British oil giants Tullow oil have extended their oil exploration interests in East Africa a north higher with the acquisition of a 50% stake in the East Africa Rift Basins of Kenya and Ethiopia from Canadian oil firm Africa Oil Corp. The companies announced today in separate statements that they had agreed on the deal […]
The East African Community and the Lake Victoria Basin Commission have organized the first-ever EAC Lake Victoria Basin Investment Forum, planned December 1st-5th 2010. The investment forum will take place in Mwanza, Tanzania under the theme “Realizing Economic Benefits in the EAC Common Market through the Lake Victoria Basin”. According to a statement from the […]
The Minister of Uganda for Micro finance, Ruth Nankabirwa has urged Ugandans not to save their money in unregistered microfinance institutions. Nankabirwa says there are many unregistered Savings and Credit Cooperative Societies (Saccos), which promise people high interests. She urges the members of the public to save money with only registered financial institutions to avoid […]
The Next CEO A successful business man was growing old and knew it was time to choose a successor to take over the business. Instead of choosing one of his Directors or his children, he decided to do something different. He called all the young executives in his company together. He said, ‘It is time for me […]
The Private Sector Foundation Uganda is set to focus on equipping famers with skills in agri-business and value addition focusing on agriculture financing and other policy issues that affect the sector in their Eastern Uganda Economic Empowerment week next month. The will run from 23rd to 26th September under the theme “Land Management and value […]
Job Title: Senior Internal Auditor; (1 position- Tenure: Up to 3 years) Reporting to: Head of Internal Audit Scope The Senior Internal Auditor will be responsible for conducting individually, or as part of a team, operational, financial and credit audit engagements as well as leading the Bank’s effort in investigating allegations and suspicions of fraud […]
Job Title: Communications and Public Relations Officer (1 position- Tenure: Up to 3 years) Reporting to: Director General Scope Reporting to the Director General, the Communications and Public Relations Officer will be responsible for planning, preparing and implementing public relations and corporate communication programmes to publicize the work of the East African Development Bank (EADB) […]
Job Title: Head, Information and Communications Technology advertised as Manager, Information Technology (1 position – Regional Role based in Kampala- Tenure: Up to 3 years) Reporting to: Director General Scope The Head of Information and Communications Technology has the overall responsibility for the effective management of the ICT function within the East African Development Bank […]
The Central Bank has announced it has upgraded its system to expeditiously process payments for public servants’ salaries. The Bank of Uganda Banking System is meant to reduce delays and ensure timely payment and improve efficiency in the public sector. According to the public service guidelines, public servants are supposed to be paid by the […]
Uganda Communications Commission (UCC) says it recently started a five-year plan that will ensure that all people in Uganda access cheap modern communication services. The UCC plan is dubbed; ‘Rural Communications Development Fund II (RCDF II). The chairperson of RCDF II, Dorothy Okello says the UCC plan started in 2010 and will end in 2014. Okello […]