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IGG recovers Shs2.3b in confiscated assets of thieving public officials

IGG recovers Shs2.3b in confiscated assets of thieving public officials

The Inspectorate of Government was able to recover Shs2.3b in confiscated assets of thieving public officials in the first half of the year, compared to the Shs15.7b marked for recovery. The revelation was made by the Inspectorate of Government, Ms Beti Kamya, while presenting the bi-ann

Ultimate Uganda

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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Sebei farmers switch to barley growing to boost profits

Sebei farmers switch to barley growing to boost profits

Farmers in Sebei Sub-region are switching to barley growing in search of better profits. Some of the farmers have since abandoned Irish potatoes for barley growing, which is a raw material in beer making. They farmers say the cereal is profitable and that it matures within a short time.

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Ugandan job seekers allege fraud by Skypins labour export firm, owner Don Chris on the run

Ugandan job seekers allege fraud by Skypins labour export firm, owner Don Chris on the run

A number of job seekers estimated to number about 100 are crying foul after labour export firm, Skypins Tours and Travel, claiming to be an employment recruitment agency taking people to work abroad allegedly fleeced them of their hard earned money.

Ultimate Uganda

Inside proposal to revive tea farming

Inside proposal to revive tea farming

Tea farmers across Uganda are facing a looming crisis, with several processing factories on the brink of closure. This is on account of the low prices of the crop, which has forced some of the tea farmers to uproot the trees in favour of the more lucrative coffee growing and other ventur

Ultimate Uganda

Vision Group's Shs25b share sale explained

Vision Group's Shs25b share sale explained

On September 24, Vision Group, which is listed on Uganda Securities Exchange as New Vision Publishing and Printing Company Limited, told each of its shareholders in a notice that it had reached an understanding with the government about an intervention to take on a new type of shares in addi

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Kiruhura introduces cow dung fees in major revenue hunt

Kiruhura introduces cow dung fees in major revenue hunt

Kiruhura District Chief Administrative Officer (CAO) Charles Nsubuga Kiberu has instructed all sub-county chiefs and town clerks to start collecting a cow dung loading fee “to boost local revenue collections.” In a September 23, 2024, circular, Nsubuga instructed the leaders to start

Ultimate Uganda

Vision Group seeks Shs25b in new share sale 

Vision Group seeks Shs25b in new share sale 

Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the

Ultimate Uganda

Tooro tea farmers frustrated as prices remain low

Tooro tea farmers frustrated as prices remain low

Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr

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Where are Uganda’s green jobs?

Where are Uganda’s green jobs?

Resty Namata began her career at Kiteezi Landfill as a sorter earning about Shs7,000, and eventually advanced to a picker, earning at least Shs10,000 daily. But more than half of the workers are women, who turn to this refuge to cope with socio-economic challenges."We are 600 women out of ab

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