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  Mbale, Uganda | THE INDEPENDENT | After PostBank (PBU) confirmed that the bank’s internal control mechanism had discovered counterfeit notes worth sh500million in Mbale branch, Uganda Police has arrested implicated staff, and where there were lapses in oversight of the branch operations, the bank has suspended the responsible staff pending …

Kampala, Uganda | THE INDEPENDENT | The Uganda Extractive‘s Industries Transparency Initiative Secretariat (UGEITI Secretariat) has again raised a red flag about the discrepancies in the country’s gold import and exports. UGEITI Secretariat hosted by the Ministry of Finance on Thursday release its report for Fiscal Year 2021/2022.  Like in …

    Kampala, Uganda | THE INDEPENDENT | The State Minister of Finance, Henry Musasizi, has spoken out on the money heist at the Bank of Uganda (BOU) in which over 60 billion shillings was reportedly siphoned from the institution’s accounts in September this year and channeled to foreign accounts. …

    CAIRO | Xinhua |  Remittances from Egyptian expatriates increased by 42 percent in the first nine months of 2024, reaching 20.8 billion U.S. dollars compared to 14.6 billion dollars during the same period last year, the Central Bank of Egypt (CBE) said on Monday. In September alone, remittances …

Many Ugandans Unaware of Alternative Cooking Methods Beyond Charcoal and Firewood – UNACC Kampala, Uganda | THE INDEPENDENT | Experts from the Uganda National Alliance for Clean Cooking (UNACC) have raised concerns about the lack of awareness among Ugandans regarding alternatives to charcoal and firewood. Sarah Babirye, Projects Manager at …

Hoima, Uganda | THE INDEPENDENT | The construction of the 1,443-kilometre East African Crude Oil Pipeline (EACOP),  is expected to provide 3,000 jobs to both Ugandans and expatriates. Currently, the EACOP construction is estimated to cost US$5 billion with its starting point at Nyamasoga village in Kabaale parish, Hoima district employing …

Assessment Proposes Creation of Independent Oversight Council Kampala, Uganda| THE INDEPENDENT | A regulatory impact assessment of the sugar industry has called for a significant overhaul in the management of the sugarcane sector. The assessment has also recommended a shift towards a more comprehensive approach that goes beyond sugar as …

The project will be implemented in 69 districts and will directly benefit about 2,850,000 individuals. Given that project intervention areas will also cover refugee hosting districts, about 50,000 refugees are expected to directly benefit from project activities bringing the total number of direct beneficiaries to about 2.9 million. Munyonyo, Uganda …

Kinshasa, DRC | THE INDEPENDENT | Over 250 delegates drawn from the host country DRC as well as Kenya, Uganda and Tanzania are in Kinshasa for a business-to-business conference to deepen understanding of trade in the region. Delegates attending the third Trade Mission to the Democratic Republic of Congo jetted into …

Africa’s Gen Zs, promised opportunity, innovation and new technology but faced with the very real world of a workplace in flux, constrained labour markets, high inflation and increasing criticism of their work ethic, are finding very little to cheer about. So a growing number of African universities are stepping in, …