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Apr 42 results
07:16
07:16

Gov't Programs Hit With UGX 3 Trillion Funding Gap government

In the first seven months of 2023/2024, government expenditure was 20.68 trillion, out of the 24 trillion that had been planned, with interest payments shooting by 47 billion beyond the budgeted.
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.
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.
10:26
10:26

Farmers Wants Agricultural Credit Facility Channeled Through Chamber of Commerce Bank of Uganda 5

Bernard Ogwang, the Manager Stanbic Bank in Northern Region explained that most farmers have failed to benefit from the funds because they do not have a clear flow to help in paying back the loans.
13:47
13:47

Women Still Lagging Despite Efforts Towards Popularizing Digital Finance- EPRC financial inclusion 1

Ibrahim Kasirye the Director of Research at the think tank said women still lack simple things like the National Identity Card which are vital for account opening or accessing digital financial services. He says many women also need permission from their spouses to open a bank account.
11:00
11:00

Sharia Advisory Council No Longer Required for Rolling Out Islamic Banking tax regimes 1 1

Kiryowa Kiwanuka, the Attorney General explained to the House that maintaining in the Financial Institutions Act a provision for the Shariah Advisory Council would complicate the Central Bank’s supervisory mandate over a product it has helped to create.
13:13
13:13

Tax Expert Cautions Parliament on Enactment of Islamic Banking Law Bank of Uganda 1 1

Cephas Birungyi, a Team Leader at Birungyi, Barata & Associates and a representative of the Uganda Law Society underscored the need for a cautious approach in implementing the proposed legislation on Islamic Banking.
17:51
17:51

Banks Coin Cheap Credit for Exporters as Pandemic-era Loan Arrears Bite Bank of Uganda 1 6 Top story

Goods manufactured in Uganda for export to the region include construction products like cement, steel bars, iron sheets, and paint, among others. Fast-moving consumer goods include scholastic materials, personal care products like cosmetics, textiles, foam products etc.
19:59
19:59

Twaweza Report Warns of Sharp Rise in Cost of Living food prices 2 1 Top story

According to the latest survey by Twaweza’s Sauti Za Wanainchi, market prices for staple foods have risen sharply approaching levels of 2017 when the East Africa region experienced food insecurity due to drought.
09:26
09:26

The Rise and Fall of Afriland: Did BOU Underrate the Bank's Challenges? Bank of Uganda

Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the market.
18:22
18:22

Vintage Car Owners Lobby Parliament to Preserve Original Plate Numbers Bank of Uganda 1

Speaking at the flag-off, the Uganda Vintage Car Club President, James Ayo, said that many of them have been forced to re-register their cars using the current registration and number plate series when changing ownership or acquiring vehicle insurance.
12:48
12:48

Gulu City Struggling to Clear UGX 3.8Bn Debt Ministry of Finance 1 4

Alfred Okwonga, the Gulu City Lord Mayor says that the unpaid bills accumulated over the last five months following the failure by the Ministry of Finance to remit the City operation funds within the specified periods.
16:42
16:42

Mutebile's Demise Does Not Affect Status of Banknotes- BOU Bank of Uganda 2

"The change of the office bearer or the demise of the person who signed banknotes as Governor does not in any way affect the validity or legal status of the banknotes he or she signed," a statement from the Bank reads.
14:41
14:41

Rotarian Mutebile; The Tough Economist with a Heart for Humanity Rotary 1

I have concluded that the metric by which God will assess my life isn’t shillings, but the individual people whose lives I’ve touched.
17:04
17:04

Former Deputy Governor Died Before Accessing Pension Bank of Uganda 1 1 Top story

According to Stephen Ochola, the Serere District LC V Chairperson, Elangot has been chasing for his pension in vain. He said that it was embarrassing for a civil servant at the rank of deputy governor to die pleading for pension yet he served the country diligently.
18:30
18:30

Bank of Uganda Forecasts Slower Growth Due to Second Covid 19 Wave 2 1

The BoU Executive Director for Research, Adam Mugume says that for now, the economic growth is expected to be slower by 0.5% unless the pandemic worsens in the short term.
07:37
07:37

Elderly Couple in Amuru Loses UGX 1.6m to Termites Bank of Uganda 3 2 Top story

Seventy-five-year-old Bicentina Alal and her 80-year-old husband Tito Okema, have been saving money in a metallic case for over three years. The couple lives with their six grandchildren in Kali-Kali Village in Rec Iceke Parish in Layima Sub County, which is about 50kilometers away from Gulu City Centre.
16:29
16:29

BOU, Bankers Association Defend Charges on School Fees Bank of Uganda

Dr Adam Mugume, the Executive Director for Research Bank of Uganda says that banks incur expenditures to offer services and there is a justification for users of these bank services to contribute to the running costs.
21:15
21:15

Uganda's Debt Hits 50 Percent of GDP As CSOs Call for Debt Cancellation SEATINI 4

Bank of Uganda’s Executive Director for Research, Dr Adam Mugume says if the 2021/2022 budget proposals are passed, the total outstanding debt of the country will rise to Shs86.9 trillion, which will be 52% of the GDP.
15:39
15:39

MPs Reject Proposal to Limit Term of BoU Deputy Governor Parliament 1 2

The legal Committee of Parliament has rejected a proposal to have the Deputy Governor Bank of Uganda (BoU) serve for a maximum two terms of 10 years while the Governor’s term is unlimited.
Apr 42 results