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May 10 results
08:01
08:01

Court Orders Broke Jomayi Properties to Wind Up commercial bank

The order to wind up comes after NC Bank failed to recover 868,250,000 Shillings from Jomayi and petitioned the court to declare the company insolvent and unable to pay its debts.
14:12
14:12

UDB Named Among Most Creditworthy Financial Institutions Globally Human Rights 1

The IDR is given by the rating firm to a financial institution based on international lenders' opinion of its ability to pay. The Government Support Rating is equalized with Uganda's sovereign rating, reflecting Fitch's view of the authorities' high propensity to provide support.
08:30
08:30

DP Wants Rules of Procedure of Parliament Amended to Enforce Discipline Bank of Uganda 3

Under the multi-party dispensation, Dr. Gerald Siranda Blacks, the DP’s Secretary General argues that the Administration of Parliament Act and Rule 196 of the Rules of Procedure of Parliament allows parties to nominate members for designation by their respective Whips in the House but the same rules undermine powers to recall the nominees.
08:15
08:15

Gen. Elwelu Wants Wazalendo Sacco Leadership to Enhance Members' Incomes poverty 2

Elwelu stressed that the Sacco leadership must invest wisely and provide financial literacy training to members, enabling them to make purposeful investments with high returns.
10:01
10:01

30-Year Legacy in Ruins: Lungujja Progressive School Falls Victim to Loan-Property Sale Scandal state attorney 1 Top story

Founded by Sarah Nabuuma Nyanzi, the school commenced its journey with merely two pupils in a modest boys' quarter of her Lungujja residence in 1995. With determination, Nyanzi painstakingly built the school brick by brick.
12:43
12:43

Multiple Borrowing Forcing Ntungamo Teachers to Abandon Classes Johnson Muhinda 2

Johnson Muhinda, the Chairperson Ntungamo District Head Teacher’s Association, says the challenge is serious among some teachers who embark on ambitious projects, which leave them heavily indebted. The teachers are said to have alongside loans from commercial banks gone ahead to get more money from microfinance institutions and money lenders.
16:01
16:01

BoU Amendment Bill In the Offing Bank of Uganda 1 Top story

According to the Bank of Uganda act, the Central Bank Governor who is also the most senior officer in the bank also chairs the board of directors and deputized by the Deputy Governor. The other members are the Secretary to the Treasury and directors from different departments in the bank.
19:02
19:02

BOU Governor Warns Banks Against High Interest Rates commercial bank 2 1

Mutebile noted that the Central Bank is concerned that commercial banks have turned a deaf ear to lower the interest rate.
17:53
17:53

IGG's Letter to ISO Angers Speaker rebecca kadaga 1 8 Top story

Justice Mulygonjas letter hasnt gone down well the speaker of parliament, Rebecca Kadaga, saying it is intended to muzzle parliamentary investigations, steal the voice of the people, intimidate and blackmail parliament and its members in the performance of their constitutional mandate.
15:44
15:44

New Mobile Money Tax Bothers Agents excise duty act 3

Launched in 2009, mobile money services offered by telecom companies are now used by 19 million Ugandans across the country, to effect the movement of funds in their day to day business and private transactions. They use the service to send and receive money, make payments for utility bills, school fees, and airtime, among others.
May 10 results