.5bn) from the World Bank to fund efforts intended to prevent the spread of coronavirus. Health Minister Mutahi Kagwe has said the amount will be used to procure protective gear for health workers, hand sanitisers as well as increasing bed capacity in hospitals. Health workers have
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Uganda Christian University (UCU) could land into trouble after it defied the presidential directive on closing all institutions of learning to help control the spread of Coronovirus in Uganda. This is after Kilak North MP, Gilbert Olanya raised concern during yesterday’s plenary sitting, noting that UCU Management is asking students to
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By AFP A six-week-old baby died of Covid-19 and global agencies warned of food shortages as coronavirus infections around the world neared one million Wednesday. Governments expanded lockdowns to affect about half of the planet, with funeral parties banned in the Democratic Republic of Congo, New York locking up its
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