Government intends to borrow over Shs2 trillion to finance a budget shortfall realized a few months into the 2019/2020 financial year. In a domestic loan request presented to Parliament, Government indicated its plans to borrow up to Euro 300 million from each of two local banks: Stanbic Bank (U) Limited and Trade Development Bank. The…
Uganda National Roads Authority [UNRA] Tuesday temporarily re-opened the Kazinga Channel bridge to traffic after close to a month of closure. “Uganda National Roads Authority (UNRA) wishes to inform the general public that the bridge deck for Kazinga Channel Bridge on Ishaka—Katunguru—Kasese road has been temporarily fixed and opened to traffic,” the roads authority said.…
President Yoweri Museveni has invited 25 French companies to invest in Uganda, such that they can create employment for Ugandans on top of boosting the country’s economy. Some of the French Investors with officials from then Private Sector Foundation According to a statement issued by the French embassy in Uganda, a French business delegation of…
Embattled DFCU bank has chased away conflicted Lawyers of Ssebalu & Lule advocates from representing them in a case in which Meera Investments seeks to recover its properties which were fraudulently handed over to DFCUby the bank of Uganda. In a notice to High Court land division in Kampala, Ms Kalenge, Bwanika, Ssawa & Co…
President Yoweri Museveni has ordered Twebaze Bemanya to leave the office of Administrator of Uganda Telecom (UTL). The chief Executive officer of Ugandan government Gen.Museveni directed Minister Kahinda Otafiire to find a replacement for Bemanya immediately after the expiry of Bemanya’s tenure on November 20th, 2019. President Museveni issued the directive in a letter dated_November…
President Yoweri Museveni has asked tax authorities in Uganda to stop levying tax on subsistence economies as the people doing petty businesses merely eke for a living. “Someone is selling mangoes, roasting meat or gonja and the authorities want to tax them! Let these people earn some money and put it in their pockets. I…
National Water and Sewerage Corporation Managing Director Dr. Eng Silver Mugisha has been elected President of the African Water Association (AFWA). Dr. Silver was elected by the African Water Association executive board that sat today 15th November, 2019. He is the first Ugandan to hold the position. The African water Association (AFWA) is a professional…
By Aaron Asiimwe Kasese: Following a heavy downpour that damaged the Katunguru Bridge which connects Kasese and Rubirizi Districts, the Uganda National Roads Authority (Unra) has closed Katunguru Bridge to avoid accidents and loss of lives. In a statement issued yesterday, Unra said traffic, especially of buses and trucks, would be diverted to allow repairs…
September 17, 2019, on the side-lines of the 63rd IAEA General conference in Vienna the Governments of the Russian Federation and of the Republic of Uganda signed an intergovernmental agreement on cooperation in the peaceful uses of nuclear energy. On behalf of Russia, the document was signed by Nikolay Spassky, Deputy Director General – Director…
YY coach services following a spate of accidents in just a month have compelled them to first put their hands off as they try to find a solution to the unending causes of accidents on road by their drivers and buses. The company has 50 buses plying different routes in Eastern and Northern parts of…
