Uganda on Tuesday issued oil production licences to the French group Total and British company Tullow. Energy Minister Irene Muloni said first oil production is now expected in 2020. Experts say the government hopes to earn $1.5 billion a year from oil exploitation, particularly from taxes, royalties and a 15% share of the benefits …
Read More »AGOA: Extension of access to US markets could be another lost opportunity
AGOA’s agony: Why 10-year extension of duty-free access to the US market could be another lost opportunity for Uganda When the US passed the African Growth and Opportunity Act (AGOA) 15 years ago, there was a lot of promise. Many African countries, especially the oil exporters, have registered substantial progress under …
Read More »Experts still wary of Uganda’s high interest rates
When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …
Read More »VIDEO: Ministry of Public Service decentralising pension cases
VIDEO: Pension scheme reforms are long overdue in Uganda. To many, the mention of pension quickly relates to struggles to access it, and many have reportedly been conned in the process of chasing their documents to have their accounts credited. To solve this, the Ministry of Public Service has now decentralized the system …
Read More »Minister Kibuule under fire after bank incident, responds to accusations
Women activists under their umbrella body the Uganda Women Network (UWONET) have demanded the resignation of State Minister for Water Ronald Kibuule for allegedly assaulting a bank female security officer who attempted to search him. Ronald Kibuule has denied the allegations, saying that all he did was caution the guard. He …
Read More »Makindye Court formally halts Kayihura case, waits for new directives
The Makindye Magistrate’s Court has today formally stayed criminal prosecution of the IGP Kale Kayihura and seven senior police commanders over torture charges. This follows last Friday’s Constitutional Court order. Presiding Grade one magistrate Juliet Nakitende ruled that the proceedings against Kayihura be halted until the lower court receives further …
Read More »Japan offers $116 million for Kampala metropolitan infrastructure
Japan has promised to provide a $116 million loan to improve Kampala metropolitan infrastructure. Japan is already involved in several projects aimed at improving the road network in Kampala, including building fly-overs. Japanese Prime Minister, Chinzo Abe gave the assurances at a meeting with President Yoweri Museveni at the 6th Tokyo …
Read More »Crime Preventers clean Gaba, celebrate Kayihura ruling
Thousands of Crime Preventers brought Ggaba in Makindye Division, Kampala to standstill on Sunday by engaging in community service and a celebratory march. The Crime Preventers, a group of youth mainly recruited in the past year to help in community policing, converged at St.Dennis Ssebugwawo SS Ggaba from all over the country. They started …
Read More »VIDEO: Besigye holds crisis meeting in UK
VIDEO: Rtd Col. Dr. Kizza Besigye, former presidential candidate for the Forum for Democratic Change (FDC), has briefed party supporters in London, UK on the political situation in Uganda. Addressing hundreds of waiting FDC P10 members at the Hilton Hotel in London, Besigye encouraged the supporters to remain hopeful change will …
Read More »Government plans practical training institute for journalists
The government intends to establish a practicing educational institution of higher learning for journalists to refine their skills as a way of enabling them to serve the public better through disseminating information. Minister of Information, Technology and Communications (ICT) and National Guidance Frank Tumwebaze argued that due to the critical …
Read More »