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    10,000 Taxis Cleared to Operate in Kampala

    URNBanking & Financial ServicesJune 20, 2020June 22, 2020

    More than 10,000 taxis have been cleared to operate in the Greater Kampala Metropolitan Area. Kampala Capital City Authority (KCCA) has registered and issued route numbers to 13,301 taxis but…

    Microfinance Support Centre Seeks UGX 300b To support saving schemes

    URNBanking & Financial ServicesJune 19, 2020June 19, 2020

    The Uganda Microfinance Support Centre needs up to UGX313 billion to cushion microfinance institutions from the effects of the lockdown, occasioned by the outbreak of coronavirus disease. Peter Mujuni, the Executive…

    EU Announces UGX 8.3b Grant Towards Uganda’s Fight Against COVID-19

    URNThe Big StoryJune 19, 2020June 19, 2020

    The European Union (EU) Delegation in Uganda has announced a grant of UGX8.35 billion (Euros 2 million) towards the country’s efforts to fight the COVID-19 pandemic. Ambassador Attilio Pacifici, the…

    COVID-19: Banks Restructure Loans Worth UGX 2 Trillion

    URNBanking & Financial ServicesThe Big StoryJune 19, 2020June 19, 2020

    The Uganda Bankers’ Association has revealed that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on…

    Central Bank Warns Against More Borrowing as Public Debt Hits UGX 53 Trillion

    URNBanking & Financial ServicesJune 18, 2020June 18, 2020

    Bank of Uganda (BoU) has warned that the rate at which Uganda’s public debt is increasing is a cause for worry as the country now hits 53 trillion Shillings in…

    Tullow Oil Summons Shareholders Over Sale Of Stake in Albertine

    URNCompany NewsJune 18, 2020June 18, 2020

    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…

    Gov’t Earmarks UGX 19bn to Construct Fruit Processing Factory in Nwoya

    URNCompany NewsJune 18, 2020June 18, 2020

    Government, through the National Agricultural Advisory Services – NAADS, has earmarked UGX 19 billion to construct a fruit processing factory in Nwoya district. The project whose main objective is to…

    Auditor General Given Ultimatum on Gulu University Forensic Audit

    URNThe Big StoryJune 17, 2020June 18, 2020

    The request was made during a meeting with Gulu University officials led by the Acting Secretary Asaf Adebua. The officials had appeared before the committee to respond to audit queries…

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