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Tuesday, August 20, 2019

Govt planning to ban private ownership of Taxis in Uganda

In a bid to streamline public transport, the Government has introduced laws that will ban individuals from directly owning and operating public vehicles.

Gov’t loses Gold exports worthy 62Billions

The Government is counting losses to a tune of about sh62b ($16.95m) in royalties from gold exports from Uganda, according to a new...

Gen. Katumba -“Borrowing money by govt is healthy”

The act of the Government borrowing to finance infrastructure development is aimed at economic development, the Minister of State for Works, Gen. Katumba Wamala,...

Museveni gives his Final verdict on the UTL Saga

President Yoweri Museveni has said any decision involving the process of identifying a suitable investor in the effort to revamp Uganda Telecom (UTL) should...

“Suffer Alone, Don’t drag me into UTL saga,” Finance Minister Ajedra tells Anite

The state minister for finance in charge of general duties, Gabriel Ajedra, has distanced himself from the saga surrounding the management of...

The government gives 60 ICT innovators sh6b

Many residents of Kampala who have farms upcountry often worry about the health and safety of their herds. Such worries will soon be addressed...

Rwanda & Uganda in high-level talks over trade and Rebels

High-level talks to resolve the row between Uganda and Rwanda are going on with the key principals President Yoweri Museveni and his...

300 million tonnes of iron ore deposits confirmed in Uganda

The government has confirmed the existence of 300 million tonnes of iron ore, a strategic mineral needed for the development of the...

Ofwono Opondo says investigation is not about 90 billion extra money but on who...

Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of...

BoU Saga: Gov’t & BoU to print New Ugandan currency

Members of parliament have advised the government to embark on the printing of a new currency in order to save the image...

Summary: Pros & Cons of yesterdays budget

When talking about this budget, it is important not to underlook certain things that are fundamental to the performance of our economy.

“No president has developed Uganda as I have developed it during my presidency” -Museveni

President Museveni has urges Ugandans to disregard opposition members pleas that Ugandan economy is collapsing and revealed that actually its gaining momentum. "Despite being...

Parliament approves sh40.4 trillion for 2019/2020 budget

After a long budgeting process, Parliament yesterday passed the 2019/2020 national budget totaling sh40.4 trillion, up from sh32.7 trillion for the 2018/2019...

Alliance Global closed down over increased fraudulent

Security in Mbarara district has closed the operations of Alliance Global which is said to be a Ponzi scheme, for allegedly fleecing...

Business owners more important than politicians, says Museveni

President Yoweri Museveni has said the strength of the country to grow does not lie with either politicians, religious or traditional leaders but rather...

SHOCK!! Rwanda sends back trucks loaded with Ugandan goods

Three Ugandan cargo trailers that have been held up in Rwanda since early last month have been sent back to Kampala with the...

Finance ministry bosses who ate sh1b bribe have been jailed

Two officials of the Ministry of Finance, Planning and Economic Development have been convicted of corruption offences and sentenced to two years’ imprisonment.

Government to give Youths & women shs10M, here is how to apply

The Government will increase the operational funds for youth and women groups, the Minister of Gender, Labour and Social Development, Janat Mukwaya, has said....

URA’s shs13B system fails to track shs266B missing revenue

Two years after the launch of the Electronic Cargo Tracking System (ECTS), which cost tax payers billions of shillings, the Uganda Revenue Authority (URA)...

Uganda Airlines flights start in July

The revamped Uganda Airlines will start regional flights in July, about three months after delivery of two Bombardier CRJ900 jets, works minister Monica...

More Oil wells have been discovered in Elgon region

Oil seeps have been encountered in the Elgon region, indicating the potential existence of commercial quantities of oil and gas in northeastern Uganda. Honey...

Uganda Airline Planes arriving in 2 weeks

As part of efforts to revive the national carrier, Uganda Airlines, the company’s two Bombardier CRJ900 jets will touch down at Entebbe...

Ugandan traders excited by the Museveni-Kenyatta trade deal

Ugandan manufacturers and traders dealing in sugar, poultry, beef and dairy products have commended President Uhuru Kenyatta (Kenya) and his Ugandan counterpart Yoweri Museveni...

Mobile money subscription shoots up, banks stagnate

It is 10 years since the mobile money service was introduced in Uganda by MTN telecom. Following the innovation, other telecommunication companies joined the...

Closed borders won’t affect Uganda’s trade – Museveni

President Yoweri Museveni has described the closure of the Uganda-Rwanda border as a temporary issue, which should not stop Uganda from trading, using other...

Deported MTN ex-boss sues govt

The former chief executive officer (CEO) of telecommunications company MTN Uganda, Joris Wim Vanhelleputte, has dragged the Government to court, challenging his deportation.

Finance minister, PS clash over sh150b

A fresh controversy has rocked the finance ministry, with the Permanent Secretary and Secretary to the Treasury, Keith Muhakanizi, clashing with the finance ministers,...

Katuntu defends COSASE commercial banks probe report

In the run-up to last week’s release of the committee on commission’s statutory authorities and state enterprise’s (COSASE) report on the closure of seven...

“Whatever we did was in accordance with the law” Kasekende speaks out on COSASE...

The central bank has roundly rejected the findings of the parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) that there...

BOU governor’s powers should be trimmed – COSASE

The parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) has said the Constitution should be reviewed to stop the central bank governor...

Minimum Wage Bill wins legislators’ hearts on first day of debate

Parliament yesterday started debate on the Minimum Wage Bill which received overwhelming support of legislators from across the political divide. The private member’s Bill,...

Kiira Motors fail to account for sh24b car assembly plant

Legislators on the parliamentary committee of science, technology and innovation last week quizzed Kiira Motors Corporation (KMC) officials to account for sh24b released for...

SMEs must embrace digital technology to survive

Small and Medium Enterprises (SMEs) constitute the biggest segment of the business sector in Uganda. They employ in excess of three million people and...

Uganda & Rwanda lock horns over 32 tonnes of cement

Authorities at the Rwandan border have blocked a consignment of goods being exported to Rwanda, UGANDANZ has learnt. The goods three truckload...

More turmoil as MTN chairman Charles Mbire is Interrogated by security

Fresh details emerging from MTN have revealed that the telecommunications company chairman, Charles Mbire, has been quizzed over alleged espionage by the company staff....

Cooperative Bank owners demand accountability of assets from BOU

Almost 20 years down the road since Co-operative Bank was closed, shareholders and directors say they have since not had access to the evaluation...

NBC was illegally closed, say Mbabazi, Rukikaire

Six years since the National Bank of Commerce (NBC) was closed, the stakeholders and directors believe the Central Bank acted outside the...

Hwan Sung boss sold ghost land

Police in Kampala are investigating a land fraud case in which suspected fraudsters reportedly connived with officials of the land office at Wakiso district...

Experts : Uganda’s taxation system only making rich people more richer

The Government is increasingly turning to indirect taxes to increase revenue, but a new report has found that the move could be widening the...

M7 sets tough terms for MTN, wants NSSF to buy shares

The National Social Security Fund (NSSF) is set to buy shares in the multi-billion South African MTN telecom franchise. Talks to kick-start the shareholding...

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