The Big Story

Government moves to compensate Omukama of Bunyoro for encroached land

URNThe Big StoryJune 22, 2020June 22, 2020

President Yoweri Museveni has instructed the Ministry of lands to start a process to compensate the Omukama of Bunyoro Solomon Gafabusa Iguru for his land in Hoima and Kikuube districts,…

Afriland First Bank, sets up shop in Kampala, Hamadou Bayo to be its CEO

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryJune 21, 2020June 22, 2020

Following a license to operate a commercial bank, on September 12th, 2019 Afriland First Bank has set up its offices in Kampala. The offices are located on Buganda Road in the…

Finance Trust Bank in the spotlight for asking staff to refund salary earned during Covid-19 lockdown

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryJune 20, 2020June 20, 2020

Finance Trust Bank, has asked its staff to refund a portion of their salaries received during the Covid-19 lockdown when government restrictions prevented them from getting to work. According to…

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…

THE STATE OF REAL ESTATE: A dozen key things in Knight Frank’s H1 2020 Uganda property report during and post-Covid-19

Muhereza KyamuteteraThe Big StoryJune 18, 2020June 18, 2020

Knight Frank Uganda, the leading property consultancy firm last week released their H1 2020 Kampala Market Performance Review and Outlook report, giving a more detailed insight into the property market…

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…

Dicksons Kateshumbwa goes into politics; wants to represent Sheema Municipality

Muhereza KyamuteteraThe Big StoryJune 16, 2020June 16, 2020

Dicksons Collins Kateshumbwa the former Uganda Revenue Authority (URA) Commissioner, Domestic Taxes has joined politics. He is vying for the Member of Parliament for the Sheema Municipality in Western Uganda…

LAST FLIGHT OUT: Minister Kabatsi’s letter to CAA boss, Prof David Kakuba ahead of his June 30th contract expiry

Muhereza KyamuteteraCompany NewsThe Big StoryJune 15, 2020June 16, 2020

Yesterday CEO East Africa Magazine broke a story that the contract of Professor David Mpango Kakuba, Civil Aviation Authority (UCAA) Director-General shall end on June 30th and it shall not…

Civil Aviation Authority Managing Director, Prof. David Kakuba’s term of office ends June 30th; contract not renewed.

Muhereza KyamuteteraThe Big StoryJune 14, 2020June 15, 2020

The Minister of Works and Transport has asked Prof. David Mpango Kakuba, the airport authority’s Managing Director to hand over his office on June 22nd, ahead of his contract expiry,…