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Forty university students picked for new Equity Bank Uganda innovation hub
Clare Gatabi Tumwesigye, Head Marketing and Corporate Communications, Anthony Kituuka Managing Director, Elizabeth Wahito and Elliud Njogu from E & M Technologies pose a photo with ELP Scholars at Eureka Place Hotel in Ntinda.
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Construction of Katonga bridge to start in October
PARLIAMENT – The Minister for Works and Transport, Gen. Edward Katumba Wamala, has revealed that construction of a new bridge at the River Katonga along the Kampala-Masaka Highway will commence in October this year.He made the revelation while responding to a matter of national importance raised by Kashari North County Member of Parliament, Hon. Basil […]
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NSSF Assets hit a record Shs 20 trillion
By Our reporterKAMPALA – The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Shs20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, according to the Fund’s 10-year Strategic Plan.In 2015, the Fund launched the 2015-2025 Strategic Plan, with a key strategic objective to grow the Fund’s […]
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Todwong calls for more markets for local products
By Our reporterKAMPALA – The National Resistance Movement (NRM) Secretary General Mr Richard Todwong has called for expanding regional markets to accommodate the increasing local production.“There has been increased production of goods among the people in the villages due to Emyooga and the Parish Development Model initiatives but limited markets and low prices remain the […]
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Museveni Warns New Auditor General
Our reporterENTEBBE – President Yoweri Kaguta Museveni has sworn in Mr. Edward Akol as the new Auditor General in a ceremony that took place at State House Entebbe on Tuesday, July 22nd, 2024. The Head of Public Service and Secretary to Cabinet, Ms. Lucy Nakyobe Mbonye, administered the oath.Speaking shortly after the swearing-in ceremony, President Museveni congratulated Mr. Akol, before […]
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URA destroys 180 tons of smuggled goods
Uganda Revenue Authority (URA) has destroyed 180 tons of smuggled goodsThe items that were destroyed at Luwero Industries include cosmetics, used underwear garments, beer, wines, and spirits, computers, and drugs, among others.“These items were confiscated and collected over some time, more than just one year of enforcement operations. If we were to value them, they […]
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Government Is urged to Start Microfinance Bank
By Stephen Wandera OumaKAMPALA – The Ministry of Finance Planning and Economic Planning has plans to set up the Uganda Microfinance Development Bank (UMDB), “I have instructed the technical staff to initiate the process of starting UMDB to address the need for capital for small businesses. Uganda Development Bank Limited (UDB) only caters for big investments,” he said.Mr […]
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Museveni commends Lyca Mobile’s services
By Our reporterENTEBBE – President Yoweri Kaguta Museveni has welcomed a delegation of investors from Lyca Mobile Telephone Company during their courtesy visit to State House Entebbe.Led by the Chairman of the company, Mr. Subaskaran Allirajah, the delegation included the Minister of Information and Communications Technology (ICT) and National Guidance, Dr. Chris Baryomunsi, and the […]
Kasaija on spot over companies cash bailout
PARLIAMENT – Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises have tasked the finance ministry to present documentation on the criteria used in granting bailouts to companies in financial crises.According to the committee chairperson, Hon. Medard Sseggona, companies belonging to foreign investors have mostly benefitted from bailouts compared to companies belonging to […]
Museveni donates motorcycles to boda bada
By Our reporterNKUMBA – President Yoweri Kaguta Museveni has today fulfilled his pledge of 20 new motorcycles to Boda-boda Associations in Nkumba Parish, Wakiso District. The motorcycles were delivered by the State House Comptroller, Ms. Jane Barekye in a colourful ceremony held in Bendebere Village, Nkumba.The beneficiaries included Nkumba Bufulu National Resistance Movement (NRM) Mobilizers […]
Budget Speech 2024-25 as MPs Flee Arrest
Increase excise duty on petrol by Shs 100 per liter.Increase excise duty on diesel by Shs 100 per liter.Increase excise duty on imported wines from 80 percent or Shs 8,000 per litre to 100 percent or Shs 10,000 whichever is higherWinnersShs 50 billion for Presidential Initiative on Banana Industrial DevelopmentShs 723 billion equity acquisition Dei […]
Rubaga youths tipped on development skills
By Our Reporter RUBAGA – Beneficiaries of the Presidential Initiative on Skilling the Girl and Boy Child (PISGBC) project have been advised to use the acquired skills to develop themselves. “You must ensure that the products you make are of high standards and good quality. Even when you are modelling or showcasing your fashion designs […]
Police cautions against new fraud racket
NAGURU – Police have warned the public against a new wave of fraud stars. According to Enanga Fred, Police Spokesperson the Directorate of CID is actively investigating a new racket of fraudsters behind imposter phone calls.“The impersonate masquerade as Very Important Persons (VIPs), prominent government personnel and or business persons, and billing officers at utility […]
Uganda emerges best Africa’ investment destination
By Our reporterKAMPALA – Uganda has beat six other nations to emerged the best investment destination in Africa. The award was handed to President Yoweri Kaguta Museveni on Monday 20th May 2024 after the recent global investor award gala dinner at the Abu Dhabi National Exhibition Centre (ADNEC) as part of the 13th edition of […]
Pilots Demand Better Training for Boeing 737 MAX
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5G Technology is Coming with an Increase in Your Wireless Bills
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Canada’s Viola Desmond $10 Bill Wins International Banknote of the Year
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