The parliamentary committee on trade and Industry is set to meet President Yoweri Museveni mid-this month to discuss matters regarding the Sugar Bill 2016. The committee chairperson, also Fort Portal Municipality MP, Alex Ruhunda, says that among other things to be discussed with the President on the 18th of December is to see how the […]
Opposition MPs have asked the foreign Affairs minister Sam kahamba Kutesa to explain to parliament the alleged bribe case on helping a Chinese energy company getting unlicensed oil blocks in Uganda. The matter was raised by the Member of Parliament for Ntungamo municipality Gerald karuhanga on the floor of parliament in the Tuesday session chaired […]
Three parliamentary committees are set to conduct a special session with bank of Uganda pushing for regulating the financial services telecommunication mobile money services. MPS concerns came from the bank of Uganda report that the telecommunication companies do not fully own the mobile money services. RELATED: Parliament takes over ownership of Chogm ground MPS noted that […]
The Auditor General has started carrying out an in-depth audit over the bankruptcy of defunct banks taken over bank of uganda. This came after the parliamentary committee on commissions, statutory Authorities and state enterprises told the Auditor general to interest its self in carrying out a special audit in the processes of defunct bank take […]
President Yoweri Museveni has called upon Ugandans to adapt commercial agriculture. Speaking at the commissioning of the FOL Rice Farm in Lamoki village, Anaka Sub- County, Nwoya district in Acholi Sub-Region yesterday, the President said that Ugandans needed to understand the difference between modern and local farming. READ: President Museveni Commiserates with landslide victims He observed […]
Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned. Government spending and foreign debt are too high and it needs structural reform, Zimbabwe mission chief Gene Leon said.The once-thriving economy is now seen as a regional basket case. “The economic situation […]
Facebook has announced its first tech space in Africa following in the footsteps of search giant Google who in July 2017 launched an ambitious initiative to train 10 million young people in online skills over five years. The new initiative is to cement Facebook commitment and investment in the country, and across the continent. The […]
The Bank of Uganda officials led by the deputy governor bank of Uganda Louis Kasekende were grilled before the parliamentary committee on commissions, statutory Authorities and state enterprises over hiring external lawyers to battle court cases which are against central bank. The committee chaired by the MP for Bugweri county Abdul Katuntu had summoned the […]
A South Africa-based financial services firm, Sanlam, which currently controls 2% of Uganda’s insurance business, has officially acquired Lion Assurance Company-Uganda. The chief Executive officer Sanlam -Uganda Gary Corbit says the deal is worth 6.5 million US dollars and is hoped will greatly increase insurance penetration which currently stands at less than 1% in Uganda. […]
The Operation Wealth Creation (OWC) a government program on commercialization of agriculture is to honor Kadongo Kamu artists in Uganda for promoting the sector through music. Addressing journalists at the media centre the deputy chief coordinator of Operation Wealth creation Lt Gen Charles Angina said a 100M shillings will be awarded to 25 artists in […]