The Parliament of Uganda has passed the National Payment Systems Bill, 2019, that will among others regulate and provide for the safety and efficiency of payment systems and issuance of electronic money. The Bill presented to the House by State Minister for Finance, Hon. David Bahati on Thursday, 14th November 20l9 seeks to create a…
Two Belgium nationals (brothers) Alain Goetz and Sylvain Goetz who were recently found guilty by a court in Antwerp of money laundering, fraud and given 18-month suspended jail sentences, have hired the Uganda People’s Defence Forces (UPDF) commandos to guard them. According to our sources, the duo (owners of the Africa Gold Refinery) (AGR) located…
Panic has rocked Parliament as renowned Parliamentarian and Lawyer Hon. Paul Akamba an Independent legislator representing Busiki County, in Namutumba District wrote to the Speaker of Parliament Rt. Hon. Rebecca Kadaga disowning his own signature as a seconder of a motion that was to be moved on the floor of Parliament on Tuesday 26th May…
The Bank of Uganda Amendment Bill 2019 that is set to trim the Powers of the Governor and separating the fusion between the Bank of Uganda management from the board of directors has been confirmed ready. Notably, Parliament of Uganda has held the first reading of the constitution amendment 2020 meant to reduce powers of…
The Parliamentary committees of Finance, Gender and Labour have okayed mid-term access to NSSF Savings. The money is however for only those who have saved for more than 15yrs and are below the age of 45yrs. Those between 45 and 55 should have saved for over 10 years to benefit. This came a day after…
Having already contributed about Shs2B to the fight against COVID-19 in Uganda, telecom giant MTN Uganda has committed to further support the drive in a bid to enable Ugandans live a healthy life. MTN’s Hamwada hands over the food stuff to Uganda prisons officials. On the Extreme right is Dinah Martha Akirapa who spoke on behalf of…
A tenant at Mabirizi Plaza, who was evicted from her shop and her stock confiscated for failure to pay rent, has won a court case with damages of Shs125m with interest. Ms Sophie Nakitende sued Mabu Commodities Limited, a company that owns Mabirizi Plaza, after it evicted her and seized her stock for non-payment of…
Managers of the Covid-19 Response Fund have written to chief executives of companies in Uganda urging them to request their employees to donate at least Shs10,000 to the fund. “We are writing to make an appeal to chief executives of private sector organizations to join our efforts in mobilizing to raise funds for the much-needed…
Tension is rising at the Taveta-Holili border after Tanzania blocked Kenyan drivers from crossing into the neighboring country amid Covid-19 measures row. A Report by Citizen TV in Kenya on Sunday morning, showed that Tanzania blocked entry of Kenyan Cargo trucks at Taveta – Holili border causing heavy traffic as truck drivers remained stranded without…
In an unprecedented move, the Minister of Energy and Mineral Development has run a riot code onto the Permanent Secretaries of the Ministries of Local Government and Finance, sending them scuttling by sneaking to cabinet one of the most incoherent Statutory Instruments (SI) in the History of Government. This came as an utter shock to…
