Business •
26 Sep '24
The now sacked deputy executive director of the Kampala Capital City Authority (KCCA), Mr David Luyimbazi, has denied claims that as top leaders they slept on the job and are to blame for the Kiteezi dumpsite disaster. Mr Luyimbazi, who President Museveni sacked alongside KCCA Executive
Business •
26 Sep '24
Contributors to the National Social Security Fund (NSSF) will receive 11.5 percent interest they earned this year, Finance minister Matia Kasaija announced Thursday. "As per Section 36(2) of the NSSF Act (Cap 230), for the Financial Year 2023/24, I declare an interest rate of 11.5 percen
Business •
26 Sep '24
The Uganda Tourism Association (UTA) has appointed Muhereza Kyamutetera as its new Chief Executive Officer, effective October 1, 2024. Kyamutetera’s appointment comes at a critical moment for Uganda’s tourism sector as it continues to recover from the significant disruptions caused by the COVID-
Business •
25 Sep '24
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
Business •
25 Sep '24
At least 30 decomposing bodies were found in a boat drifting around 70 km (38 nautical miles) off the coast of Senegal's capital Dakar, the military said on Monday. The navy was informed of the boat's presence on Sunday evening and a patrol boat was immediately deployed to the area, the
Business •
25 Sep '24
The United Nations High Commission for Refugees (UNHCR) Country Representative, Mr Matthew Crentsil, has expressed optimism that the refugee response in Uganda will be funded amid mounting concern of unprecedented shortfalls in funding. Mr Crentsil said while there was heightened apprehe
Business •
24 Sep '24
The blanket regulation by European Union (EU) compelling farmers to prove that they did not contribute to deforestation before growing the produce has a massive potential to disenfranchise the entire coffee sector value chain with the smallholder farmers—who are the majority producers, bea
Business •
23 Sep '24
Banks are steadily taking positions, establishing in-house collective investment schemes that have, for long, been traditionally a reserve of fund managers, the majority of which are insurance firms. The move creates a new dimension, in which assets under management - especially by ins
Business •
23 Sep '24
Uganda earned $1.35 billion (about Shs4.990 trillion), from coffee exports between September 2023- August 2024, which indicates that the country now gets more from the oversea market, according to the Uganda Coffee Development Authority (UCDA). The monthly UCDA coffee report for August r
Business •
23 Sep '24
Kampala socialite Nasser Nduhukire, aka Don Nasser has been remanded to Luzira Prison on charges of aggravated trafficking in children and defilement of a 16-year-old girl. The 38-year-old businessman and resident of Kito village, Kira Town Council, Wakiso District appeared at Buganda Road