Financial
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House passes Public Service Pension Fund Bill, 2024
KAMPALA, February 26, 2025 –– Parliament has passed the Public Service Pension Fund Bill, 2024. The Bill, if signed into law by President Yoweri Museveni, will make public servants in the country…
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Parliament queries last minute loan request for UMEME buyout
KAMPALA, February 26, 2025 – Members of Parliament [MPs] on the Committee of National Economy have queried government’s ‘last minute’ request for a US$ 190 million loan to finance the UMEME buyout…
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OWC to donate 2.5mln coffee seedlings to creative artists
GULU CITY, February 26, 2025 – The WALK Creative Arts Foundation is set to receive 2.5 million coffee seedlings from Operation Wealth Creation [OWC] to be distributed to creative artists in Northern…
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AfDB and Standard Bank unite to support SMMEs and boost trade
JOHANNESBURG, February 26, 2025 — The African Development Bank Group [AfDB] and Standard Bank Group [SBG] on Monday signed a landmark financial agreement to enhance funding for small, medium, and micro enterprises…
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National IDs recovered from money lenders in Mbarara City
MBARARA CITY, February 25, 2025 – Mbarara City Resident City Commissioner [RCC], Catherine Helen Kamwine has recovered around 10 national identity cards that had been confiscated by money lenders operating in the…
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Buliisa district decries shortage of teachers
BULIISA, February 25, 2025 –– Authorities in Buliisa district have called on government to lift a ban recruitment of more teachers, saying it would address the ongoing shortage in the district. The…
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Denmark donates solar-powered irrigation facility to Buganda Kingdom
SEMBABULE, February 24, 2025 – The Danish Government, through the DANIDA Green Business Partnership Programme, has constructed a solar-powered irrigation facility to help smallholder farmers in Buganda Kingdom to mitigate the effects…
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House approves Shs 9.5bln in tax waivers for local companies
KAMPALA, February 22, 2025 — Parliament on Thursday approved tax waivers of over Shs 9.5 billion for selected local investors for the running financial year 2024/2025. This followed the adoption of the report…
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Coffee prices surge to record highs amidst global market shifts
KAMPALA, February 21, 2025 –– In January 2025, the International Coffee Organisation [ICO] Composite Indicator Price [I-CIP] for green coffee reached an average of 310.12 US cents per pound [0.453592kg], marking a…
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Nebbi councillors to probe schools over ghost learners
NEBBI, February 21, 2025 — District councillors in Nebbi are preparing to begin investigations into headteachers of both Universal Primary Education [UPE] and Universal Secondary Education [USE] schools regarding learner enrolment. During…
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