As we are heading to 2020, all eyes and focus return to the looming shakeup at the central bank in the new year with the contract of Dr. Louis Kasekende the Deputy Governor is left with only two weeks to end. Dr. Kasekende has for long been touted to replace aging Governor Prof. Emmanuel Tumusiime…
Operatives from the Uganda National Bureau of Standards (UNBS) conducted a CHRISTMAS OPERATION, during which they busted Bonjour Supermarket at Total fuel station, opposite Corner House in Ntinda, which was found storing rotten meat in the same deep freezer with ice cream. The raid, which was conducted following complaints from concerned shoppers, ended with both…
The government of Iran has revealed plans to start manufacturing tractors in Uganda. The Iranian Ambassador to Uganda, H.E Seyed Morteza Mortazavi, told the Speaker of Parliament, Rebecca Kadaga, that a team of Iranian manufacturers had visited different stakeholders in Uganda earlier this year, and was moved by the potential the country possesses in the…
President Yoweri Kaguta Museveni on Thursday commissioned 9 factories operating in the Namunkekera Industrial park, in Kapeeka, Nakaseke district. The factories, which produce various assorted products and have created lots of employment opportunities for people in Kapeka, Nakaseke district, Luweero Triangle. President Museveni poses with some of the investors and security minister Elly Tumwine (2ndR)…
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…
