The Bank of Uganda (BoU) has been making losses for most of the past 15 years and lawmakers in East Africa’s third-biggest economy are getting anxious about its ability to execute its mandate. BoU lost a total 2 trillion shillings ($545 million) during the period and only turned in a profit in 2007, when it…
The government of Rwanda has asked Uganda to deal with allegations of Ugandan hostile forces towards Rwanda, before the border at Gatuna/Katuna can be opened. This, according to a communication from the 4th Quadripartite Summit of Luanda, that took place on Friday, was the recommendation of the meeting. Presidents Museveni and Paul Kagame met on…
Uganda Police and Electoral commission has confirmed that one of the two men who attacked MPs yesterday afternoon during a plenary session, is a presidential aspirant. Charles Mutasa Kafeero, a member of a pressure group -the Red Top Brigade is one the 20 presidential aspirants who have been cleared by the Electoral Commission to embark…
Ugandan officials could have stashed away a whopping USD 73M (UGX267B) of the aid money from the World Bank between 1990 and 2009, a new research paper suggests. The controversial paper written by researchers from the Norwegian Business School, University of Copenhagen, and The World Bank observed that every time the institution released money to…
The Attorney General William Byaruhanga on Wednesday February 19, 2020 came under fire for failing to present a response on a raft of constitutional amendments proposed by the Opposition under the Constitutional (Amendment) Bill, 2019. Byaruhanga together with the Minister of Justice and Constitutional Affairs, Ephraim Kamuntu were expected to avail the Legal and Parliamentary…
Parliament of Uganda has fulfilled the UGX 114 million pledge it made to the Ghetto kids meant to cover a debt the youngsters have over a house they acquired but partly paid for. The pledge that was made by MPs last year, on December 19, 2019, on learning that the ghetto kids were on the…
The Horn of Africa is suffering the worst desert locust invasion in decades, devastating pastoralist and farming communities in Kenya, Ethiopia, Somalia, Djibouti, Eritrea, and Uganda. South Sudan and Tanzania now are on the UN “watch list”. For Kenya, it is the worst infestation in 70 years and the worst outbreak in 25 years for…
Rwanda has listed at least six Ugandan officials over allegations of supporting and funding Rwanda National Congress (RNC) and RUD-Urunana networks. These include: State Minister for Regional Affairs Philemon Mateke, Brig Gen Abel Kandiho of the Chieftaincy of Military Intelligence, Internal Security Organisation (ISO) chief Col Kaka Bagyenda, Second Division Deputy Commander Brig Fred Karara,…
The Speaker Of Parliament, Rt. Hon. Rebecca Kadaga has petitioned the Finance Minister Matia Kasaija to explain why the Ministry is keeping silent and taking long to appoint a new deputy Bank Of Uganda (BoU) Governor following the departure of Dr. Louis Kasekende. Furious Kadaga has called upon Mr. Kasaija to appear before Parliament on…
Lawmakers have appealed for evacuation of Ugandans especially students in China in the midst of the deadly coronavirus in Wuhan province. Hon. Latif Sebaggala (Indep., Kawempe North) raised a matter of national importance during a plenary sitting on 11 February 2020, saying that he has received messages from students who are concerned about their plight.…
