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News
Price of eggs shoots up in Mbarara as poultry farms close
MBARARA- For the last three months, the price of eggs in Mbarara City has been rising, pushing some wholesalers and retailers out of the business. According to Denis Tindyebwa, a wholesaler of…
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Finance & Banking
Housing Finance Bank Uganda eases trading as it unveils gov’t securities portal
KAMPALA-Housing Finance Bank Uganda has launched the government securities portal for customers who invest in treasury bonds and bills to help government raise funds for its development activities. In 2020, the Bank…
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International
RBI asks Indian co-op banks to appoint compliance officers
NEW DELHI– Urban Co-operative Banks [UCBs] in India are now required by the Reserve Bank of India [ RBI ]to appoint Chief Compliance Officers [CCOs] if they are to do business better,…
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East Africa
Steps towards harmonised policy for e-Commerce in region begin
LILONGWE -The Eastern Africa-Southern-Africa and Indian Ocean [EA-SA-IO] region is focusing on developing a regional model policy and regulatory frameworks for e-Commerce, which will in turn facilitate several economic activities and contribute…
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Agriculture
Prominent Nebbi grapes farmer suffers loss due to prolonged dry spell
NEBBI-Oswald Onencan Mugumba a grapes farmer in Mbaro East village in Nyaravur-Angal town council, Nebbi district was expecting to reap big from his grapes orchard, but due to prolonged dry spells, actual…
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Technology
Airtel to commence 5G deployment from August
NEW DELHI-Bharti Airtel [ Airtel ] has signed 5G network agreements with Ericsson, Nokia, and Samsung to commence 5G deployment in August 2022. Airtel has had a long-standing relationship for connectivity and…
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International
Co‑ops help tackle mental health issues experienced by young people-new report
LONDON– Offering Hope to Future Generations, a new report from trade body Co-operatives UK, finds that mental health, job security, career prospects, a lack of control over working lives, and climate change…
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News
BoU urges WorldRemit clients to submit claims
KAMPALA– The Bank of Uganda [BoU] on Monday asked WorldRemit customers to submit to it the outstanding claims of monies given for remittance purposes to WorldRemit Money Transfer [U] Limited by July…
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News
Amuru rice dealers on the spot over cheating customers
AMURU– Rice buyers at Pabbo town council located along Amuru- Elegu- South Sudan Highway, have raised a red flag as the dealers have made it a habit to cheat them through fake…
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International
Indian bank penalised for upgrading loan accounts without recovery
NEW DELHI– According to several Indian news outlets, Bassen Catholic Cooperative Bank [UCB], Vasai is regretting why it did not adhere to the recently issued directives governing accounting processes. This is after…
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