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“No stealing Oil money, it’s for all Ugandans”-Museveni assures Ugandans

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Uganda’s earnings from oil and gas will be used strictly for the establishment of critical infrastructure to drive the economy, President Yoweri Museveni has...

BOU Saga : National Bank of Commerce sale was negotiated on phone

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Parliament’s committee on commissions, statutory authorities and state enterprises (COSASE) has learnt that the defunct National Bank of Commerce (NBC) was closed and sold...

Finance ministry bosses who ate sh1b bribe have been jailed

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Two officials of the Ministry of Finance, Planning and Economic Development have been convicted of corruption offences and sentenced to two years’ imprisonment. Justice Lawrence Gidudu,...

The government gives 60 ICT innovators sh6b

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Many residents of Kampala who have farms upcountry often worry about the health and safety of their herds. Such worries will soon be addressed with a...

Museveni reveals why Uganda has not yet developed to ‘His Desired Standard’

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President Yoweri Museveni has said the journey to develop and transform Uganda has taken longer than it should due to lack of consensus...

Govt to assess OTT impact & its failures

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MPs on the ICT committee have directed the ministry to furnish Parliament with an assessment report on the impact of social media tax on the consumption...

Temangalo Land comes back to haunt NSSF and Amos Nzeyi

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To resolve the mystery shrouding ownership of the controversial National Social Security Fund (NSSF) Temangalo land in Wakiso district, MPs have called for a...

Prominent Bishop cons Ministers, UPDF seniors & Businessmen Billions in Bogus scheme

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Over 1,000 people from different walks of life are said to have fallen prey to a con scheme by self-styled Bishop Fred Ntabazi, who...

Katuntu defends COSASE commercial banks probe report

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In the run-up to last week’s release of the committee on commission’s statutory authorities and state enterprise’s (COSASE) report on the closure of seven banks by...

35% of Umeme electricity meters cheat consumers — UNBS

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Research by the Uganda National Bureau of Standards (UNBS) has revealed that 35% of the electricity meters used by industrialists and large commercial set-ups...

SMEs must embrace digital technology to survive

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Small and Medium Enterprises (SMEs) constitute the biggest segment of the business sector in Uganda. They employ in excess of three million people and account for...

Ugandan traders excited by the Museveni-Kenyatta trade deal

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Ugandan manufacturers and traders dealing in sugar, poultry, beef and dairy products have commended President Uhuru Kenyatta (Kenya) and his Ugandan counterpart Yoweri Museveni for agreeing...

Museveni gives his Final verdict on the UTL Saga

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President Yoweri Museveni has said any decision involving the process of identifying a suitable investor in the effort to revamp Uganda Telecom (UTL) should be made...

Over sh835b misused in 2017-2018

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The Auditor General (AG) has established that over sh835.5b was either misappropriated or misused in the 2017/2018 financial year. The report covering the last financial year...

Cooperative Bank owners demand accountability of assets from BOU

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Almost 20 years down the road since Co-operative Bank was closed, shareholders and directors say they have since not had access to the evaluation report on...

Minimum Wage Bill wins legislators’ hearts on first day of debate

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Parliament yesterday started debate on the Minimum Wage Bill which received overwhelming support of legislators from across the political divide. The private member’s Bill, which was...

First Glimpse on Uganda Airline, Everything on track

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Azuba says the Government has paid a commitment fee of $100,000 on each of the four planes and another $400,000 for the Airbus A330 series.

Summary: Pros & Cons of yesterdays budget

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When talking about this budget, it is important not to underlook certain things that are fundamental to the performance of our economy. For instance, the Auditor...

Customers of DFCU in panic as their Bank exits fraudulently acquired Sudhir properties

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The embattled DFCU Bank has conceded and has decided to vacate all the branches owned by Meera Investments Limited, which is part of the...

Japanese companies to come to Uganda

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The number of Japanese setting up companies in Uganda is on the rise, the Japanese ambassador to Uganda has said.

Magufuli advises Museveni to sack URA officials to continue with Oil pipeline

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President Yoweri Museveni and his Tanzanian counterpart, John Pombe Magufuli, disagreed Friday on the East African Crude Oil Pipeline (EACOP) Project, whose future hangs in balance...

Hwan Sung boss sold ghost land

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Police in Kampala are investigating a land fraud case in which suspected fraudsters reportedly connived with officials of the land office at Wakiso district headquarters to...

Government to give Youths & women shs10M, here is how to apply

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The Government will increase the operational funds for youth and women groups, the Minister of Gender, Labour and Social Development, Janat Mukwaya, has said. “We have...

BoU Saga: Gov’t & BoU to print New Ugandan currency

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Members of parliament have advised the government to embark on the printing of a new currency in order to save the image of the...

Niche banks under watch — Central Bank

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While some banks have been making losses for the last three years, the Central Bank has ensured that they do not present a threat to the sector

Gov’t to drop OTT tax and Introduce a tax on all internet bundles

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Uganda Revenue Authority (URA) has proposed a tax on internet bundles (data) instead of collecting OTT. This was revealed by Doris Akol the...

Closed borders won’t affect Uganda’s trade – Museveni

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President Yoweri Museveni has described the closure of the Uganda-Rwanda border as a temporary issue, which should not stop Uganda from trading, using other alternative markets,...

8 Chinese firms to set up at Mbale Industrial Park

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Eight Chinese firms have signed memoranda of agreement to start production at the SinoUganda Industrial Park in Mbale district. Two other firms have already...

President attends blue economy conference in Nairobi

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President Yoweri Museveni has underscored sustainable conservation of water bodies as a prerequisite for human survival. “When we talk about blue economy, we are talking...

Revamped Namanve industrial park to create 200,000 jobs

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Uganda’s economy is expected to create an additional 200,000 jobs once the impending redevelopment of Kampala Industrial and Business Park (KIBP) at Namanve in...

China’s Hunan investors to build power transmission line

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Uganda and China’s Hunan province have signed a memorandum of understanding (MOU) expected to facilitate the construction of a power evacuation line from Achwa...

Rwanda & Uganda in high-level talks over trade and Rebels

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High-level talks to resolve the row between Uganda and Rwanda are going on with the key principals President Yoweri Museveni and his Rwandan counterpart,...

SHOCK!! Rwanda sends back trucks loaded with Ugandan goods

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Three Ugandan cargo trailers that have been held up in Rwanda since early last month have been sent back to Kampala with the cargo on board....

Shumuk boss appeals to President Museveni seeking protection

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City businessman Shukla Mukesh has written to President Yoweri Museveni asking for protection from what he termed as investor frustration and malicious prosecution in...

Govt clashes with Naguru-Nakawa estate developers over sh175B compensation claims

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Opec prime Properties Limited and Opec prime Uganda Limited, the developer of the Naguru-Nakawa estate, have written to the Government demanding compensation of $47m...

Full Details: How Balaam is set to lose shs18 Billion property to South...

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Businessman and events organizer Balaam Barugahara has accused South Sudan military officer Gen. Apollo Richard Kashif of frustrating his sh18.7b investment in the capital...

NBC was illegally closed, say Mbabazi, Rukikaire

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Six years since the National Bank of Commerce (NBC) was closed, the stakeholders and directors believe the Central Bank acted outside the law and...

Government loosens requirements for acquiring Youth Livelihood Fund

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Cabinet has approved changes to ease access to Youth Livelihood Programme (YLP) funds, lawmakers sitting on Public Accounts Committee of Parliament heard yesterday. The...

Govt planning to ban private ownership of Taxis in Uganda

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In a bid to streamline public transport, the Government has introduced laws that will ban individuals from directly owning and operating public vehicles. According to the...

Business owners more important than politicians, says Museveni

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President Yoweri Museveni has said the strength of the country to grow does not lie with either politicians, religious or traditional leaders but rather the business...

Latest Stories

Andrew Mwenda narrates his own theory about the Kampala Bombings

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After reviewing the stories on mainstream media and listening to security officials talk, I am inclined to believe that yesterday’s bomb blasts were not...