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Tullow is selling its entire stake in the Albertine Graben

Tullow Oil Summons Shareholders Over Sale Of Stake in Albertine

Tullow Oil has set dates for meeting its shareholders as part of the planned sale of its stake in the Lake Albert Development Project in Uganda. The company according to the UK

June 18, 2020

by URN

Health Ministry Spent UGX 720m to Rehabilitate Namboole Treatment Facility

The Ministry of Health has used up to UGX720 million to rehabilitate structures at Mandela National Stadium, Namboole, before it could be used as a treatment centre for COVID-19 patients. The Ministry’s Permanent Secretary Dr Diana Atwine says that the

February 4, 2021

by URN

How Sudhir Defeated BoU to Retain Crane Bank Branches

City Mogul, Sudhir Ruparelia of the Ruparelia Group is in up mood having defeated Bank of

Uganda Airlines Made UGX 40B From Passenger Revenue Last Year

Uganda Airlines made revenue worth UGX40 billion from the time it started operations to the end

NSSF Workers House in Kampala. Statistics show that the Fund experienced a substantial increase in withdrawal of benefits payments in March. Courtesy photo

Parliament Approves Mid-Term Access to NSSF Savings but who is eligible?

Parliament has passed the National Social Security Fund- NSSF Bill 2019, giving Ugandans aged over 45 years and those who have saved for 10 years to access 20 per cent of their

February 18, 2021

The Big Story

A Graphic advertising BOU securities. Courtesy photo

Unlimited Domestic Borrowing Creating Lazy Investors – Uganda Debt Network

Domestic Borrowing by the government is creating a class of lazy investors, according to the Uganda Debt Network-UDN. Domestic Borrowing is done through the issuance of securities like treasury bills, which

February 17, 2021

Banking & Financial Services

State Minister of Microfinance Haruna Kyeyune Kasolo who presented the bill before Parliament

SACCOs Ask Gov’t to Expedite Release of Emyooga Funds

Savings and Credit Cooperative Organizations- SACCOs have raised concern about the delay to release funds under the Emyooga program. More than 356 SACCOs were registered in Kampala Capital City Authority-KCCA to benefit

February 17, 2021

Banking & Financial Services

BoU Deputy Governor, Dr. Michael Atingi-ego. Fred Muwema argues that there can’t be a functioning deputy Governor when there is no functioning Governor to deputize.

BOU Maintains Credit Relief for Borrowers as COVID-19 Effects Persist

The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts of the

February 16, 2021

Banking & Financial Services

Trucks loaded with marble taking it to Tororo cement factory, stuck at Lokdudu spot in Nakapiripirit, Mbale road after heavy rains recently. Courtesy photo

Cancel Mining Licenses for Karamoja, Minister Demands

The minister in charge of Karamoja Affairs, John Byabagambi has asked the ministry of energy and mineral to cancel all the mining licences issued to investors proposing to mine in Karamoja. He

February 15, 2021

Banking & Financial Services

Board members of BOU are paid a monthly retainer of UGX 5 million

Civil Society Tells Gov’t to Shelf Plans to Tax Cash Withdrawals

The civil society under the umbrella, the Tax Justice Alliance has joined the fight against the proposed taxation of cash withdrawals from banks, calling for wider consultations and study of the environment

February 15, 2021

Banking & Financial Services

Uganda Bankers’ Association Executive Director Wilbrod Owor

Bankers Oppose Planned Cash Withdrawal Tax

The Uganda Bankers Association, UBA, is petitioning the Central Bank to block the proposed taxation of cash withdrawals from the bank. The proposal has drawn condemnation across sections of the public after

February 11, 2021

Banking & Financial Services

kuzawa Hidemoto, Japan's Ambassador to Uganda. Courtesy photo

Japan Gives Uganda UGX 135.6 Billion for Yumbe-Manibe Road Works

The Japanese government has contributed UGX135.6billion (3.821 billion Japanese yen) for the construction of 23.6Km Yumbe-Manibe road in Yumbe District. It’s part of the contribution by the Japanese government towards “The project

February 11, 2021

Banking & Financial Services

Some of the PAPs in Kyotera meeting in Beteremu village over their residual land. Courtesy photo

Total Uganda Evaluates Residual Land In 10 Districts For Compensation

Total-Uganda is evaluating the residual land of the people affected by the East African Oil Pipeline (EACOP) project in the ten districts within the pipeline route. According to Stella Amony, the Communications

February 11, 2021

Banking & Financial Services

Uganda's Finance Minister, Hon. Matia Kasaija

President Was Given Wrong Information on DGF Funding – Kasaija

Finance Minister Matia Kasaija has written to President Yoweri Museveni clarifying that the information on which he based a decision for the suspension of the Democratic Governance Facility -DGF was wrong. President

February 8, 2021

Banking & Financial Services

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