World Bank forgives Uganda after corruption reduces, to hold Open Day

World Bank forgives Uganda after corruption reduces, to hold Open Day

The World Bank has lifted the suspension of new lending to Uganda after about 10 months. In August 2016, the Bank suspended lending to Uganda due to numerous reasons including failure to kick start projects in time, poor absorptive capacity, corruption, mismanagement of projects, inability to do feasibility, social and environmental studies as well as […]

France gives UEGCL €1.5 million for Okulacere and Agbinika power dams

France gives UEGCL €1.5 million for Okulacere and Agbinika power dams

With the Uganda Electricity Generation Company (UEGCL) on track for the completion of Isimba and Karuma dams — two of the country’s most ambitious energy projects expected to double the power output, Uganda has Friday signed an agreement worth €1.5 million (Ushs 6.5 billion) smaller for hydropower projects.with  France through the French Development Agency. The […]

Telecom giant could lose billions over switching off Africell calls

Telecom giant could lose billions over switching off Africell calls

MTN Uganda, MTN Group’s subsidiary here has reportedly been warned over unfair practices against other players, with a massive fine likely. An insider at the industry regulator, Uganda Communications Commission said the government body is pressing ahead with an unprecedented plan to fine MTN Uganda after last Tuesday’s unfortunate incident where MTN Uganda switched off Africell […]

SIM card registration case worthless, Judge rules

SIM card registration case worthless, Judge rules

An attempt by activists to stop Uganda Communications Commission-UCC from switching off the unregistered sim-cards is no more. High court judge Stephen Musota on Thursday, ruled that the interim application in which the petitioners were seeking to temporarily block UCC from continuing with the process had been overtaken by events. He, therefore, dismissed it with costs. The […]

Google, IFC invest in tech firm CSquared

Google, IFC invest in tech firm CSquared

Google, Convergence Partners, International Finance Corporation (“IFC”), and Mitsui & Co., Ltd. (“Mitsui”) have signed an agreement to invest in CSquared, a broadband infrastructure company focused on building wholesale metro fibre optic networks and enabling internet access in Africa. CSquared will operate as an independent company headquartered in Nairobi, Kenya with cumulative capital commitments of […]

New water tariffs announced by gov’t

New water tariffs announced by gov’t

Uganda’s urban poor will access clean water at a more affordable rate after the Ministry of Water proposed revised water tariffs. National Water and Sewerage Corporation boss Eng. Silver Mugisha told members of a parliamentary committee on natural resources during a recent tour of Ggaba 1 and 3 treatment plants that ‘.. government will make it […]

Jobless youth arrested selling three stolen cows

Jobless youth arrested selling three stolen cows

Authorities in Mitooma District are ready to prosecute three young men who were recently nabbed with stolen cattle. Pretazio Kasimiire, the Officer in Charge of Criminal Investigations Department Mitooma District, identified the suspects as Turyahabwe Bukye and another only identified as Masasi. Police are hunting for another suspect identified as Meshach Naturinda. “We found them […]

FINCA Uganda hits milestone

FINCA Uganda hits milestone

From a humble beginning in Jinja district in 1992, FINCA Uganda is this  year celebrating 25 years of existence under the category of microfinance deposit taking (MDI). The bank’s founders and staff will be a time of reminiscing the fondest memories of what started out as a village banking microfinance (a.k.a women’s NGO) 25 years ago […]

‘I will give you free Luwero land’, Museveni tells Saudis

‘I will give you free Luwero land’, Museveni tells Saudis

Outgoing Saudi Arabian ambassador, Dr. Jamal bin Abdulaziz Raffa, has been informed by President Yoweri Museveni that the government will support an investor to build a tea factory in Luwero District, State House said on Saturday. Part of the juicy deal involves State House signing off to the entrepreneur hectares of land for the tea […]

Road users to wait longer for ‘Shs1.6 trillion Entebbe Expressway’

Road users to wait longer for ‘Shs1.6 trillion Entebbe Expressway’

Completion of the 51km Kampala–Entebbe Expressway is to be delayed for another one year due to unresolved compensation issues. The four-lane toll highway was meant to be completed by November 2017. Following the tour of the project, Abbas Ali Mugisha, the civil environmental officer said they encountered a number of obstacles ranging from hard rocks […]

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