Baker Ssenyonga
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News
House reconsiders Appropriation Bill, Shs 750bln reallocated
KAMPALA, July 3, 2024 – Parliament has reallocated Shs 750 billion after revisiting the Appropriation Bill, 2024 which President Yoweri Museveni objected to assent to. In the 2024/2025 budget passed earlier, legislators…
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News
Hundreds lose jobs as Mayuge sugar factory is closed
NAMAYINGO, June 26, 2024 – Over 600 people in Namayingo district have lost their jobs following government’s rushed closure of CN Sugar factory that was still undergoing construction. The closure of the…
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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GROW project funds misallocated, says Auditor General
KAMPALA, June 18, 2024 – Parliament’s Public Accounts Committee [PAC] has raised concerns over the utilisation of a Shs 803 billion [US$ 217 million] World Bank grant intended for the Generating Growth…
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Uganda’s year-on-year coffee exports fetch Shs 4trn
KAMPALA, June 16, 2024 – Uganda’s coffee exports for the twelve months [June 2023-May 2024] totaled 6.02 million bags worth US$ 1.07 billion [about Shs 4 trillion] compared to 5.73mln bags worth…
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Complying with EUDR: Smallholder coffee farmers at risk of being excluded from EU market
KAMPALA, June 15, 2024 – Smallholder coffee farmers in Uganda and the rest of the world are at risk of being excluded from the European Union [ EU ] market due to…
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Agro-industrialisation, tourism and mineral devt to expand Uganda’s economy
KAMPALA, June 14, 2024 – Uganda’s growth strategy for the 2024/2025 financial year is anchored on agro-industrialisation, tourism development, mineral development including oil and gas, and technology and innovation, the Minister of…
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Greening: KCCA, Absa Bank partner to plant over 3,000 trees
KAMPALA, June 8, 2024 – Capital City Authority [KCCA] has partnered with Absa Bank Uganda to plant 3,300 trees at KCCA’s Agricultural Resource Centre in Kyanja situated on an expanse of 4.9…
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News
Over 14,600 benefit from Students’ Loan Scheme
KAMPALA, June 5, 2024 – The number of beneficiaries of the Students’ Loan Scheme in Uganda has grown to 14, 601, according to the Higher Education Students’ Financing Board [HESFB] that manages…
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News
Equity Bank awarded for promoting financial literacy and inclusion
KAMPALA, June 4, 2024 -Equity Bank Uganda has been recognised and awarded for promoting financial literacy and inclusion in the country by the Uganda Financial Literacy Association [UFLA], an umbrella body that…
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