The Big Story

HEADS BEGIN TO ROLL: New URA Commissioner General begins to bite, forces three commissioners to resign

Muhereza KyamuteteraThe Big StoryMay 30, 2020May 31, 2020

Exactly two months after replacing Doris Akol, John Musinguzi Rujoki, the new Uganda Revenue Authority (URA) Commissioner-General has swung his axe, forcing two Commissioners, one Assistant Commissioner and a top…

CNOOC gives Total a go-ahead to acquire Tullow’s interests in Uganda for USD575 million

Muhereza KyamuteteraThe Big StoryMay 28, 2020May 28, 2020

Tullow Oil plc (Tullow) has announced that CNOOC Uganda Limited (CNOOC) has informed both Tullow and Total that it will not pre-empt the sale of Tullow’s assets in Uganda to…

Speke Group opens a number of its hotels; observes social distancing measures

Muhereza KyamuteteraThe Big StoryMay 27, 2020May 27, 2020

Following government’s easing of some movement restrictions over Covid-19, Speke Group of Hotels, Uganda’s largest chain of hotels, has moved to open some of its flagship hotels to the public….

Gov’t to inject UGX1 trillion into Uganda Development Bank- Yoweri Museveni

Muhereza KyamuteteraThe Big StoryMay 27, 2020May 27, 2020

President Yoweri Museveni has said that UGX1 trillion of the UGX1.9 trillion loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to…

Uganda Development Bank Assets Hit Record UGX486 billion

CEO ReporterThe Big StoryMay 27, 2020May 27, 2020

The growth is attributed to the increase in the Government of Uganda capital contribution as well as draw down of lines of credit making the bank one of the heavy…

BOU’S DR. ADAM MUGUME: The 29 things lenders and borrowers must know about BoU’s credit relief measures

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryMay 26, 2020May 26, 2020

1. What does Credit Relief mean? It is a re-organisation of a debt obligation through concessions or accommodations that provide borrowers with some form of relief in how and/or when…

PARLIAMENT’S FINANCE COMMITTEE CHAIRMAN: The Amended NSSF Bill has nothing to do with Covid-19 but bears many mitigating proposals for qualifying savers

Muhereza KyamuteteraThe Big StoryMay 25, 2020May 25, 2020

I understand the Finance, Planning and Economic Development Committee which you chair, together with the Gender, Labour and Social Development Committee are spearheading the process to amend the NSSF law….

REMAIN VIGILANT: Financial Intelligence Authority issues tips on spotting and avoiding financial crimes during Covid-19 pandemic

Sydney AsuboBanking & Financial ServicesThe Big StoryThought LeadershipMay 25, 2020May 25, 2020

By Sydney Asubo With people facing confinement or strict social distancing measures, in-person banking and access to other financial services being difficult, and unnecessarily exposes people to the risk of…

#MANIFESTOWEEK2020: NRM gov’t has achieved 80% of the promises we made in 2016- Rugunda

Muhereza KyamuteteraThe Big StoryMay 23, 2020May 23, 2020

Four years into this term of office, the National Resistance Movement (NRM) Government is on course to achieve the targets it promised to the people of Uganda, Rt Hon. Dr….

MPs approve 20% access to NSSF Savings; NSSF Bill to be passed after July

Muhereza KyamuteteraThe Big StoryMay 22, 2020May 22, 2020

Preliminary reports from Parliament, indicate that MPs on the Gender, Labour and Social Development and the Finance, Planning and Economic Development committees have agreed to a revision in the current…