Financial
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Stanbic bank profit up by 12%
KAMPALA – Uganda’s biggest bank by assets Stanbic saw its profit before tax rise up by 12% to Shs 359.6 billion in 2021 from Shs 320.7 billion previously. The lender said in…
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Ntoroko cooperators urged to utilise their SACCOs effectively
NTOROKO – The Ntoroko district Chairperson William Kasoro has urged cooperators to utilise their savings and credit cooperative societies (SACCOs) effectively to buy more shares. Kasoro said, most of the cooperative members…
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Masindi Teachers’ SACCO share capital increases to Shs56m
MASINDI – The share capital for Masindi teachers’ SACCO has increased to Shs 56 million in 2021 from Shs 47 million raised in the year 2020. This was revealed by Joseph Rukundo,…
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Kinyara Sugar limited, farmers lose more than 3000 acres of cane to fire
MASINDI – Kinyara Sugar Limited and the sugarcane out-growers in Masindi district have lost more than 3000 acres of sugarcane plantation to fires since December last year, says Mathivanan Masilamani, the Agriculture…
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Women Boda-boda riders ask government for support to buy own motorcycles
FORT PORTAL – Women boda-boda riders under their umbrella association Fort Portal Women Boda-Boda Riders and Farmers Association have asked the government for support to buy their own motorcycles. The association’s Chairperson…
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Kikuube district receives Shs1 billion supplementary budget support
KIKUUBE – Kikuube district local government leaders are excited over its supplementary budget support worth Shs1 billion that the government disbursed to the district accounts. Kikuube district council in last week’s council…
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Deposit protection fund donates items worth Shs 20 million to St. Jude Orphanage
GULU – The Deposit Protection Fund of Uganda (DPFU), a government agency that works in partnership with the various commercial banks in the country has donated items worth Shs 20 million to…
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Parish Development Model: Minister Magyezi down plays need for legislation
The Minister of Local Government, Hon Raphael Magyezi has said, there is no need to put in place new legislation to facilitate the implementation of the Parish Development Model (PDM). Magyezi appeared…
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Amuru authorities issue fresh ban on makeshift structures at Elegu Border Market
AMURU – Authorities in Amuru district have banned traders at Elegu Border Market from erecting new makeshift structures at the market following a fire outbreak that destroyed properties worth billions of shillings.…
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Gulu City Councilors petition President Museveni over delayed remittance of local revenue
GULU – Councilors of Gulu City Council and the two divisional councils of Bar Dege-Layibi and Pece Laroo have petitioned President Yoweri Museveni over the delay by the Central Government to remit…
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