The proposed Protection of Sovereignty Bill, 2026, is emerging as one of the most contested legislative efforts in recent years; praised by backers, especially government officials, as a necessary safeguard...
The Bank of Uganda has officially launched a three year pilot Domestic Gold Purchase Programme, in a move aimed at strengthening and diversifying Uganda’s foreign exchange reserves through the purchase...
The Court of Appeal has upheld a finding that Uganda Development Bank Limited (UDB) breached a financing agreement with agro-processing firm Afro-Kai Ltd, affirming the bank’s liability for withdrawing a...
As the clock ticks toward June, when the current term of Insurance Regulatory Authority (IRA) Chief Executive Officer Ibrahim Kaddunabbi Lubega is expected to expire, a quiet but palpable tension...
Uganda Airlines has announced the return to service of its aircraft, registration 5X-NIL, a Airbus A330-800neo, marking a major step in restoring long haul capacity and resuming flights to Dubai....
Housing Finance Bank, one of Uganda’s top ten lenders and the biggest mortgage lender with over 50% market share, has started rolling out a credit restructuring exercise to its customers,…
Kampala, Uganda, April 13, 2020: As Uganda and the rest of the world confront the public health, financial and economic implications of the COVID-19 pandemic, Absa Bank Uganda is rolling…
Business, marketing and communications consultant, Goretti Masadde, has been appointed the new Chief Executive Officer of the Uganda Institute of Banking and Financial Services (UIBFS). Goretti, who assumed office effective…
Justice Jeremiah Herbert Ntabgoba (81), Uganda’s former Principal Judge, is dead. According to family sources, he passed on in the wee hours of this morning, April 12th, 2020 at International…
KAMPALA – According to the Ministry of Health, today, Saturday, April 11, 2020, three people who have been completely healed of the Covid-19 disease in Uganda and will be discharged…
WASHINGTON, April 9, 2020—Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1%…
Following a short-lived rebound early in the week, the local currency fell to a weekly low, testing the resistance level of UGX3,800, undercut by a pickup in demand from market…
Stanbic Bank Uganda has announced loan holiday packages for business and personal clients affected by the COVID-19 global pandemic. Stanbic Bank Uganda’s Chief Executive Anne Juuko said, “We understand that…
The Stanbic Purchase Managers Index (PMI) for March has recorded the first decline in business activity. This is due to the global coronavirus disease 2019 (COVID-19) pandemic which has led…
“When you are faced by a prospect of famine, your first impulse should not be to go after the only planting seeds you have kept in your granary for the…
