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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

Minister for Trade, Industry and Cooperatives Amelia Kyambadde

Uganda Sugar Exports to Kenya Rise Steadily – Trade Minister

Uganda Sugar exporters are to receive a permit for exporting another 20,000 metric tonnes consignment from Kenya next week. Trade minister Amelia Kyambadde says the consignment is part of the 90,000 tonnes

February 3, 2021

Banking & Financial Services

Uganda's President Yoweri Museveni. Courtesy photo

Museveni Declines to Assent to Coffee Bill, Returns it to Parliament

President Yoweri Kaguta Museveni has declined to assent to the National Coffee Bill and asked parliament to review several provisions in the proposed law. The Speaker of Parliament Rebecca Kadaga said, in

February 3, 2021

Politics & Goverment

Pierre Jessua handing over a land Title to Juma Isingo and his wife. The two are some of the Project affected Persons. Courtesy photo

Buliisa Oil Project Affected Persons Get Houses

Families affected by the construction of the Tilenga Central Processing Facility in Buliisa district has finally received houses as part of their relocation package, thanks to Total E&P. Up to 623 persons

February 2, 2021

The Big Story

Uganda's Finance Minister, Hon. Matia Kasaija

MDAs Face UGX 2 Trillion Expenditure Cuts

Government Ministries, Departments and Agencies-MDAs will have to do with a little less funding in the next financial year as the Finance Ministry slashes expenditure budgets across the board due to the

February 1, 2021

Banking & Financial Services

Everest Kayondo, the Chairman of Kampala City Traders Association, says that the current set up within the central business district does not allow a smooth flow of business

Drop the Politics and Restore Sanity in the City, Kampala Traders Tell Authorities

Kampala City traders have called for the restoration of trade order in the capital, which is currently messed up with a pool of roadside vendors. They are also concerned about the jumbled

February 1, 2021

Banking & Financial Services

Akinwumi A. Adesina, African Development Bank President. He says he is still fully committed to the bank. Courtesy photo

African Development Bank Warns Gov’t Project Delays Could Attract Penalties

The African Development Bank has threatened to withdraw funding for the project aimed at building the capacity of Ugandans for opportunities in the oil and gas sector, should the government fail to

February 1, 2021

Banking & Financial Services

Uganda coffee beans. Coffee is Uganda’s biggest export revenue earner. Courtesy photo

Uganda’s Annual Coffee Export Volumes Increase by 22%

Uganda’s coffee export volumes increased by 22% in 2020 compared to the previous year. The growth has been revealed in the Uganda Coffee Development Authority (UCDA) monthly report of December 2020. The

February 1, 2021

Banking & Financial Services

Between April and December 2020, Italy imported 130,653 coffee bags from Uganda. Courtesy photo

Uganda Becomes Number One Coffe Supplier to Italian Market

Uganda has displaced India as the number one Coffee supplier on the Italian market. India is the seventh world leading Coffee producer with 348,000 metric tonnes per year, while Uganda follows in

January 30, 2021

Lifestyle

Legislators during a sitting. Courtesy photo

EALA Cuts Regional Budget by US$ 6 Million

The East African Community will have to do with a smaller budget for this year than earlier planned, after the Legislative Assembly (EALA) cut the Budget Estimates for the Financial Year 2020/21,

January 30, 2021

Banking & Financial Services

Bank of Uganda Governor Emmanuel Tumusiime says financial institutions are free to decided on credit relief for their customers. Courtesy photo

Court Rejects Bank of Uganda ‘Friend Request’ in DTB-HAM Case

Bank of Uganda has lost an application in which it sought to join as ‘Amicus Curie’ (Friend of the Court), the ongoing appeal by Diamond Trust Bank against Ham Enterprises, a company

January 28, 2021

Banking & Financial Services

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