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BoU closes EFC Uganda Limited

BoU closes EFC Uganda Limited

Bank of Uganda (BoU) has placed EFC Uganda Limited, a microfinance deposit-taking institution, under liquidation, revoked its license, and ordered for the winding up of its affairs in the country.According to Michael Atingi-Ego, the deputy Bank of Uganda governor, the decision to close EFC

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Uganda Rugby Union Suspends Lekuru Amidst Team Controversy

Uganda Rugby Union Suspends Lekuru Amidst Team Controversy

Emily Lekuru, a prominent player in the Uganda Lady Cranes, finds herself suspended by the Uganda Rugby Union (URU) in a case entangled with conflicting claims and accusations. The controversy began when Lekuru, initially named in the 12-player traveling team for the World Rugby Challenger Series

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Foreign Affairs Ministry Seeks 6 Billion Shillings for NAM and G77+China Post Summit Activities

Foreign Affairs Ministry Seeks 6 Billion Shillings for NAM and G77+China Post Summit Activities

The House Committee on Foreign Affairs has recommended allocating Shs4 billion and Shs2 billion in the National Budget Framework Paper for the Ministry of Foreign Affairs, specifically catering to post-summit activities related to the Non-Aligned Movement (NAM) and G77+China for the next three ye

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MPs Question Viability of Increased Budget for Uganda Airlines

MPs Question Viability of Increased Budget for Uganda Airlines

Members of the Budget Committee in Parliament are seeking detailed justification from the government regarding the proposed increase in the budget allocation for Uganda National Airlines in the upcoming 2024/2025 financial year. The request follows concerns raised during a presentation by Hon. To

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Government Seeks 79 Billion Shillings for Merging Agencies

Government Seeks 79 Billion Shillings for Merging Agencies

The Committee on Public Service and Local Government, led by Hon. Martin Ojara Mapenduzi, has put forth a recommendation for the allocation of Shs79.3 billion in the Financial Year 2024/25 to facilitate the merging of government agencies. This proposal emanates from the Ministry of Public Service

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