Search Results

High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

Ultimate Uganda

SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives

SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives

Leaders from various Savings and Credit Cooperative Organizations (SACCOs) have commended Stanbic Bank for its commitment to empowering and skilling members of the SACCO community. The event held at Tuzza Hotel in Bushenyi brought together over 100 leaders from across the West Ankole Region,

Ultimate Uganda

Uganda Launches Nationwide Coffee Registration Exercise Amid Tight Deadline

Uganda Launches Nationwide Coffee Registration Exercise Amid Tight Deadline

KAMPALA, UGANDA – Government of Uganda through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) and Uganda Coffee Development Authority has officially launched a nationwide coffee registration exercise aimed at enhancing sustainability, impro

Ultimate Uganda

Does Kiira Motors need two years to turnaround?

Does Kiira Motors need two years to turnaround?

Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option

Ultimate Uganda

Red Cross Chief Urges Kisoro Members to Attract More Volunteers

Red Cross Chief Urges Kisoro Members to Attract More Volunteers

The Chairperson of the Uganda Red Cross Society, Rose Kabagenyi, who is also a candidate for Member of Parliament in the upcoming Kisoro District by-elections, has urged members and volunteers in the district to be exemplary in their communities to attract more people to join the organization.

Ultimate Uganda

Concern as Katakwi tops in GBV cases

Concern as Katakwi tops in GBV cases

District leaders in eastern Uganda’s Katakwi District have expressed concern over the rising prevalence of gender-based violence (GBV) among marrieds and teenagers. A recent study by the Center for Health, Human Rights, and Development (CEHURD) conducted in Teso and Karamoja sub-region

Ultimate Uganda

Vision Group's Shs25b share sale explained

Vision Group's Shs25b share sale explained

On September 24, Vision Group, which is listed on Uganda Securities Exchange as New Vision Publishing and Printing Company Limited, told each of its shareholders in a notice that it had reached an understanding with the government about an intervention to take on a new type of shares in addi

Ultimate Uganda

Namasagali alumni eulogise Father Grimes with theatre performances

Namasagali alumni eulogise Father Grimes with theatre performances

Namusa-Gali, was a phrase used to mean greeting the train when the railway had just been constructed. Then, a small town along the Nile in Kamuli was a railway station; it is believed that the phrase Namusa-gali was used to coin the town’s name, later known as Namasagali. This name, it is

Ultimate Uganda

Kiruhura introduces cow dung fees in major revenue hunt

Kiruhura introduces cow dung fees in major revenue hunt

Kiruhura District Chief Administrative Officer (CAO) Charles Nsubuga Kiberu has instructed all sub-county chiefs and town clerks to start collecting a cow dung loading fee “to boost local revenue collections.” In a September 23, 2024, circular, Nsubuga instructed the leaders to start

Ultimate Uganda

How Lugogo Cricket Oval and Serena revolutionized the showbiz scene

How Lugogo Cricket Oval and Serena revolutionized the showbiz scene

In 2022, Sheebah Karungi did the unthinkable, organised twin concerts at Kampala Serena’s Victoria Conference Hall. It was an ambitious move that could still show how much local music has come; for instance, there was a time when the biggest Ugandan concerts took place at Kyadondo Rugby Gr

Ultimate Uganda