Financial
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Kikuube leaders decry low tax revenue
KIKUUBE, November 28, 2023 – Kikuube district leaders are concerned that several companies in the district are not paying their fair share of taxes, which they say is affecting service delivery in the…
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Private sector credit grew 1.6 percent in September 2023, says new report
KAMPALA, November 28, 2023 – The stock of total outstanding private sector credit in Uganda grew by 1.6 percent to Shs 21.17 trillion in September 2023 from Shs 20.84trn in August 2023,…
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RBI appoints administrator for Abhyudaya Cooperative Bank
NEW DELHI, November 28, 2023 – The Reserve Bank of India [RBI] days ago superseded the board of directors of Mumbai based Abhyudaya Cooperative Bank on and appointed Satya Prakash Pathak, former…
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Lira street children equipped with soap making skills
LIRA, November 28, 2023 – At least 83 former street children who now study at Lango Quran Primary School in Lira City have acquired skills in liquid soap making. The hands-on career…
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Govt working to revive Soroti Fruit Factory after mismanagement by UDC, says Nabbanja
KAMPALA, November 27, 2023 – Government through Uganda Development Corporation [UDC] is developing regulations for partnership with former Ethiopia First Lady, Azeb Mesfin Haile, to manage the Soroti Fruit Factory, according to…
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Fort Portal City authorities call for extension of USMID project as deadline nears
FORT PORTAL, November 27, 2023 – Fort Portal City authorities have called for the extension of Uganda Support to Infrastructure Development [ USMID ] project, nearly 10 days to the end of…
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Otuke: Shs 100mln raised to support Dero Amon SACCO
OTUKE, November 27, 2023 – Prime Minister Robinah Nabbanja has donated Shs 15 million to support Dero Amon SACCO in Otuke district. Grace Freedom Kwiyucuny, the State Minister for Northern Uganda who…
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Uganda’s September 2023 export earnings post 5.6 percent decline
KAMPALA, November 24, 2023 – According to the Ministry of Finance, Uganda shipped exports worth US$ 632.06 million in September 2023, a 5.6 percent decline when compared to US$ 669.88mln exported in…
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NAM, G77 summits to boost Uganda’s tourism as govt allocates Shs 53.6bln for preparations
KAMPALA, November 24, 2023 – Uganda’s tourism sector will reap from the two upcoming international summits to take place in Kampala in January 2024, according to the Minister of State for Foreign…
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Finance Ministry needs Shs 2bln to establish Sugar Board
KAMPALA, November 23, 2023 – Due to the lack of required funds, Government has failed to establish a Sugar Board to regulate the sugar industry, according to the Minister of State Finance…
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