Business •
04 Oct '24
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
Business •
04 Oct '24
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
Business •
04 Oct '24
The Minister of Works and Transport, Gen Edward Katumba Wamala, has warned roadside vendors about pedestrian walkways, urging them to vacate the areas to ensure smooth traffic flow. He made this call during a monitoring exercise of the Najjanankumbi-Busaabala road works in Wakiso Distr
Business •
02 Oct '24
Uganda's State Minister for Wildlife and Antiquities, Mr Martin Mugarra Bahinduka, has reaffirmed that the Uganda Wildlife Authority (UWA) will continue charging vehicles transiting through Murchison Falls National Park. "The tarmacking of this road does not justify the change of its sta
Business •
02 Oct '24
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
Business •
01 Oct '24
It is about five years now since the revival of Uganda Airlines. What is there to write home about so far?Some of the reasons that led to the revival of Uganda Airlines emanated from complaints regarding connectivity, price and travel delays then. We have solved these and many other problems
Business •
01 Oct '24
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
Business •
01 Oct '24
Four police officers attached to Lolwe Police Station in Bukhooli Islands, Namayingo District are being investigated after a pastor who was being held on allegations of aggravated defilement escaped from custody on September 29. Pastor Jimmy Masette, 42, of Vision Way of Truth Church at
Business •
01 Oct '24
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
Business •
01 Oct '24
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€