Uganda’s SGR nears commencement of Construction as China Exim Bank begins main Appraisal

Uganda’s SGR nears commencement of Construction as China Exim Bank begins main Appraisal

More dots of the Northern Corridor Infrastructure Projects protocol are being knotted, with Uganda seeking to close the financing negotiations with China, senior officials of the Standard Gauge Railway (SGR) here said. The latest information shows that Uganda is now finalizing pre-construction works of the rail network that is expected to link at least four […]

Co-op Bank will save Uganda the ’embarrassment of borrowing from China’

Co-op Bank will save Uganda the ’embarrassment of borrowing from China’

Civil Society organizations have joined the push for the revival of the defunct Uganda Cooperative Bank. The Bank, which provided low-interest loans to farmers through cooperative societies, was wound up in 1998 amid reports of fraud and poor credit policies which triggered its insolvency and inability to raise minimum capital requirements. Its closure implied that […]

MTN Mobile Money latest way to save with NSSF

MTN Mobile Money latest way to save with NSSF

Uganda’s market leader in digital financial services, MTN Uganda and the National Social Security Fund (NSSF) have today announced a partnership that enables payment of social security contributions using Mobile Money. The partnership enables NSSF members on the NSSF Voluntary Membership Plan as well as small and medium sized entities to conveniently make payments using […]

Equity Bank enticing Ugandans in UK to invest here

Equity Bank enticing Ugandans in UK to invest here

In its effort to increase trade and investment opportunities from various markets, Equity Bank Uganda will hold an investment forum in the UK targeted towards Ugandan and other East Africans on Friday, 15th of September. Converging at Grange Tower Bridge Hotel 45 Prescot St, London E1 8GP, UK from 6:00 pm, the bank’s Managing Director, […]

Declining fish stocks in L. Victoria; Local researchers, EPRC find solution

Declining fish stocks in L. Victoria; Local researchers, EPRC find solution

A new study has recommended floating cage fish farming to be promoted across Uganda’s lakes and rivers as an alternative to declining fish stocks. The study by Economic Policy Research Centre (EPRC) and National Fisheries Resources Research Institute says if properly utilised, cage fish farming could increase jobs in the fisheries sector as well as […]

Plascon go down to the market

Plascon go down to the market

It has been over a month since Japanese based paint company Kansai Plascon bought out Sadolin Paints and they have not gone to bed. Plascon experiential is going around the country sensitizing consumers and the public alike about the acquisition and the change of name. With this acquisition, all Sadolin products will now change name […]

Kenyan banker Yeda accused of masterminding fraud at EADB Kampala

Kenyan banker Yeda accused of masterminding fraud at EADB Kampala

Members of Uganda’s Parliament have been asked by a whistleblower to investigate Vivienne Yeda Apopo, a Kenyan banker and business attorney who is the current Director General of East African Development Bank over operating against the bank’s policy and guidelines. She is accused of inpunity and abuse of office before notorious MP Nandala Mafabi over exaggerated travel expenses […]

Direct Pay Online in Uganda gets certification

Direct Pay Online in Uganda gets certification

Direct Pay Online Group (DPO) has become the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 African countries. This comes after the successful completion of comprehensive audits in the Group’s global headquarters and all its other markets including Uganda, Kenya, […]

SIM card switch off guidelines issued by UCC

SIM card switch off guidelines issued by UCC

The deadline for switch off of unverified, unvalidated, unregistered sim cards remains midnight 30th August 2017 tonight, a last since the fateful May 19 deadline. While telecommunication companies MTN, Airtel, Vodafone, K2 and Africell, among others will enforce government’s directive to switch off users, Uganda Communications Commission has released guidelines. UCC executive director Godfrey Mutabazi […]