Over the weekend, the lawyers’ community under their body, Uganda Law Society (ULS) elected a new executive committee to replace the outgoing one headed by Simon Peter Kinobe who has held the office for the last two years Leading the four women led team is Pheona Nabasa Wall who garnered 441 votes against her closest contender Bernard Oundo’s 427. Other contenders are Nelson Walusimbi who got 239, Rashid Semambo 212 and Anne Karungi 47votes who came in the second position in the Saturday elections held across different polling stations in the country. Diana Angwech was elected as vice president while Ritah…
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One of Uganda’s top law firms, Bowmans Uganda (FK Mpanga), has been declared National Law Firm of the Year for Uganda as IFLR Awards recognised wining deals, teams, and individuals in its Inaugural 2020 Sub –saharan African Awards. The winners were declared on a basis of monthly research by the team and careful deliberation by the editors and IFLR journalist that make up the internal judging panel According to IFLR, the awards recognised the most legally innovative deals of 2019-20 from across the region and the firms and lawyers behind them. The research organisation highlights that its focus for the…
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The World Bank Board of Directors has approved a grant of $130.8 million from the International Development Association (IDA) to ease the movement of goods and people and improve access to social services and job opportunities in the refugee hosting districts in the West Nile sub-region of Uganda. The grant is financed through the IDA18 Window for Host Communities and Refugees. The Uganda Roads and Bridges in the Refugee Hosting Districts Projectwill upgrade 105 kilometre (km) Koboko-Yumbe-Moyo road from gravel to bitumen and strengthen the institutional capacity of the Uganda National Roads Authority to manage environmental, social, and road safety risks. World Bank says the project will foster greater regional integration through trade with DRC and Southern Sudan, reduce travel time, and create employment for youth and women….
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Francis Xavier Kitaka the very first Ugandan to run a privately owned Veterinary pharmaceutical business in Uganda (MTK Uganda Ltd) has passed on according to sources from his family. Born in 1935 to Celestino Mayambala Musoke and Monica Musoke, Kitaka’s breathed his last today. Kitaka, biochemist, veterinarian, entrepreneur and industrialist Born in a family of six siblings, to Celestino Mayambala Musoke and Monica Musoke. Francis Kitaka attended Rubaga Primary School, starting in 1944 and was in 1948 admitted to Bukalasa Minor Seminary He attended Rubaga Boys’ Secondary School, for his middle school examinations and St. Mary’s College Kisubi for his O level examinations (Cambridge Ordinary…
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Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings Plc, the parent group of Uganda’s 8th largest bank by assets (UGX 2.627 trillion at end of 2019) Equity Bank, has won the prestigious 2020 Oslo Business for Peace Award The award, also described as the Nobel Prize for Business, is conferred annually to exceptional individuals who exemplify their outstanding `business worthy’ initiatives ethically by creating economic and societal value. It is the highest global distinction given to a business leader to celebrate their efforts at promoting peace and prosperity for the greater good of society through their…
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The World Bank has appointed Keith Hansen as the new Country Director for Uganda, Rwanda, Somalia, and Kenya effective September 8, 2020. Hansen who will be based in Nairobi, Kenya takes over from Carlos Felipe Jaramillo, who has since been appointed as the Vice President for the Latin America and the Caribbean According to the statement by the World Bank, Mr. Hansen, who has over 30 years of experience in development practice, will lead an active multi-country portfolio consisting of over 100 projects spread around energy, COVID-19, education, and agriculture among other sectors in the four countries, totalling more than…
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ROAM Africa (Ringier One Africa Media) has announced the appointment of Jobberman Nigeria CEO, Hilda Kabushenga Kragha as the new Managing Director of ROAM Africa Jobs making her the fourth woman on the seven person team of ROAM’s ExCo Team Hilda who joined Jobberman Nigeria as CEO in June 2019 will now lead ROAM Africa’s jobs brands, including Jobberman (Ghana and Nigeria) and BrighterMonday (Kenya, Tanzania, Uganda ROAM Africa’s Jobs brands are the dominant recruitment solutions platforms in Africa, including BrighterMonday in East Africa (focusing on Kenya, Tanzania and Uganda) and Jobberman in West Africa (focusing on Nigeria and Ghana)….
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The Ministry of Education and Sports has allowed all international schools in Uganda to reopen while operating under Standard operating Procedures (SOPs). This follows the decision reached by President Yoweri Museveni to re-open institutions for candidates and final year students. The president resolved that a phased re-opening of schools, starting with candidate classes and final year students in higher institutions be implemented starting 20th September 2020. Whereas education institutions will open in phased manners with candidate students (P7, S4 &S6) and finalists in higher education, Ministry of Education has come to a decision that international schools operate at full capacity with…
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In a bid to support monetary policy operations and keep interbank intrest rates within the Central Bank rate Band, Bank of Uganda (BoU) has approved the creation of a Standing Lending Facility/ window at the Central Bank for banks with short term liquidity In a notice dated 7th September, detailing the guidelines for the establishment of the facility, Bank of Uganda says the facility is for purposes of providing liquidity during normal times separate from the Lombard facility/lender of last resort, which is intended for banks in liquidity distress requiring funds for a longer duration of time. According to the…
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Housing Finance Bank yesterday launched a partnership with Water for People to implement a citywide inclusive sanitation program that will see 30,000 home owners around 5 divisions in Kampala benefit from improved sanitation loans. The partnership was launched via a virtual engagement. Commenting on the partnership, the bank’s Managing Director Michael Mugabi noted: “As a financial institution, we seek to work with different stakeholders in the sector to provide an improved customer value proposition that will enable all Ugandans both low and high income earners access improved sanitation loans around 5 divisions in Kampala.” He added that the bank recognizes that…
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