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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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Tanzanian-made aircraft begin operations

Tanzanian-made aircraft begin operations

The first three aircraft manufactured in Tanzania, known as the Skyleader 600, have officially begun operations both domestically and beyond. This significant milestone was announced by the Director of Airplanes Africa Limited (AAL), Mr David Grolig, following the arrival of the first Sk

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	Major Headache for Museveni as MPs Reveal How UGX 20 Billion Was Lost in His UPDF Food Project

Major Headache for Museveni as MPs Reveal How UGX 20 Billion Was Lost in His UPDF Food Project

MPs were left in shock after learning that the Uganda People’s Defence Forces (UPDF) mismanaged Shs29.8 billion allocated in August 2022 for a food production initiative aimed at addressing food insecurity caused by the COVID-19 pandemic and the Russia-Ukraine

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Among, Tayebwa accused of  bias as bill to elect LoP is tabled

Among, Tayebwa accused of  bias as bill to elect LoP is tabled

A section of legislators have accused the Speaker of  Parliament Anita Among and her deputy, Thomas Tayebwa, of being biased in the selection of matters handled by Parliament. Concerns arose following the tabling of the Administration of Parliament Amendment Bill, 2024, by Mityana

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JB Omara, ANT Coordinator in Oyam, Urges Gov’t for Alternative Footpath Across Karuma Bridge

JB Omara, ANT Coordinator in Oyam, Urges Gov’t for Alternative Footpath Across Karuma Bridge

J.B. Omara, the Acting Coordinator for the Alliance for National Transformation Political Party (ANT) in Oyam district, has urged the government to establish an alternative footpath across Karuma Bridge. He said this would facilitate easier access and alleviate the challenges faced by passeng

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Who holds the largest share of govt's domestic debt

Who holds the largest share of govt's domestic debt

Commercial banks hold the largest share of government’s domestic debt, according to the Debt Statistical Bulletin and Public Debt Portfolio Analysis by the Ministry of Finance. The analysis, which seeks to provide accurate and timely debt statistics, crucial for assessing the countryâ€

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Over 500 families face displacement due to rising Lake Albert water levels

Over 500 families face displacement due to rising Lake Albert water levels

More than 500 families residing along the shores of Lake Albert in Hoima District are on the verge of displacement due to rising water levels, mirroring the devastating floods of 2020 and 2021. Residents of Fofo, Kijangi, Mbegu, Rwentali, Kaiso, and Kiryamboga landing sites in Buseruka a

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INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel

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Erik ten Hag Man United sack claim made as Bruno Fernandes issues red card verdict

Erik ten Hag Man United sack claim made as Bruno Fernandes issues red card verdict

Manchester United news and gossip after the 3-0 defeat against Tottenham with a Erik ten Hag sack claim and Bruno Fernandes' verdict to his red cardManchester United boss Erik ten Hag is under pressureIt proved to be an afternoon to forget for Ma

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Over 500 families face displacement due to rising Lake Albert water levels

Over 500 families face displacement due to rising Lake Albert water levels

More than 500 families residing along the shores of Lake Albert in Hoima District are on the verge of displacement due to rising water levels, mirroring the devastating floods of 2020 and 2021. Residents of Fofo, Kijangi, Mbegu, Rwentali, Kaiso, and Kiryamboga landing sites in Buseruka a

Ultimate Uganda