Category: Business

Government projects uniform fuel prices by December

Government projects uniform fuel prices by December

Government has said it expects fuel prices to be uniform or have slight variances in about three months, a key discussion point since government took over as the sole importer and supplier of oil products. Responding to Monitor inquiries regarding the slow reduction in fuel costs among b

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KCCA labourers dance to the tune of Kisaka’s exit

KCCA labourers dance to the tune of Kisaka’s exit

Casual workers at Kampala Capital City Authority (KCCA) have welcomed the sacking of three top officials, accusing them of being behind their salary delays. KCCA Executive Director Dorothy Kisaka, her deputy, David Luyimbazi, and the Director of Public Health and Environment, Dr Daniel O

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NSSF savers to get 11.5% interest 

NSSF savers to get 11.5% interest 

Contributors to the National Social Security Fund (NSSF) will receive 11.5 percent interest they earned this year, Finance minister Matia Kasaija announced Thursday. "As per Section 36(2) of the NSSF Act (Cap 230), for the Financial Year 2023/24, I declare an interest rate of 11.5 percen

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Uganda Shilling Gains While Stanbic Rises, MTN Slips

Uganda Shilling Gains While Stanbic Rises, MTN Slips

The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv

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Kibuli Muslim Hospital Earns Praise for Exceptional Healthcare Services

Kibuli Muslim Hospital Earns Praise for Exceptional Healthcare Services

Kibuli Muslim Hospital has been recognized for its exceptional service to the Ugandan community. During a recent meeting with the hospital’s management team, John R. Musinguzi, the Commissioner General of the Uganda Revenue Authority (URA), commended the hospital’s dedication and sacrifices in s

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Civil Aviation Authority, UGAISOA Partner to Lead This Year’s Aviation Run

Civil Aviation Authority, UGAISOA Partner to Lead This Year’s Aviation Run

Uganda Civil Aviation ( UCAA) has announced a partnership with the Uganda Aeronautical Information Service Officers’ Association ( UGAISOA) to organise this year’s Aviation Run scheduled for October 20, 2024. The event will be organised at Entebbe Mayor’s Garden, and according to UCAA S

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Ankole Surgical Camp Surpasses 500 Operations in a Single Day

Ankole Surgical Camp Surpasses 500 Operations in a Single Day

More than 400 patients underwent successful surgeries on the first day of the Ankole Surgical Camp, according to Halson Kagure, Public Relations Officer at Mbarara Referral Hospital. The camp, which commenced on September 23, has attracted patients from across the region, with hundreds more a

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Non-performing loans drop but credit extension remains subdued 

Non-performing loans drop but credit extension remains subdued 

The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which

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Vision Group seeks Shs25b in new share sale 

Vision Group seeks Shs25b in new share sale 

Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the

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Ex-ULS president withdraws dismissal application in Shs4.1b theft case

Ex-ULS president withdraws dismissal application in Shs4.1b theft case

A senior lawyer and former Uganda Law Society (ULS) president accused of stealing over Shs4.1 billion meant for war loss compensation to Busoga Growers Cooperatives has withdrawn his applications that had sought to dismiss the charges against him. Mr John Matovu 62, of M/S Matovu & Matov

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