The Ministry of Finance has revealed that the African Development Bank has agreed to lend Uganda, US$650Million (UGX2.452Trn) out of the required Euro2.7Bn (UGX11.864Trn), to finance the 326km Standard Guage Railway project.This followed a commitment given by Dr. Abdul Kamara, Vice Preside
Sanjay Rughani (right) and David Wandera after the Bank of Uganda approved the sale of Standard Chartered Uganda’s Wealth and Retail Banking business to Absa Bank Uganda.KAMPALA — The Bank of Uganda has approved the sale of Standard Chartered Bank Uganda’s Wealth and Retail Banking (
The appointment of five ministers from the Busoga sub-region to Uganda’s new Cabinet has sparked optimism and heightened expectations among residents and leaders, who are now demanding greater focus on youth employment, infrastructure development, education, agriculture and the recovery of Buso
As women at Masjid Noor praised Museveni’s Eid support, Namyalo also announced that ONC’s nationwide empowerment programmes targeting youth and women will resume immediately after Eid under the President’s poverty eradication campaign.Hajjat Hadijah Namyalo hands over Eid donations t
KAMPALA — In a move aimed at strengthening coordination, accountability, and grassroots mobilisation within Uganda’s capital, discussions have emerged around a proposed Shs500 million allocation to support mobilisation and operational effectiveness of Kampala Capital City Council (KCCA) Speak
For many businesses in Uganda, securing a government contract feels like hitting the jackpot. The moment word spreads that someone has landed a deal, everything changes. Friends become more attentive, relatives resurface, banks suddenly extend courtesy, and suppliers are willing to offer goods on
Pep Guardiola took charge of Manchester City for the 593rd and final timeGuardiola, who will go down as one the finest managers of his generation, confirmed on Friday he will step down at City after collecting 20 trophies during a memorable decade in charge.BBC Sport - Pep Guardiola
The Government of Uganda officially invested up to Shs750bn into the Matugga-based DEI Pharmaceuticals manufacturer, which earned Ugandans a shareholding of 9% in the business. This PPP decision was controversial from the very inception as a significant number of MPs protested and questioned the
The High Court has ordered the Uganda Revenue Authority (URA) to refund more than Shs 73.5 million to the Pentecostal Assemblies of God (PAG) after ruling that the tax body illegally collected Value Added Tax (VAT) on humanitarian food aid imported for South Sudanese refugees.In addition,
Available information indicates that several Kampala commercial buildings in the CBD area are increasingly being targeted by money lenders, speculators and property acquirers, for reasons which couldn’t readily be established.These include Indians-owned Raja Chambers located along Parlia
