Business •
13 Feb '25
The permanent secretary and secretary to the treasury Ramathan Ggoobi has interdicted the nine officials from the finance ministry under the Accountant General’s office.This follows an investigation in the minis
Business •
13 Feb '25
A massive scandal involving a Shs 1 trillion project has rocked the National Information Technology Authority of Uganda (NITA-U) as the World Bank uncovers significant corruption and mismanagement. The Uganda Digital Acceleration Project (UDAP), worth USD 200 million (about Shs 1 trillion), has b
Business •
04 Feb '25
As the first term of the 2025 academic year commences, parents should prepare for higher tuition fees for students admitted to Senior One in both leading government and private secondary schools.The cost of enroll
Business •
15 Nov '24
Lira, Uganda â Three hundred eighty-seven small-scale businesswomen from Lira City have benefited from a soft loan of 107 million shillings, disbursed by Hon. Betty Amongi Akena on Friday, November 15, 2024, at Senior Quarters, Lira City East Division.Jenifer Opio, a member of Hon. Betty Am
Business •
11 Nov '24
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.
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31 Oct '24
Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which indicates that Uganda’s domestic financial market has continued to remain stable. The appreciati
Business •
29 Oct '24
Makerere University students are up in arms over management’s failure to remit allowances for the past three months, leaving many without food and accommodation. More than 5,000 sponsored students are supposed to receive allowances. However, information from the country’s top institution
Business •
17 Oct '24
The Ministry of Finance has warned accounting officers to ensure that projects under their ministries, departments, and agencies are executed within set timelines, failure of which they will be held liable for cost delays. In details contained in the Performance of Externally Funded Proj
Business •
12 Oct '24
The Public Service Ministry has advised striking Makerere University staff to obtain the necessary qualifications if they want a pay raise.The Assistant Commissioner for Human Resource Management, Mr David Watulo,
Business •
11 Oct '24
The Growth Opportunities and Productivity for Women Enterprises (GROW) Project has disbursed Shs18.9b in loans to 1,193 women entrepreneurs across Uganda, Minister of Gender, Labour and Social Development, Ms Betty Amongi, announced. "The 83 per cent loans going to women in small busines