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NRM’s CEC Calls For Amendment Of Constitution
The ruling NRM’s Central Executive Committee (CEC) recommended amendments in the constitution, regarding the administration of parliament. A glitch in the Supreme Law of the land was realized after the death of the speaker Jacob Oulanyah, that Article 82 grants more powers to the Speaker and that no business will be conducted in his/her absence.…
Dfcu Bank In Another Scandal As Staff Is Netted Withdrawing Money From Clients Accounts
Police have arrested Elizabeth Kyosimire, a worker at dfcu Bank, following reports that she had been involved in fraudulent transfer of funds from accounts of customers. Kampala Metropolitan Police deputy Spokesperson Luke Owoyesigyire confirmed the arrest and said the suspect was arrested on May 13 on charges of embezzlement of funds totalling to Shs28 million…
Parliament Passes Bill Regulating Mobile Money
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…
Uganda Coffee Exports Generates Record US$876.4 Million
Uganda’s coffee exports generated a record US$876.4million in revenues for the just concluded 2021/2022 coffee year that ended on September.30. This represents a 39% increase in revenues compared to the previous year despite a decline in export volumes. Latest statistics from the state-owned Uganda Coffee Development Authority (UCDA) shows that the East African nation exported…
