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Some EFC, Mercantile depositors yet to pick their money, says DPF 

Some EFC, Mercantile depositors yet to pick their money, says DPF 

The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arrangements to enable the Fund to pay their protected deposit up to the limit of Shs10m.   Speaking during the Makere

Ultimate Uganda

Refugees, host communities fight over livestock

Refugees, host communities fight over livestock

In 60 days, Mr Peter Arape, the refugee welfare officer II for Agojo Refugee Settlement in Ciforo Sub-county, Adjumani District, mediated 14 conflicts between refugees and host communities. “The conflicts stem from cattle owned by refugees grazing on farmlands of the host communities n

Ultimate Uganda

Convenience and Safety Through Cashless Payments Uganda’s digital economy transition is accelerated by MTN MoMo’s innovative approach. By collaborating with platforms like School Pay, MTN MoMo has created a seamless payments marketplace where parents can pay school fees from ho

Ultimate Uganda

Uganda seeks funds to add 1,600 MW of hydro capacity, official says

Uganda seeks funds to add 1,600 MW of hydro capacity, official says

Uganda is seeking funds to build three hydropower plants that would add over 1,600 megawatts (MW) of capacity to help meet rising power demand, an energy official said on Wednesday. The East African country has identified three potential sites on the Nile river, the biggest of which is t

Ultimate Uganda

IGG recovers Shs2.3b in confiscated assets of thieving public officials

IGG recovers Shs2.3b in confiscated assets of thieving public officials

The Inspectorate of Government was able to recover Shs2.3b in confiscated assets of thieving public officials in the first half of the year, compared to the Shs15.7b marked for recovery. The revelation was made by the Inspectorate of Government, Ms Beti Kamya, while presenting the bi-ann

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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

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Busia leaders endorse creation of new district

Busia leaders endorse creation of new district

Thirty-five Busia District council members have passed a motion to create Lumino District. Busia District Speaker Charles Malowa Kudedi said the resolution came after 35 council members unanimously voted “yes” for the motion that seeks to carve Lumino District out of Busia District.

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Minister Katumba asks roadside vendors to vacate

Minister Katumba asks roadside vendors to vacate

The Minister of Works and Transport, Gen Edward Katumba Wamala, has warned roadside vendors about pedestrian walkways, urging them to vacate the areas to ensure smooth traffic flow.  He made this call during a monitoring exercise of the Najjanankumbi-Busaabala road works in Wakiso Distr

Ultimate Uganda

Digital transformation is a catalyst for business growth

Digital transformation is a catalyst for business growth

Last month, I had the pleasure of attending the MTN ICT Expo at Mestil Hotel in Kampala. This event was an incredible gathering of customers, experts, and thought leaders, all exploring how digital transformation is shaping various sectors like health, education, banking, ICT, and even the p

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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

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