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 […]

HAPPENING: Meeting for UTL winding up on

HAPPENING: Meeting for UTL winding up on

A creditors meeting that will decide the fate of Uganda’s oldest telecom company – Uganda Telecom (UTL) is ongoing in Kampala. TheUgandan reported about the how top managers of UTL, CEO Mark Shoebridge,  board chair Stephen Kaboyo and Corporation Secretary David Nambale were recently sacked to pave way for investigations into the company operations. Evelyn […]

Intrigue cited as MTN temporarily switches off Africell calls

Intrigue cited as MTN temporarily switches off Africell calls

A new war is brewing between local telecommunications firms, MTN and Africell Uganda after the former  switched off connection with their rival. The incident happened on Tuesday an social media was awash with rants as desperate customers tried to question why they couldn’t connect from Africell to MTN numbers but MTN didn’t have a clear […]

Police arrests Nasser road traders in protest lack of electricity

Police arrests Nasser road traders in protest lack of electricity

Five traders from Nasser road have been arrested by Kampala Metropolitan South police commander Siraje Bakaleke, during an early morning strike over power outage. The development was confirmed by Kampala Metropolitan Police spokesperson Emilian Kayima. The Thursday morning strike was reportedly over electricity, which has not been on since morning and the whole of Wednesday. The […]

MPs attack Minister Bahati over rice

MPs attack Minister Bahati over rice

Members of Parliament have faulted government for waiving tax on the importation of unprocessed rice in an effort to avert the looming hunger in different parts of the country. In her communication to the house on Wednesday afternoon, the Speaker of Parliament Rebecca Kadaga noted that the Finance Ministry is waiving taxes for the said […]

Over 300 youth to graduate from Reach Out Mbuya, Barclays Bank skills trainings

Over 300 youth to graduate from Reach Out Mbuya, Barclays Bank skills trainings

On Thursday, 27th April and 4th May, more than 300 youth will graduate from skills-based vocational trainings led by Reach Out Mbuya Parish HIV/AIDS Initiative that aim to address the high youth unemployment in Uganda and provide HIV-infected or affected vulnerable youth with practical job skills. The first of this year’s graduation ceremonies, which will […]

Cash-strapped Nakumatt takes Shs1.75 billion loan ahead of massive sale

Cash-strapped Nakumatt takes Shs1.75 billion loan ahead of massive sale

After months of empty stalls at several Nakumatt outlets around sparked speculation over the future of the largest supermarket chain in Uganda, the retailers’ parent company in Kenya – Nakumatt Holdings has raised Ushs1.75 billion (about Kenyan Sh500 million) through a short- term loan. In October last year, Nakumatt Managing Director Atul Shah revealed that […]

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