Tag Archives: cash

  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 | Two suspected robbers linked to the killing of one person in Kampala’s suburbs of Luzira have been arrested by the Police. The two are believed to have been part of the gang that also injured another person after robbing seventy million shillings from a mobile …

BOU clarifies that currency notes bearing Dep Governor’s signature are genuine Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has clarified on the Deputy Governor’s signature on currency notes, allaying fears that the notes could be fake. Since last month, pictures of currency notes bearing the signature of Dr …

Kampala, Uganda | THE INDEPENDENT | The government kicked off the disbursement of Parish Development Model cash to beneficiaries around the world. The disbursement of the PDM cash was launched by the Vice President, Jessica Alupo on Wednesday last week in Kayunga district where money was sent directly to four SACCOs. …

Kampala, Uganda | THE INDEPENDENT | After moving in circles for over two years, private school teachers can now access the long-awaited COVID-19 cash bailout from government. In one of his national addresses on COVID-19 in July 2020, President Yoweri Museveni promised to provide a revolving fund worth Sh20 billion …

Kampala Uganda | THE INDEPENDENT | Chipper Cash has today launched a product that will enable Ugandans  invest in publicly traded global companies like Amazon, Tesla or Facebook. The launch of the Chipper’s Global Stocks Investing product makes it the first company to offer fractional stock investing in Uganda. The African fintech …

Kampala, Uganda | THE INDEPENDENT | The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze is discouraging donors from giving his ministry cash. Tumwebaze said cash donations are tempting and also items to be procured could take longer because of the procedures that must be taken such as domestic and international …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee-Local Government has recommended a forensic audit of the 53 Billion Shillings COVID-1 relief cash. This is after the committee chaired by Bar dege- Layibi MP Martin Ojara Mapenduzi uncovered gross irregularities. The joint parliamentary team, comprising the Public and Local Government …

Kabul, Afghanistan | Xinhua | The Taliban have handed over about 12.3 million U.S. dollars cash and some gold to Da Afghanistan Bank (DAB), the country’s central bank, a bank statement said on Thursday. The cash and gold bars found in the houses of former administration’s officials and local offices of former …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Third Deputy Prime Minister, Lukia Nakadama has said that government is coordinating with the gender ministry to ensure that all the eligible beneficiaries who did not receive the Covid-19 relief funds over inaccuracies in their personal data are paid. Nakadama who has embarked …