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    Banks Restructured Loans Worth UGX 6.7 Trillion Due to Covid-19 -BoU Report

    URNBanking & Financial ServicesDecember 2, 2020December 2, 2020

    Banking institutions have since April restructured loans with clients worth UGX6.7 Trillion after repayments were affected by the Covid-19 pandemic. Bank of Uganda in April 2020 granted permission to all…

    Museveni Commissions Mbale – Lwakhakha Road

    URNBanking & Financial ServicesDecember 1, 2020December 1, 2020

    President Yoweri Museveni has commissioned Mbale – Bubulo – Lwakhakha road and pledged to construct more roads to improve the transport network in the country. The 44.5-kilometer road was constructed by…

    Banks Make UGX 874Bn Profits During Lockdown

    URNBanking & Financial ServicesDecember 1, 2020December 1, 2020

    A Bank of Uganda (BoU) report has revealed that commercial banks recorded profits to a tune of UGX874 Billion between March and September 2020.  This is despite the Covid-19 pandemic…

    Energy, Finance Officials Disagree on Compensation of Pipeline Affected Persons

    URNBanking & Financial ServicesDecember 1, 2020December 1, 2020

    Persons affected by the planned East African crude oil pipeline are calling for court action against the governments of Uganda and Tanzania as well as the oil companies over delayed…

    Cipla Convinces Shareholders of a Turnaround in company fortunes

    URNCompany NewsNovember 30, 2020November 30, 2020

    Cipla Quality Chemicals Ltd, Uganda’s top manufacturer of medicines has in recent years faced declining profits occasioned by a fall in revenues, making Shareholders uneasy. The Capital Markets Authority’s latest…

    International Passenger Numbers Steadily Increasing – UCAA

    URNLifestyleNovember 28, 2020November 28, 2020

    The Uganda Civil Aviation Authority – UCAA says international passenger numbers are steadily increasing. Fred K. Bamwesigye, Acting Director General UCAA said this on Friday evening during a press conference…

    Bureaucracy, Bribery Major Obstacles to Uganda’s Competitiveness – Survey

    URNBanking & Financial ServicesNovember 28, 2020November 28, 2020

    Entrepreneurs and prospective investors in Uganda are getting more concerned about long bureaucratic procedures in dealing with government, than they are concerned with corruption or bribery, according to a survey….

    EC Trains 400 Prisons Officers to Handle 2021 Ballot Papers

    URNThe Big StoryNovember 27, 2020November 27, 2020

    At least 400 prison Officers are undergoing training by the Electoral Commission -EC to pack ballot papers. The officers from the Uganda Prisons are undergoing training in ballot paper safety,…

    NSSF Ready to Lend to Local Governments

    URNBanking & Financial ServicesNovember 27, 2020November 27, 2020

    National Social Security Fund (NSSF) wants the laws governing its investments amended to allow the fund to lend money to local governments. This comes after the local government officials and…

    FDC’s Amuriat Promises Five Percent of Oil Revenue to Bunyoro Kingdom

    URNThe Big StoryNovember 27, 2020

    Patrick Amuriat Oboi, the Forum for Democratic Change (FDC) Presidential candidate has promised to offer 5 percent of the Oil revenue to Bunyoro Kitara Kingdom if he is elected President…

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