KAKAMEGA, Kenya–President Uhuru Kenyatta has asked governors to prudently utilize resources allocated to the devolved units to ensure Kenyans receive efficient and effective services. The President emphasized that all the revenue collected at the national and county government levels through taxation must be put into proper use, saying the move will bolster achievement of the […]
KAMPALA, Uganda–According toa press statement from the Uganda Media Centre, the founder of Binance, the world’s largest crypto-currency exchange, Mr. Zhao Changpeng, who is on a 2-day working visit to Uganda to explore opportunities for using Blockchain technology in the country, has called on President Yoweri Museveni at State House, Entebbe. Mr. Changpeng, a renowned […]
KAMPALA, Uganda—Uganda’s Parliamentary committee on Finance, Planning and Economic Development has recommended that the Investment code 2017 be passed into law but proposed some amendments. The object of the Bill is to revise, modernize and replace the Investment Code Act Chapter 92 of the Laws of Uganda and inter alia to make it conform […]
KAMPALA, Uganda–The Uganda shilling closed unchanged at the 3690/3710 levels against the U.S. dollar on Wednesday. The local currency came under pressure late in the day after greenback demand from the manufacturing sector keyed into the market. Market sentiment indicates that this demand will drift into today’s session, triggering a slight upward movement in the […]
MOMBASA, Kenya–The Standard Gauge Rail (SGR) mode of transport continued to gain popularity at the Port of Mombasa in the week ending April 18, 2018 after a total 2,917 TEUs were ferried via rail from the Port. During the week a total 7,984 TEUs were delivered by road. Imports population breakdown at the port; 4,679 […]
KAMPALA, UGANDA- Uganda’s Finance Minister Matia Kasaija has urged that the implementation of agent banking should be done in collaboration with Police and other security agencies in order to help the fight against theft, burglaries and robberies in the new sector. The Minister who was officiating at the launch of the Shared Agent Banking System […]
KAMPALA, UGANDA- Thomas Kamphuis 41, has been appointed as the new Nile Breweries (U) Ltd Country Operations Director for Uganda and South Sudan, replacing James Bowmaker who announced his desire to step down in March. Kamphuis who has an experience of over 17 years in fast moving consumer goods companies, of which 14years have been […]
KAMPALA, Uganda–The Uganda shilling depreciated against the U.S dollar on Thursday with the USDUGX duo hitting fresh high 3700/3720 levels from the 3690/3710 levels seen on Wednesday. Despite liquidity tightening in the local money market space, the Shilling was undercut by a surge in greenback demand from Commercial banks and corporate players alongside sustained inaudible […]
KAMPALA, Uganda—Tropical Bank Uganda Ltd has launched its mobile banking platform, Tropical Mobile that allows customers to transact with the bank and pay bills using their mobile phones. “With Tropical Mobile, we bring the entire branch to your palm to allow you conduct realtime transactions at your own comfort using your mobile phones. Customers […]
KAMPALA, UGANDA- The National Social Security Fund (NSSF) Managing Director Richard Byarugaba has said many Ugandans because of not being safe in their jobs are fearing to take up the different mortgage products hence creating a setback in Uganda’s real estate sector. Byarugaba, who was speaking during the second edition of Innovation Series […]
KAMPALA, UGANDA- Cavendish University Uganda has acquired a new Vice Chancellor – Professor John Francis Mugisha who holds a PhD in Health planning and management – Keele University, England, MSc. in Health Services Management – Uganda Martyrs University and Bachelor of Arts in Social Sciences – Makerere University Uganda. The installation ceremony was […]
KAMPALA, Uganda–The Korea International Cooperation Agency and UNICEF – the United Nations Children’s Fund – have launched a five year programme to scale up water, sanitation and hygiene services in schools in Karamoja. The programme will be executed until 2022, benefitting 56,000 children from 100 schools in all Karamoja districts – Abim, Amudat, Kaabong, Kotido, […]
KAMPALA, Uganda–The Uganda Shilling continued its losing streak against the U.S dollar undermined by sustained greenback demand stemming from a cocktail of sectors and commercial banks on Friday. The USD/UGX pair rested at an all-time high of 3705/3725 from the 3700/3720 levels registered previously. This week, market charter alludes to a rising USD/UGX pair as […]