Budget deficit forces Uganda to borrow Shs 2.45 trillion from Banks

Budget deficit forces Uganda to borrow Shs 2.45 trillion from Banks

Government plans to borrow 600 million euros ($661 million) from international banks to plug a hole in its 2019/2020 budget after domestic revenue collections fell short by 9%, amid delays in implementation of some planned tax-generating measures. The move could heighten concerns about the growing debt pile which the International Monetary Fund has warned would […]

African Glamour and Elegance highlights the IMC Excellence Awards

African Glamour and Elegance highlights the IMC Excellence Awards

International Medical Centre inaugurated its first-ever excellence awards celebration with the intention to create excitement among its staff and also recognize them for an extra-ordinary job done in bringing quality service to the customers. The event was hosted by Val and Crystal, highlighted by great African fashion, amazing entertainment from staff, Jehovah Shalom Accapella and […]

Forum on Innovation in Infrastructure Receives Shs50 million Boost

Forum on Innovation in Infrastructure Receives Shs50 million Boost

Kampala, October 24th, 2019 – Partners and sponsors of Innovation Series a thought leadership forum by brainchild Burson Cohn & Wolfe (BCW) have today announced a Ugx 50 million sponsorship towards the firm’s fourth edition slated for 31st October at Golf Course Hotel, under the theme: Fast-tracking Infrastructure Project Completion Through Innovation. Sponsors for the […]

A new case of Ebola is confirmed in Kasese

A new case of Ebola is confirmed in Kasese

The Health ministry has confirmed a new Ebola case in Kasese district. A girl of nine who had travelled from the neighbouring Democratic Republic of Congo was found to have a fever during screening for Ebola at the Mpondwe border crossing. A blood sample that was sent for testing confirmed on Thursday evening that she […]

Uganda Airlines promises high quality service after inaugural flight

Uganda Airlines promises high quality service after inaugural flight

In limbo for 18 years, Uganda’s national airline has launched commercial operations with a flight to the Kenyan capital. Uganda Airlines’ inaugural flight to Nairobi on Tuesday carried mostly government and airline officials following a ceremony to re-launch the carrier that collapsed in 2001. Uganda Airlines owns two planes. Four more have been ordered, including […]

Justice Wangutusi rules on Sudhir two-year legal battle with BoU over Shs397b

Justice Wangutusi rules on Sudhir two-year legal battle with BoU over Shs397b

City tycoon, Sudhir Ruparelia, his heir Rajiv and their lawyers triumphantly walked out of the Commercial Court in Kampala, this morning after the dismissal of a multibillion commercial dispute that had been filed against them by Crane Bank in receivership. In his ruling, the head of the commercial court, David Wangutusi, observed that Crane Bank […]

Money launders beating official banking system; Sydney Asubo

Money launders beating official banking system; Sydney Asubo

The Financial Intelligence Authority (FIA) says it is encountering difficulty in tackling money laundering because launders are now opting for non-traceable transactions. The Authority recently announced that car dealers would be required to register with it, in a move to curb laundering in the business. In addition, the authority is targeting persons involved in trading […]

Gunmen riding on motorcycles kill mobile money attendant in Nakulabye

Gunmen riding on motorcycles kill mobile money attendant in Nakulabye

Police is investigating circumstances under which Juliet Nabaasa, a mobile money attendant in Nakulabye, a suburb of Kampala was shot dead. Nabaasa was reportedly shot dead at around 10pm on Friday, by unknown gunmen who intercepted her in Kayiwa Zone, along Balintuma Road in Rubaga Division. She was heading home aboard a motor vehicle registration […]

Two suspects sent to jail over role in BOU currency saga

Two suspects sent to jail over role in BOU currency saga

Two Bank of Uganda (BoU) officials, Francis Kakeeto, 36 and Fred Vito Wanyama, 42 are bankers have been arraigned before the Anticorruption Court and charged with corruption and abuse of office in connection with the ongoing currency saga, now remanded to Luzira Prison until June 25. The duo are employed as branch manager and assistant branch manager […]

1 2 3 39