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
Tea farmers across Uganda are facing a looming crisis, with several processing factories on the brink of closure. This is on account of the low prices of the crop, which has forced some of the tea farmers to uproot the trees in favour of the more lucrative coffee growing and other ventur
A single flooding incident at Isimba Hydropower Plant in August 2022, plunged Uganda into darkness. The incident, which resulted in the emergency shutdown of the 183MW Isimba, coincided with a periodic maintenance of some of the generational units at the 250MW B
U.S. Vice President Kamala Harris is pushing for a new debate next month as the November 5 election nears, while former President Donald Trump is declining, citing the start of early voting in some states. On Sunday, Harris urged Trump to accept a proposal to debate on CNN on October 2
The Embassy of Japan on Thursday gave Uganda a grant of more than Shs1.3 billion to strengthen her emergency and disaster prevention systems. The funding is being availed under the Grassroots Human Security Projects (GGP), a scheme administered by the Embassy of Japan to support commu
The new regulation demanding coffee farmers and exporters to prove that the commodity did not contribute to deforestation before being allowed access to the European Union (EU) market has suddenly sent the sector regulator into an overdrive mode, if not, a state of uncertainty, Prosper Magaz
Power Technology · tukio via Shutterstock.Uganda has become the latest country to join Africa’s solar revolution as Dubai-based renewables developer AMEA Power begins construction of the country’s 24MWp (megawatt peak) solar project.The $19m I
Minister Muruli Mukasa said the salary enhancements were being guided by a 2017 Cabinet decisionParliament has advised Cabinet to rethink salary enhancements for security forces saying the current arrangement is unfair to junior officers whose welfare is
Equity Group Chief Finance Officer Moses Nyabanda, Managing Director and CEO, Dr. James Mwangi and Chief Internal Auditor Beth Kithinji during the Q1 2024 Investor Briefing eve
