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‘Understanding Covid-19 Hardship’-UMEME, ERA Cut Tariffs For Commercial Customers

Uganda’s leading power distributor has announced that Commercial and medium customers will starting January enjoy a slightly reduced power tariff after Electricity Regulatory Authority (ERA) cut the cost while maintaining prices for other customer categories three times in a row. The base end user tariffs valid for the first three months of 2021 are indicating…

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Court Orders Attorney General to File His Response in the Matter Against the Appointment of BoU’s Twinemanzi

The High Court has ordered the Attorney General to file his response in the matter where a renowned Journalist Mukose Arnold Anthony is challenging the appointment of Dr. Tumubweine Twinemanzi the Director of Supervision in the Bank of Uganda. The order follows respondent’s failure to file their response to preliminary objections they raised. According to…

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…

Uganda ,Russia sign Nuclear Energy Deal

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…

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