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UPDF Recalls Lt.Col.Matsiko From URA

After Commissioner of Domestic Tax at Uganda Revenue Authority (URA), Dickson Kateshumbwa resigning on Friday, May 29. The latest information thecapitaltimes has established is that the Head of security at URA Lt.Col Ezekiel Matsiko is set to leave the tax organ back to UPDF for a refresher course. This comes after President Yoweri Kaguta Museveni…

Broke BoU To Borrow USD500M For Recapitalization

The President of Uganda Gen. Yoweri Kaguta Museveni has endorsed a request by the Ministry of Finance to borrow up to USD500M to recapitalize Bank of Uganda (BoU) and Uganda Development Bank (UDB), following the effects of Coronavirus (COVID-19) on Uganda’s economy. The money, according to credible sources, will come from the International Monetary Fund…

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