Search Results

Uganda loses Shs180b deal as export board goes in limbo

Uganda loses Shs180b deal as export board goes in limbo

Confusion. Panic. And helplessness. That is the state of affairs the Uganda Export Promotion Board (UEPB) now finds itself in after being merged with the Uganda Free Zones Authority into one entity called the Uganda Free Zones and Export Promotions Authority. For nearly three weeks now,

Ultimate Uganda

Economy posts positive results despite negative predictions

Economy posts positive results despite negative predictions

The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by analysts that recovery was likely to nosedive, at the start of the year. The Permanent Secretary in the Ministry of Fin

Ultimate Uganda

'Theft of public funds was a shameful thing back then'

'Theft of public funds was a shameful thing back then'

You will be making 79 in November. With the benefit of hindsight, has Independence been worth it? Independence was a positive development that came at the right time. Colonialism was no longer viable. But, I am not sure whether we have successfully utilised Independence to the advantage

Ultimate Uganda

Kenya’s National Assembly Removes Deputy President Gachagua

Kenya’s National Assembly Removes Deputy President Gachagua

Kenya’s National Assembly voted to impeach Deputy President Rigathi Gachagua on Tuesday, October 8, 2024 in a historic political event. The decision was made during a lengthy parliamentary session, with 281 members voting in favor of the impeachment, while 44 opposed it, and one member abstained.

Ultimate Uganda

Soroti Council Meeting Turns into a Kick Boxing Contest

Soroti Council Meeting Turns into a Kick Boxing Contest

Soroti Councillors Throw Punches Instead of Proposals in Latest Meeting Debate sometimes resembles a wrestling match in Ugandan politics. This was the case at the Soroti district council meeting on October 9, 2024 which turned into a scene worthy of a local boxing match. The afternoon began w

Ultimate Uganda

Economy still faces several risks, says BoU

Economy still faces several risks, says BoU

Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot

Ultimate Uganda

Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited took a loan of Shs 6.840 billion from Prim

Ultimate Uganda

Does Kiira Motors need two years to turnaround?

Does Kiira Motors need two years to turnaround?

Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option

Ultimate Uganda

Lango Cultural Institution Paramount Chief Eng. Okune to be Coronated in Colorful Ceremony at Mayor’s Garden

Lango Cultural Institution Paramount Chief Eng. Okune to be Coronated in Colorful Ceremony at Mayor’s Garden

His Highness Dr. Eng. Moses Michael Odongo Okune has called on all people of the Lango sub-region to prepare for a magnificent coronation ceremony that will showcase the Lango tribe to the world for the first time. Speaking to a reporter on Tuesday in a telephone interview, Dr. Okune revealed

Ultimate Uganda

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€

Ultimate Uganda