Stanbic Bank posted an impressive Shs259bn Profit After Tax in 2019, up from Shs215bn recorded in 2018. This represents an increment of 20%. Patrick Mweheire (pictured), who was the Chief Executive for both Stanbic Uganda Holdings and Stanbic Bank Uganda (SBU) for 2019, also saw loans advanced to customers increase
Read MoreNews
A new online marketplace, Suubula ( https://www.suubula.com/) has launched its website in Kampala, Uganda to facilitate trade of discounted products and services. Suubula.com will offer unlimited space to traders, farmers, entrepreneurs, ICT developers, manufacturers and real estate dealers to sell a wide range of products in different categories including Agricultural Produce,
Read MoreBy AFP The UN's health agency has faced criticism in the past for overreacting and for moving too slowly in fighting epidemics, but it has rarely faced as much scrutiny as with the coronavirus pandemic. The World Health Organization was deemed too alarmist when it faced the H1N1 epidemic in
Read MoreAfrica could fall into recession this year if multilateral lenders and investors don’t help the continent waive debt-servicing costs that could be used to halt the spread of the coronavirus, according to the United Nations. African finance ministers agreed last week that the continent needs a stimulus package of $100
Read MoreParliament will scrutinize the 2020/2021 budget in two weeks down from the two and half months prescribed under the Public Finance Management Act and the Budget Act due to the COVID-19 pandemic. According to the parliamentary budget approval process under the Public Finance Management Act and Rules and Procedures of
Read MoreThe Ministry of Health has confirmed five new cases of COVID-19 caused by the Coronavirus, bringing the total number to 14. This was revealed by the Director General Health Services, Dr Henry G. Mwebesa (pictured Centre) while addressing the media about COVID-19 situation in Uganda. He said the five new
Read MorePrince Charles, pictured on March 12 in London. Eamonn M. McCormack/WPA Pool/Getty Images Prince Charles, the Queen's son and the first in line to the British throne, has tested positive for coronavirus and is now self-isolating in Scotland. Here's the statement from Clarence House: “The Prince of Wales has tested positive for
Read MoreMakerere Retains Medical Students To Support ‘Overwhelmed Gov’t Team’ Fight COVID-19
Makerere University has retained medical students to supplement Government team fight the deadly COVID-19 caused by the coronavirus. It should be noted that recently President Museveni directed closure of schools including higher institutions of learning. “Management agreed to the request from the Ministry of Health to retain all Clinical postgraduate
Read MoreIn recognition of the current situation regarding the impact of COVID-19 on the businesses community and Uganda Revenue Authority (URA) services, it is essential that all Ugandans adhere to the Guidelines issued by President Yoweri Museveni and the Ministry of Health to prevent the spread of the Virus. To ensure
Read MoreFinance Ministry Questioned For Paying Ernst & Young Shs2bn To Re-Verify Traders Who Lost Billions In S. Sudan Civil War
Members of Parliament have questioned the Ministry of Finance for spending Shs2bn as payment to Ernst & Young to conduct another verification exercise to pay Ugandan traders who lost their goods in South Sudan crisis despite a recommendation from Parliament to pay up the money. Led by Speaker of Parliament,
Read More