Bank of Uganda (BoU) has indicated that at least 74 supervised financial institutions now have access to the National Identification and Registration Authority (NIRA) database. The access, which is part of the plan to enhance the Know Your Customer (KYC) strategy as mitigation against fr
You will be making 79 in November. With the benefit of hindsight, has Independence been worth it? Independence was a positive development that came at the right time. Colonialism was no longer viable. But, I am not sure whether we have successfully utilised Independence to the advantage
In a clash reminiscent of two neighbors vying to prove who is king of the hill, Uganda finds itself under the spotlight with everything to play for. As they host the group’s underdogs south Sudan on Friday at Namboole Stadium, there is no room for error and no second chances; it is a
Uganda People’s Congress (UPC) president, Jimmy Akena, has advised General Muhoozi Kainerugaba, the president’s son, to adopt a more diplomatic approach in handling diplomatic matters.Akena emphasized the impo
Busia District is abuzz with excitement as it prepares to host Uganda’s 62nd Independence Day celebrations on Wednesday, October 9, 2024. This is the first time the district will host a national event of this magnitude, marking a historic moment for the local community and Uganda at large. The eve
A Kampala banker, Joel Acidri Cadribo, has been remanded by the Standards, Utilities, and Wildlife Court after failing to produce the suspect he stood surety for. Cadribo, an employee at a city based bank, was arrested on 7 October 2024 and brought before the court for failing to fulfill his respons
President Yoweri Museveni has committed Shs2 billion to support the development of Muslim women’s Savings and Credit Cooperative Organizations (SACCOs) in Uganda. During the inaugural Muslim Women’s Conference, held at Old Kampala Secondary School grounds, Museveni promised to deliver Shs1 billi
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
Police in the Busoga Sub-region are investigating the cause of a fire that engulfed homes in the Namutumba and Bugiri districts on the morning of October 8, resulting in the deaths of seven family members. In Namutumba District, a fire consumed a grass-thatched house in Buyoboya-Kibale V
