Buvuma MP trashes Shs100b maize cash

Buvuma MP trashes Shs100b maize cash

The former chairperson of the Parliamentary Committee on Agriculture, Robert Migadde, has slammed a government proposal to place a Shs100 billion maize stabilization fund with commercial banks. The government last week resolved to disburse Shs 100 billion to middlemen to buy maize and stabilize prices that have dropped to Shs 200 a kilogram. While announcing […]

Ugandans in the diaspora to send money instantly

Ugandans in the diaspora to send money instantly

Bank of Africa Uganda has partnered with world’s leading digital money transfers service, WorldRemit to ease digital money transfers to Uganda. During a ceremony at Bank of Africa head office on Friday, in Kampala, officials revealed that Ugandans in the diaspora in over 50 countries can now send money instantly for easy collection as cash […]

BAT Uganda pays 40.4 billion taxes in first half of 2018

BAT Uganda pays 40.4 billion taxes in first half of 2018

Kampala, 26th July 2018 – British American Tobacco Uganda Limited posts a profit after tax of Ushs. 6.2 billion and pays Ushs 40.4 billion as tax to the Government as per its unaudited results for the six months to 30th June 2018. British American Tobacco Uganda Limited (‘BAT Uganda’) announced its unaudited results for the […]

NWSC opens new national head office

NWSC opens new national head office

State utility National Water and Sewerage Corporation (NWSC) officially opened the doors to its national head office at Plot 3 Nakasero Friday, having recently taken up residence in the new landmark building. The headquarters of Uganda’s most profitable state enterprise has always been at Plot 39 Jinja Road. On Friday, Prime Minister Ruhakana Rugunda commissioned the […]

Emmanuel Waiswa Opinion: Unlocking Local Philanthropy, Growing Local Giving

Emmanuel Waiswa Opinion: Unlocking Local Philanthropy, Growing Local Giving

Across the globe, numerous efforts towards poverty eradication continue to shape most of international and local discourse, writes Emmanuel Waiswa.  On the African continent, there have been a number of different efforts – by international organizations and national development agencies – to support the eradication of poverty and exclusion of rural poor communities.  Even after a […]

Govt begins ‘squeezing’ money lenders

Govt begins ‘squeezing’ money lenders

The government has started enforcing the Tier 4 Microfinance and Money Lenders Act of 2016, a revised regulatory framework for microcredit providers, non-deposit taking institutions and saving groups. The new law establishes stringent conditions for persons trading as money lenders in Uganda, who are now required to register as corporate entities before transacting business. The […]

Youth Livelihood Programme’s future is a no guess-game

Youth Livelihood Programme’s future is a no guess-game

Premised on contestable specifics, The Daily Monitor on Thursday 12th July, 2018 called for a review or disbandment of the Youth Livelihood Programme (YLP), writes Frank Mugabi. There was an attempt, probably because an Editorial should meet all credibility measures, to use statistics as evidence, unfortunately the figures were flawed. For example, to aver that […]

Uganda Clays Limited posts a 4.5% Growth from Shs 26n to 27.2bn

Uganda Clays Limited posts a 4.5% Growth from Shs 26n to 27.2bn

Kampala, 28th June, 2018: The Board of Directors Uganda Clays Limited is pleased to announce that the company again posted good results for a second year in a row thus enabling sustained shareholder value and a dividend pay off. The company posted a 4.5% growth in revenue during the year from Uganda Shillings 26bn in 2016 […]

Governor Mutebile backs innovation as Orient Bank marks 25th anniversary

Governor Mutebile backs innovation as Orient  Bank marks 25th anniversary

PICTURE: ORIENT Bank founder and Vice Chairman Ketan Morjaria at the 25th Anniversary at Kampala Serena Friday, June 22, 2018 – Orient Bank Uganda Limited has today  celebrated 25 years of banking excellence in Uganda by launching a  revolutionary mobile banking application FastPay. The mobile banking application launched by the Governor Bank of Uganda Emmanuel […]

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