Ugandans are paying way too much to use their cards at different Automated Teller Machines with commercial banks blaming the issue of foreign switch providers and the cost of moving money. The switch service providers, including Visa, China Union Pay and MasterCard enable one to use an ATM that is not of their bank to access their cash. The interconnection…
Read More
The Ministry of Agriculture, Animal Industry and Fisheries has handed over the site of the proposed Aquaculture Park in Apac district to the contractors to commence construction works. The project which is aimed at improving fish production in Lango Sub Region under the‘’Promoting Environmentally Sustainable Commercial Aqua Project, PESCAP for the local Community’’ is located at Onekgwok and Teboke villages…
Read More
Mbale Municipal Council authorities have closed over 50 business entities in Mbale town over lack of trading license and other requirements. The affected businesses were closed on Tuesday in an operation led by a Committee dubbed “transformation”, which seeks to restore Mbale to its past glory and improve local revenue collections. The operations were carried out in Northern, Wanale and…
Read More
The government has run out of aerial spray chemicals to fight desert locusts. The shortage has come at a time when authorities have confirmed a third wave of locust invasion. Reports indicate that two swarms reportedly entered the country on Monday through Rupa, Moroto and Kakamongole in Nakapiripirit districts. Lt. Col (Rtd) Bright Rwamirama, the Minister of State for Animal…
Read More
The Kabaka of Buganda Ronald Muwenda Mutebi II has appointed Simon Kaboggoza as the new Chief Executive Officer of Buganda Land Board, a company that manages as the kingdom land. Kaboggoza replaces David Kyewalabye Male who in February last year was appointed as Minister in Charge of Culture, Security, and Tourism. Speaking to reporters at Bulange Mengo, the seat of…
Read More
The European Commission has extended 10 million euros ( 41billion Shillings) to East Africa to help in the control of the desert locusts outbreaks in the region. The EU said in a statement that the outbreak could have devastating consequences on food security in the region where 27.5 million people suffer from severe food insecurity and at least 35 million more…
Read More
The Speaker of Parliament, Rebecca Kadaga has advised journalists to always think of establishing business projects away from their profession as a way of supplementing their meager salaries. This she noted while presided over the launch of the Uganda Parliamentary Journalists (UPJ) Cooperative Savings and Credit Society that is aimed at enhancing the welfare of journalists in the country especially…
Read More
Uganda’s Anne Juuko has been appointed by Stanbic Bank Uganda Board of Directors as the new company’s Chief Executive Officer (CEO) replacing Patrick Mweheire who has been appointed to serve as the Regional Chief Executive, Standard Bank Group. At the time of her appointment, Juuko has been working as the head of Corporate and Investment Banking at Standard Bank, Namibia…
Read More
Mobile money agents under their umbrella; the Association of East African Mobile Money Traders Limited have petitioned Parliament over the poor working relationship with telecom companies. The Association Chairperson, George William Nyombi presented the dealer’s petition to the Speaker of parliament, Rebecca Kadaga on Monday evening. Nyombi explained that mobile money agents face a number of challenges including increased insecurity…
Read More
Three Ugandan businessmen are being held in Rwanda. The three include Bosco Nkwasiibwe, a resident of Kamwezi sub-county in Rukiga district, Dauliano Orikurungi from Kabale district and Siliaco Orishaba from Rubanda district. Peninah Karungi, a wife to Nkwasiibwe told our reporter on Sunday that the victims were arrested by Rwandan security operatives on Thursday morning. She adds that their captors…
Read More