The News Today

The Bank of Uganda has with effect from today taken over management of Crane Bank Limited. According to a statement, the action has been taken upon the determination by the Bank of Uganda that Crane Bank Limited is significantly under-capitalised. BOU has appointed a statutory manager, Edward Katimbo Mugwanya,  to …

AFCON2017 DRAW Group A – Gabon, Guinea Bissau, Cameroon, Burkina Faso Group B -Algeria, Zimbabwe, Senegal, Tunisia Group C – Ivory Coast, Togo, Morocco, DRC Group D – Ghana, Uganda, Egypt, Mali January 17  – Uganda vs Ghana January 21– Uganda vs Egypt January 25  – Uganda vs Mali Uganda Cranes will come up …

Minister for Kampala Beti Olive Namisango Kamya Turomwe today announced KCCA shall immediately embark on an exercise she says aims to restore trade order, traffic order and development control in the city. Kamya said therefore, illegal street vending activities will be stopped by Kampala Capital City Authority (KCCA) “because they affect …

Kigali, Rwanda | AFP |  Moroccan King Mohammed VI on Wednesday began a tour of east Africa to shore up support for a historic bid to rejoin the African Union after more than three decades. The visit, kicking off in Rwanda and set to take in Tanzania and Ethiopia, also …

The first week of October has not been smooth sailing for the Uganda shilling.  By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …

Surge in prices could cause inflation flare up, squeeze Ugandan economy further – experts Uganda’s consumer price inflation fell more than expected in the past three months to September, thanks to a huge drop in non-food prices during the period, but economists say the downward trend is unlikely to be …

American to build refinery? Deal could be blow to sanction-strapped Russians Technocrats at the Energy Ministry and the Ministry of Finance who are working on the country’s pet project, the US$4 billion oil refinery, have learnt to stay cool under pressure. Behind their cool fronts, however, they are working in …

Nairobi, Kenya | AFP |  Kenya Airways, already facing financial difficulties and a threatened pilots’ strike, cancelled five flights on Sunday after outsourced cabin crew walked off the job. While the stoppage only involved a small number of workers, it coincides with a deep malaise at the airline, which in …

Johannesburg, South Africa | AFP | Uganda’s number one goalkeeper Dennis Onyango is among 30 nominees named for the 2016 African Player of the Year football award. Onyango plays for Mamelodi Sundowns of South Africa who moved closer to a fairy-tale CAF Champions League title with a 3-0 home victory over Zamalek of …

Muhanga, Rwanda | AFP |  “Three, two, one, launch!” And with that, catapulted from a ramp, the small fixed-wing drone buzzes into the air towards its pre-programmed destination, the Kabgayi hospital two kilometres away. On Friday Rwanda inaugurated a drone operation that its backers hope will kickstart a revolution in …