The Parliamentary Committee on Finance, Planning and Economic Development, has concluded a five-day visit to customs border stations in Northern and Eastern Uganda. The Committee chaired by Hon Henry Musasizi (Rubanda County East) visited the customs border stations of Busia, Malaba, Elegu, Afogi, Oraba, Lia, Vurra and Pakwach. The field visit, which ended on Sunday, […]
The public Accounts committee of parliament has grilled the officials led by the undersecretary in the Ministry of Defence, Edith Buturo, over 718 billion shillings arrears that remained unpaid at the close of the financial year 2015/17. The funds were meant to clear delayed payment of over 8,000 retired army officers their gratuity and pension, land compensation […]
MTN in partnership with networking equipment provider Ericsson launched the first 5G trial in South Africa last November and found that the technology is at least 100 times faster than 4G The group unveiled Africa’s quickest mobile download. This follows the signing of a memorandum of understanding with Ericsson at AfricaCom, an industry event in […]
The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox, and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions. The deal includes Fox’s 39% […]
The parliamentary committee on trade and Industry is set to meet President Yoweri Museveni mid-this month to discuss matters regarding the Sugar Bill 2016. The committee chairperson, also Fort Portal Municipality MP, Alex Ruhunda, says that among other things to be discussed with the President on the 18th of December is to see how the […]
Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned. Government spending and foreign debt are too high and it needs structural reform, Zimbabwe mission chief Gene Leon said.The once-thriving economy is now seen as a regional basket case. “The economic situation […]
The Bank of Uganda officials led by the deputy governor bank of Uganda Louis Kasekende were grilled before the parliamentary committee on commissions, statutory Authorities and state enterprises over hiring external lawyers to battle court cases which are against central bank. The committee chaired by the MP for Bugweri county Abdul Katuntu had summoned the […]
With government moving slowly on having the country connected to the digital, Startimes Uganda, a digital pay TV, is moving ahead by connecting Ugandans who are in areas where government has not yet transited to the digital system. The vice president and head of marketing at Startimes, Audrine Nsubuga, revealed that using this plan they […]
Stanbic Bank won an unprecedented five accolades including the overall Gold award at the 2017 Financial Reporting awards held at the Serena Hotel in Kampala. This was a record the fourth time for Stanbic to win the Annual Report of the Year. Some of the accolades won by Stanbic Bank were, Best Banking Services Category, Best Listed […]
Government has pledged to meet all the required parameters required for export of Uganda coffee. This was disclosed by the minister of state for Agriculture Christopher Kibanzanga while speaking at the coffee stakeholders meeting held at Kampala Serena hotel which attracted standards officials from Sudan government. He said that government will enhance the technical and […]