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Internal Affairs yet to investigate illegal diplomatic passport holders

Internal Affairs yet to investigate illegal diplomatic passport holders

The Ministry of Internal Affairs is yet to investigate how some Ugandans have acquired diplomatic passports, which are reserved exclusively for diplomats. Earlier this month, Mr Rugiirwa Katatumba, son of the late businessman Bonney Katatumba, was seen on social media flaunting an allege

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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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Egyptian warship delivers more weapons to Somalia

Egyptian warship delivers more weapons to Somalia

An Egyptian warship has delivered a second major cache of weaponry to Somalia including anti-aircraft guns and artillery, port and military officials said on Monday, in a move likely to stoke further friction between the two countries and Ethiopia.Ties between Egypt and Somalia have grown th

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Bobi Wine’s deputy dies at Mbarara hospital

Bobi Wine’s deputy dies at Mbarara hospital

The National Unity Platform (NUP) deputy president for Western Uganda, Jolly Kyomugasho Mugisha is dead, the party leadership has announced. "It’s with great sadness that I announce the passing of Hon. Jolly Mugisha, the National Unity Platform Deputy President for Western Uganda," t

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Government urged to put breaks on tax incentives to companies

Government urged to put breaks on tax incentives to companies

Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age

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UN mission won’t leave DRC in Dec

UN mission won’t leave DRC in Dec

The United Nations peacekeeping mission in the Democratic Republic of Congo, Monusco, will not exit the country by December 2024. UN Undersecretary-General for Peacekeeping Operations Jean-Pierre Lacroix, who visited the Congo this weekend, said that December 31, 2024, which was supposed

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Kinshasa puts Uganda House on notice over unpaid taxes

Kinshasa puts Uganda House on notice over unpaid taxes

The Anti-Fraud Brigade of Kinshasa City in the DR Congo have threatened to seize a commercial house, Uganda House, owned by the Uganda government in Kinshasa over non-payment of property tax arrears to the tune of $443,000. A source, who preferred anonymity because he has no authority to

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What next after Uganda fails to wake up and smell the coffee?

What next after Uganda fails to wake up and smell the coffee?

Ugandan coffee shipments are overflowing the European Union (EU) as traders scramble to get their hands on beans before the year-end implementation of new environmental regulations. Under the EU's Deforestation Regulation (EUDR), importers into the bloc will have to demonstrate that good

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Govt targets to triple tourism arrivals to 3.8 million in 10 years

Govt targets to triple tourism arrivals to 3.8 million in 10 years

Government, under the Tourism Policy for Uganda, will seek to more than triple annual tourism earnings in the next 10 years. The policy, which forms the bedrock of government’s legal instruments, strategies, and plans for developing the tourism sector, indicates that in the 10 years

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Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Income from telecom investments, bonds shore up NSSF assets to Shs22 trillion

Telecom investments have shored up NSSF’s income, strengthening the Fund’s assets. National Social Security Fund (NSSF)'s earnings in the year ended June increased by 15 percent, from Shs2.2 trillion to Shs2.53 trillion, due to a surge in interest, dividend, and real estate inc

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