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Parliament's budget committee recommends shs288bn for Namboole renovation
Business • 27 Jan '24

Parliament's budget committee recommends shs288bn for Namboole renovation

The Budget Committee of Parliament has recommended allocating Shs288 billion for the renovation of Mandela National Stadium also known as Namboole in preparation for the Africa Cup of Nations (AFCON) in 2027.The committee also proposed the phased provision of funds for the construction of

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BoU closes EFC Uganda Limited
Business • 20 Jan '24

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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