Financial
-
Stanbic reports 3.8 percent increase in total assets
KAMPALA, August 16, 2024 – Stanbic Uganda Holdings Limited has announced that its total assets reached Shs 9.76 trillion as of June 30, 2024, marking a 3.8 percent increase from the previous…
Read More » -
Mbarara SACCO officials on spot over missing funds
MBARARA CITY, August 15, 2024 – Former Mbarara Central Market Vendors’ SACCO Chairman, Muhammad Nyombi, and the SACCO Manager, Hope Kyokunda are implicated in the alleged mismanagement of funds amounting to over…
Read More » -
Cooperatives’ compensation: Advocate Matovu arraigned on charges of theft and conspiracy to defraud govt
KAMPALA, August 14, 2024 – John Matovu, an advocate with Matovu & Matovu Advocates, has been arraigned before the Anti-Corruption Court on charges of theft by an agent and conspiracy to defraud…
Read More » -
Govt picks six banks for over Shs 803bln GROW project
KAMPALA, August 14, 2024 – Six commercial banks have been selected by government as it implements the World Bank funded Generating Growth Opportunities and Productivity for Women Enterprises [ GROW ] project.…
Read More » -
Tourism revenue sharing: Minister asks districts to account for funds received
NWOYA, August 14, 2024 – The Minister of Tourism, Wildlife and Antiquities, Tom Butime has asked districts hosting Murchison Falls National Park to ensure that they account for the funds received as…
Read More » -
Afreximbank and UDB sign project preparation financing agreement
NASSAU, August 13, 2024 – African Export-Import Bank [ Afreximbank ] and the government-owned Uganda Development Bank [UDB] have signed a Joint Project Preparation Facility Framework Agreement to provide early project preparatory…
Read More » -
Two arrested for printing and issuing counterfeit money in Lira City
LIRA City, August 13, 2024 – Two individuals are currently in detention at Lira Central Police Station for printing and distributing counterfeit money to the public. The suspects have been identified as…
Read More » -
Kapchorwa Parish Chief arrested for extorting PDM beneficiaries
KAPCHORWA, August 13, 2024 – The State House Anti-Corruption Unit, in collaboration with the police, has arrested a Parish Chief for allegedly extorting money from beneficiaries of the Parish Development Model [PDM],…
Read More » -
Hoima coop pursues gov’t for coffee seedlings
HOIMA, August 13, 2024 – Farmers under Kigorobya Coffee Farmers’ Cooperative Society Limited in Hoima district have appealed to government to provide them with coffee seedlings, saying it would boost production of…
Read More » -
IFFs hamper Uganda’s development, economists speak out
KAMPALA, August 12, 2024 – Illicit financial flows [ IFFs ] continue to stand in the way of Uganda’s economic growth, and development, according to some economists, and policy analysts. According to…
Read More »