Kampala, Uganda | THE INDEPENDENT | Uganda Wildlife Authority has raised the cost for gorilla trekking permits to USD 800 per person, up from presently USD 700 effective July 1, 2024. East African foreign residents will have to pay USD 700 per person, up from presently 600 US Dollars per person …
Read More »Govt to adopt tough borrowing measures, bans Eurobond issuance
Kampala, Uganda | THE INDEPENDENT | The government of Uganda has admitted that it has broken several public debt safety points but now seeks to correct the situation through the new five-year Public Debt Management Framework. The framework (PDMF) drawn by the Ministry of Finance, Planning, and Economic Development is …
Read More »World’s 20 fastest-growing economies in 2024
Uganda listed among Africa countries dominating the list, according to the African Development Bank ANALYSIS | AGENCIES | Africa dominates list of the world’s 20 fastest-growing economies in 2024, according to a macroeconomic report the African Development Bank says in its latest macroeconomic report. The African Development Bank Group said in …
Read More »EU deforestation law means uncertainty for African coffee
Ethiopia and Uganda already developing strategies to meet the EU’s new requirements ANALYSIS | AGENCIES | Many African smallholder coffee farmers, who primarily sell their harvest to European markets, now find their main source of income in jeopardy. In 2023, the European Union (EU) established mandatory rules for companies dealing in …
Read More »132KV Gulu Agago power line commissioned
New project will save Uganda $2.5m of monthly energy costs Kampala, Uganda | IAN KATUSIIME | Power supply in northern Uganda could finally be stable and efficient after Uganda Electricity Transmission Company Limited (UETCL) commissioned a 132KV transmission project at the Agago sub-station in Pader District. Named the Gulu Agago power …
Read More »Uganda exits FATF grey list, bolstering global financial reputation
Initial listing in 2020 followed accusations of an inadequate commitment to tackling money laundering activities and terrorist financing Kampala, Uganda | THE INDEPENDENT | Uganda has been officially delisted from the Financial Action Task Force’s (FATF) “grey list,” a catalog of jurisdictions under scrutiny for inadequate measures against money laundering and …
Read More »International Banking services launched in Uganda
Kampala, Uganda | THE INDEPENDENT | Ugandans are now able to open, monitor and do their banking transactions in other countries, without having to fly out. This follows the launch of International Banking by Standard Chartered, in a move aimed at connecting their branches in more than 20 countries, including Uganda. …
Read More »Financial Crime: Uganda struck off International Grey list of FATF
Kampala, Uganda | THE INDEPENDENT | Uganda has been struck off the Grey List of the Financial Action Task Force (FATF), a categorization that risked the Ugandan financial industry being blacklisted. The FATF Grey List acts as a warning to a country that other countries, authorities and the international community will …
Read More »CEO Anne Juuko set to exit Stanbic bank Uganda
Kampala, Uganda | THE INDEPENDENT | Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be heading to Nairobi, Kenya where she will take up …
Read More »UWA rangers urged to embrace tech in battle with poachers
Kampala, Uganda | THE INDEPENDENT | While technology is playing a leading role in conserving endangered wildlife specie, Ugandan rangers are on the other hand reluctant or not interested in acquiring those skills. The lack of support by some of the development partners to fund technology-led initiatives has further aggravated …
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