Nothing but the truth
Nothing but the truth
European Investment Bank (EIB Global) and Centenary Rural Development Bank Ltd (“CERUDEB”) have announced the agreement to make over sh426bn (€100 million) available to private sector enterprises, with a focus on female borrowers and microenterprises in rural areas. A statement from EIB says the investment represents EIB Global’s largest-ever microfinance loan to any country in […]
Arua Central Police Station is holding five staff of Post Bank over the alleged theft of sh138m. The suspects include Leonard Lakwey, the Operations Manager, Walter Feni, the Customer Service Officer, Resty Lunkuse, David Tenywa, and Brian Olara Okidi, all banking officers at the branch. They were picked up upon returning to Arua from Post […]
Turkish real estate firm, VAAL Real Estate, has entered the Ugandan market with its flagship housing project dubbed CADENZA valued at approximately US$30 million. The construction works for CADENZA located in Nakasero, Kampala, are expected to begin next month. Executives said the project will be ready for occupation in 2027 but those with matching price […]
Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be heading to Nairobi, Kenya where she will take up the new role of Regional Head, Global Markets. Over the […]
Uganda on Tuesday issued stringent measures on the fishing of small pelagic fish (mukene) species in all the East African country’s water bodies. Hellen Adoa, the Minister of State for Fisheries, told reporters that the fishing of mukene will only be done using the scoop net fishing method (copacopa) and this should be carried out […]
Authorities in Nebbi Municipality are facing challenges in recovering over sh540m disbursed under the Emyooga program, a presidential initiative aimed at job and wealth creation, following the disappearance of at least 14 SACCOs without a trace. Local leaders report that the members of the affected SACCOs have parted ways after taking loans that remain unpaid. […]
Uganda Law Society (ULS) Extra Ordinary Meeting scheduled on Tuesday afternoon was stopped by The High Court in Kampala. The order issued by Civil Division’s Justice Musa Ssekaana followed a successful application by one of the members of Uganda Law Society Brian Kirima against his professional body where he said he was going to suffer […]
Government is set to import 10 million doses of vaccines to enable scaling up of ring vaccination as the fight to eradicate Foot and Mouth Disease (FMD) in Ugandan cattle enters a new phase. Cabinet chaired by President Yoweri Museveni on Monday also proposed that once ring vaccination is complete, farmers will start paying for […]
The Commercial Officer for Terego District, Apollonius Enima is on spot for failure to account for funds disbursed under Emyooga programme, a presidential initiative on wealth and job creation. Trouble for Enima, started on Friday during a community Baraza organized by the Office of the Prime Minister (OPM) at Otumbari secondary school in Odupi sub-county, […]
The loss-making trend at the New Vision Printing and Publishing Corporation Ltd, is expected to continue, reflecting the persistent hash market conditions for the media in Uganda. With several media houses still restructuring and reducing staffing levels and remuneration, the terrain seems not smoothing out yet, four years since the outbreak of COVID-19 and two […]
