Tullow Oil plc (Tullow) is pleased to announce that it has closed the refinance of US$3.5 billion of Reserves Based Lend (“RBL”) credit facilities. The arrangements are fully committed, secured and revolving credit facilities and replace the previous facility which was due to expire in 2015. The US$3.5 billion of credit facilities are split between […]
A section of MPs is accusing the appointments committee of reportedly going against its rules of procedure. This followed the approval of Aida Nantaba’s appointment as state minister for lands The mps including Alice Alaso, Odonga Otoo, Betty Nambooze and Isaia Sasaga said this was in contravention of a number of provisions in the rules […]
The permanent secretary of the ministry of Health Dr Asuman Lukwago has finally tabled the list of the people who have returned Gavi funds to the public accounts committee of parliament. Yesterday the officials from the ministry of health were thrown out of the committee after they presented contradicting documents regarding the matter. The list […]
Another person suspected have contracted the deadly marburg virus has died in Kabale district. If confirmed, this could bring the death toll to six since a fresh outbreak of the disease was announced on Friday last week. Health experts say the deceased was admitted at Rushoroza health centre three in Kabale district after he presented […]
A young couple moved into a new neighborhood. The next morning while they were eating breakfast, the young woman watched her neighbor hanging wash outside. “That laundry is not very clean,” she said. ”She doesn’t know how to wash correctly. Perhaps she needs better laundry soap.” Her husband looked on, but remained silent. Every time […]
A young couple moved into a new neighborhood. The next morning while they were eating breakfast, the young woman watched her neighbor hanging wash outside. “That laundry is not very clean,” she said. ”She doesn’t know how to wash correctly. Perhaps she needs better laundry soap.” Her husband looked on, but remained silent. Every time […]
Government has finalized a programme to offer credit to farmers for Agricultural inputs and Agro-processing in the country to enable the farmers to improve on their earnings. This was disclosed by the minister of finance Maria Kiwanuka after mps on the National Economy committee put her on task to explain why government has neglected farmers […]
The minister of education and sports Jessica Alupo has said that, the ministry has put plans to invest on skills to improve on the quality components of education. Addressing press at parliament, Alupo said that, the ministry is going to engage more of teaching training intuitions to produce highly skilled teachers to get quality education […]
Finance to pressurize commercial banks to treat the salary loans differently. Members of parliament say that salaries more especially for civil servants don’t change and therefore the interest rates and the period of payment for salary loans should not be changed. Samia Bugwe north Julius Maganda says salary earners took the loans long time but […]
The acting governor bank of Uganda Justine Bagenda has re echoed the central banks concerns over the slow response by some commercial banks in reducing their interest rates despite the decrease in Central Bank Rate. This was during the central banks officials interface with the members of parliament on the parliamentary committee on national economy […]