CAPTION: President Museveni and the Chairman of Sharjah Chamber of Commerce and Industry H.E. Abdallah Sultan and his delegation pose for a photo with other officials at the groundbreaking ceremony for the Kidepo International Airport in Karenga District. (PPU Photo) By Stephen Wandera Ouma KARENGA -“Now, Kidepo, which you wanted to destroy with goats, […]
CAPTION: Equity Bank client being served by an agent banker recently. (File photo). By Theresa Nalwanga KAMPALA – Walk into a small shop in Gulu or Mbarara around 8 a.m., and you will see something that did not exist five years ago. A mother hands over cash to pay her child’s school fees. The […]
By Our reporterKAMPALA – Ugandans and businesses will soon face tighter limits on cheque transactions and over-the-counter cash withdrawals following new measures unveiled by the Bank of Uganda (BoU) to reduce reliance on cash and accelerate the adoption of digital payments.In a circular issued to commercial banks, credit institutions, and microfinance deposit-taking institutions, the central […]
CAPTION: Managing Director, Absa Bank Uganda David Wandera, 2nd left, exchange documents with Managing Director, Standard Chartered Uganda, Sanjay Rughani, right, with offcials in Kampala May 28th 2026. (Courtesy photo). By Our reporterKAMPALA – Standard Chartered Bank Uganda and Absa Bank Uganda Limited have received regulatory approval from the Bank of Uganda for Standard Chartered Bank […]
CAPTION: President Yoweri Museveni, right, with Kenya President William Ruto during the launch of the Standard Guarge Railway in Kisumu recently. (File photo). By AgenciesBRAZZVILLE – The Vice President of the African Development Bank Dr. Abdul Kamara has reaffirmed the commitment by the bank to fund the Standard Guage Railway project in Uganda.Kamara, also the head […]
CAPTION: Rwanda’s President Paul Kagame is maintaining a balancing act in foreign relations, keeping ties with the United States, China, Europe, the Gulf and Russia while avoiding dependence on any single power [Issouf Sanogo/AFP] By AgenciesKIGALI – Rwanda’s new nuclear cooperation agreement with Russia may look technical on paper, focused on science, nuclear medicine and energy, but […]
CAPTION: Most Rev. Raphael P’Mony Wokorach, 2nd left, Archbishop of Gulu Archdiocese and Mr Fabian Kasi, 4th left, Managing Director, Centenary Bank and other officials commemorate cut a cake the launch of the Bank’s Kalongo branch Thursday May29th, 2026. (Courtesy photo). By Petra Amito KOLONGO – Centenary Bank has officially opened its Kalongo Branch […]
By AgenciesDODOMA: The Tanzanian government said it is committed to strengthen economic diplomacy in promoting investment, trade, tourism, education and employment opportunities so as to position itself as Eastern and Southern Africa’s business hub.Presenting the Ministry’s budget estimates for the 2026/2027 financial year in Parliament on May 26, 2026, Tanzania’s Minister for Foreign Affairs and […]
CAPTION: Burundi currency on display in the capital Bujumbura, recently. (File photo). By AgenciesBUJUMBURA – Burundi’s annual inflation rate fell from 45.5% to 10.8% Burundi’s annual inflation rate slowed sharply over the past year, falling from 45.5% in April 2025 to 10.8% in March 2026, according to the International Monetary Fund in a statement released on […]