Business
Why Uganda, 8 other countries joined BRICS partners
CAPTION: President Yoweri Museveni, left, with his Russian counterpart Putti. (File photo). By Our reporter MOSCOW, RUSSIA | TASS | Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Thailand, Uganda and Uzbekistan will become BRICS partner states from January 1, 2025, the Russian Foreign Ministry reported, adding that four other countries have received invitations.“From January 1, 2025, Belarus, Bolivia, Cuba, […]
NSSF assets hit a record Shs20 trillion
CAPTION: NSSF Managing Director Patrick Ayota. (File photo). KAMPALA — The National Social Security Fund (NSSF), Uganda’s national savings scheme, has reached Shs20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, according to the Fund’s 10-year Strategic Plan. According to a press statement in 2015, the Fund launched […]
Museveni bans police bond, vows to revive LDUs
CAPTION: President Yoweri Museveni. (Courtesy Photo). By Stephen Wandera Ouma RWAKITURA – President Museveni has issued a strict warning to those stealing coffee and other agricultural produce, describing such acts as sabotage against the country’s farmers and economy. Highlighting the impact of premature coffee harvesting and theft, Museveni pledged decisive action, including arming Local […]
Airtel Uganda hosts partners to breakfast meeting
CAPTION: Airtel Uganda officials and Partners pose for a group photo during the Airtel Uganda Partners Breakfast Meeting. (Coursey photo). KAMPALA – Airtel Uganda, a leading 4G telecommunications network held its annual partners breakfast meeting at its Bugolobi offices bringing together over 13 major network partners to reaffirm their shared commitment to delivering exceptional telecommunication services […]
Crack down illegal money lenders, gov’t told
PARLIAMENT – The Ministry of Finance, Planning and Economic Development has one month to respond to the citizens’ outcry over the online money lenders said to be harassing people including top government officials.The Deputy Speaker, Thomas Tayebwa, who is also a victim of harassment wants the government to crack a whip on the operations of […]
URA destroys contraband cigarettes worth sh1.6 billion
CAPTION: Contraband cigarettes being distroyed in Luwero. By Our reporterLUWERO – The Uganda Revenue Authority (URA) has destroyed contraband cigarettes valued at sh1.6 billion that were seized from smugglers. The destruction took place on Wednesday at Luwero Industries Limited in Nakasongola District. According to a press statement by Robert Kalumba, Assistant Commissioner for Public and Corporate […]
Govt launches interest-free fund for commercial farmers
CAPTION: A sorghum on large scale in eastern Uganda recently. By Our reporter KAMPALA – The government has launched a new 210 billion-shilling financing initiative targeting large-scale farming activities in the country. The Financing Scheme for Private Large Scale Commercial Farmers is designed to overcome challenges encountered by farmers seeking financial. It intends to provide […]
Museveni launches African continental free trade area
CAPTION: President Yoweri Kaguta Museven, (3rd left) with other government officials arrive to commission the Free Zones Export Facility at Entebbe International Airport on Monday December 16th 2024.(PPU Photo) By Steophen Wandera OumaENTEBBE – President Yoweri Kaguta Museveni has commissioned the Free Zones Export Facility at Entebbe International Airport and also launched the African Continental Free […]