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Business & Finance

Museveni to meet parliamentary committee on trade and Industry over Sugar Bill

Museveni to meet parliamentary committee on trade and Industry over Sugar Bill

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. Hon Alex Ruhunda, the committee chairperson...

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Mps want Kuteesa to explain $500,000 oil bribe

Mps want Kuteesa to explain $500,000  oil bribe

Hon. Sam Kutesa allegedly received the $500,000 bribe while he wascserving as president of the U.N. General Assembly Opposition MPs have asked the foreign Affairs minister Sam kahamba Kutesa to...

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MPs push for mobile money regulation

Age Limit committee in financial crisis

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...

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Auditor General starts in depth audit on BOU over defunct banks

Auditor General starts in depth audit on BOU over defunct banks

Auditor-General Edward Ouko 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...

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President calls for adaption of commercial agriculture

President calls for adaption of commercial agriculture

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...

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Zimbabwe’s economic situation very alarming – IMF

Zimbabwe’s economic situation very alarming – IMF

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...

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Facebook launches first community hub space in Africa

Facebook launches first community hub space in Africa

Emeka Afigbo, Platform Partnerships, Head of Middle East & Africa speaking at the Facebook launch. Facebook has announced its first tech space in Africa following in the footsteps of search...

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BOU officials grilled over hiring external lawyers to battle court cases

BOU officials grilled over hiring external lawyers to battle court cases

Bank of Uganda appearing before the committee The Bank of Uganda officials led by the deputy governor bank of Uganda Louis Kasekende were grilled before the parliamentary committee on commissions,...

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Sanlam buys off Lion Insurance Company

Sanlam buys off Lion Insurance Company

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...

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OWC to give 100m to Kadongo Kamu artists

OWC to give 100m to Kadongo Kamu artists

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...

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