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
At least 78 people drowned when a boat carrying 278 passengers capsized in Lake Kivu in eastern Democratic Republic of Congo on Thursday, a provincial governor said. Relatives sobbed on shore as victims were placed in body bags and carried away, a Reuters witness said, and video footag
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
Uganda on Monday received the first batch of coated line pipes for the East African Crude Oil Pipeline, which was delivered to the main camp and pipe yard in Kyotera District, signalling the project developers’ intent to fast track the laying and construction of the cross-border pipeline i
Civil society organisations have asked government to focus its resources on operationalisition of the different industrial parks spread across the country by investing in critical infrastructure such as electricity, water, roads and ICT infrastructure to drive industrialisation, job creation
Government has said it expects fuel prices to be uniform or have slight variances in about three months, a key discussion point since government took over as the sole importer and supplier of oil products. Responding to Monitor inquiries regarding the slow reduction in fuel costs among b
A summary report of the Inspector General of Government (IGG) Beti Kamya shows that Ms Dorothy Kisaka, the sacked executive director of the Kampala Capital City Authority (KCCA), was fired by President Museveni for mainly four reasons. According to the summary report that this publicatio
Kibuli Muslim Hospital has been recognized for its exceptional service to the Ugandan community. During a recent meeting with the hospital’s management team, John R. Musinguzi, the Commissioner General of the Uganda Revenue Authority (URA), commended the hospital’s dedication and sacrifices in s
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
The Kiteezi landfill tragedy is a few days shy of a two-months anniversary. The grief is still too raw for survivors and bereaved families. The gut-wrenching calamity befell residents of Kiteezi in Wakiso District on August 10, claiming the lives of more than 35 people and destroying pro
