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Tag Archives: Uganda

Uganda’s economy sound, says IMF

The economy isn’t in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment. Speaking at the conclusion of a two-week’s 7th review of Uganda’s economic programme under the Policy Support Instrument (PSI), Axel Schimmelpfennig, the IMF Mission chief, said the country’s prospects …

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Lungu goal gives Zambia victory in Uganda

Johannesburg, South Africa | AFP |  Zambia edged hosts Uganda 1-0 on Tuesday in a warm-up match for both countries ahead of 2018 World Cup qualifiers this weekend. Chisamba Lungu, a 25-year-old attacking midfielder who plays in the Russian Premier League, scored the winner on 25 minutes in Kampala. What …

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Archbishop Ntagali wins West Ankole Diocese court case

The High Court in Kampala on Tuesday ruled that the Archbishop of  the Church of Uganda Stanley Ntagali lawfully took over  the episcopal jurisdiction of West Ankole Diocese. Justice Lydia Mugambe said that under Canon Law, Ntagali has powers to take over the seat of any vacant diocese until a new …

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Museveni in Addis for AU meeting on Libya crisis

  President Yoweri Museveni is in the Ethiopian capital Addis Ababa on a two day working visit to the Africa Union Commission, where he will attend an African Union High Level Committee meeting on Libya. Museveni headed straight to the AU Headquarters where he joined other other presidents  attending the AU …

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Commercial banks lower lending rates

The major commercial banks in the country have released statements, lowering their prime lending rates, the lowest lending rates for the best customers to between 21% and 23% per annum. This is in response to Bank of Uganda’s recent decision to lower the Central Bank Rate last month from 14% …

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