The price of cocoa has tripled in the last few months, much to the delight of farmers in the Busoga Sub-region. In several districts, the prices have increased from Shs8,000 to between Shs27,000 and Shs31,000 this year. Farmers who have previously lamented the low price of cocoa are thrilled about the development. Get informed
In a move that will cost the government Shs6.516 billion and result in the loss of seven jobs for staff, Parliament has combined the Uganda Export Promotions Board and Uganda Free Zones Authority into a single organization known as the Uganda Free Zones and Export Promotions Authority. This authority will be overseen by the Ministry…
Members of the Uganda Bankers Association (UBA) and PricewaterhouseCoopers (PWC) leadership have requested that the Parliamentary Committee on Finance reject the government’s plan to impose a 0.5 percent fee on cash withdrawals made through agent banking. The Ugandan banking community reasoned that the Excise Duty Amendment Bill, 2024, would obstruct government efforts to grow the country’s digital…
The proprietors of Pioneer Easy Bus company have requested 25 billion shillings from the government as compensation to vacate the parking lot at Namboole Stadium. The company claims to have obtained a 49-year lease for the land’s use from the Uganda Land Commission (ULC). The comes after the Speaker of Parliament Anita Among ordered to…
According to financial results for the year ended December 2023, Absa Bank Uganda has recorded a revenue increase of Sh64 billion, marking a growth of 15.6% compared to the previous year. This growth has led to a profit after tax of Sh146 billion. The surge in revenue is mainly attributed to a 42% increase in…
Speaking in response to the management of Lubowa Hospital delaying the PAC and Ministry of Health’s tour of the facility, The Public Accounts Committee (PAC) chairperson, Mr. Muwanga Kivumbi, has declared that Parliament will not back down from its efforts to hold the contractor for Lubowa Specialized International Hospital responsible. Mr. Kivumbi also demanded that the results of…
Anita Among, the Speaker of Parliament, visited the Mandela National Stadium in Namboole to inspect the construction site. Along with a group from Parliament, Among was given a tour by army officials under the supervision of state minister for sports Peter Ogwang. Speaker Among expressed satisfaction with the work completed by the Uganda Peoples’ Defence Forces…
African Medicines Agency (AMA) will be a specialized agency of the African Union. Its goal will be to increase access to high-quality, safe, and effective healthcare products across Africa by strengthening the ability of state parties and regional economic communities to regulate health products. Get informed
The United States declared on Friday that it had given Uganda assistance totaling more than $25 million (roughly Shs95 billion) for food security and refugees. As part of its obligations, the US government provides aid through the Department of State and USAID, its foreign development agency Get informed
President Cyril Ramaphosa of the Republic of South Africa is expected to arrive in Uganda today for a two-day working visit. The goal of the visit is to further develop the strong bilateral ties that already exist between the Republic of South Africa and the Republic of Uganda. President Museveni traveled to South Africa in February of last…
