President Yoweri Museveni has received and held a meeting at State House, Entebbe, with a delegation from the Rockefeller Foundation led by Foundation’s president Dr. Rajiv Shah. The Foundation CEO has prioritized the East African Region since he took office on March 1st this year. The Rockefeller Foundation support …
Read More »Banks setting up company to wipe off bad loans
Banks setting up company to wipe bad loans off their balance sheets After years of struggling to cope with borrowers failure to pay loans, Ugandan commercial banks have come together to form a joint company to deal with the problem on their behalf. Formation of the company currently called the …
Read More »Nakumatt embarks on Shs51.1billion cost cutting drive
Two outlets to be closed in Kampala in the new plan Regional retail chain, Nakumatt Holdings, is targeting Ksh1.5billion (Shs51.1bn) in cost cuts annually with the closure of several branches across East Africa starting this month. The chain has already closed Katwe outlet in Kampala over accumulated rent arrears estimated …
Read More »Museveni sets new SIM-card deadline of August 30, 2017
President Yoweri Museveni has extended Uganda’s SIM-card registration deadline from May 19 to August 2017. “I chaired the NRM Caucus today where some Members of parliament (MPS) appealed for more time for SIM card registration despite the passing of the earlier deadline,” Museveni said on twitter. “I’ve agreed to this proposal …
Read More »KCCA seek first points against dreaded Africain
Home form gives Nigerian club hope as KCCA seek first group stage points Johannesburg, South Africa | Impressive home form in Africa gives Nigerian club Rivers United and Uganda’s KCCA FC hope of getting back on track this week in the CAF Confederation Cup. The Port Harcourt outfit host Group …
Read More »President Museveni urges unity in diversity in South Sudan
President Museveni urges unity in diversity in South Sudan as worlds’ youngest nation embarks on national dialogue to stop the war Juba, South Sudan| PPU| President Yoweri Museveni has urged the people of South Sudan to embrace unity for prosperity and development warning that the misuse of identity can …
Read More »Kiir opens South Sudan dialogue with unilateral ceasefire
KIIR: Everybody is welcome to participate in the national dialogue except Riek Machar. Riek Machar will come and cause another war in Juba Juba, South Sudan | AFP | South Sudan’s President Salva Kiir declared a unilateral ceasefire Monday as he launched a national dialogue, a controversial bid to end …
Read More »Azerbaijan are tops, Uganda 33rd as Islamic Solidarity Games end
Baku, Azerbaijan | AFP-Services (text stories) | The fourth Islamic Solidarity Games ended in Baku on Monday with hosts Azerbaijan topping the medals table after a relentess 11-day long battle with neighbours Turkey. Oddly enough, the Azeri team came up empty handed in terms of gold medals on the final …
Read More »VIDEO: Chris Obore explains why parliament has summoned Tumwebaze
FULL VIDEO: Chris Obore, the Director, Communication and Public Affairs at Parliament of Uganda explains to NBS TV why Parliament is summoning ICT Minister Frank Tumwebaze for ‘defying’ the house on deadlines for SIM-card registration. Tumwebaze maintained the deadline last Friday, a day after Parliament had recommended it be pushed …
Read More »INTERVIEW: Boosting accountancy profession
Rachel Grimes is the President of International Federation of Accountants (IFAC), the global umbrella body for all accountants. The Independent’s Julius Businge spoke to her at the opening of the five day 4th Africa Congress of Accountants (ACOA) held in Kampala from May 2-5. How important is this meeting to …
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