Traders suffer losses as security forces continue deployment

The leadership of Kampala City traders has voiced worries that many shopkeepers are now idle as a result of potential customers being scared away by the increased security deployment that followed anti-graft protests. Movement restrictions on the roads that lead to the parliament have seriously damaged businesses. The requirement for national identification cards for anybody…

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Rwandan minister dismissed over “matters of accountability”

Just over a month after her appointment, Rwandan President Paul Kagame fired Public Service and Labor Minister Jeanne d’Arc Mujawamariya on Thursday due to “matters of accountability under investigation.” As per President Kagame’s declaration, Mujawamariya “has been dismissed from her position owing to matters of accountability under investigation,” according to Prime Minister Edouard Ngirente. Prior…

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Government to Reverse Policy on Districts Remitting Local Revenues to Treasury

According to the minister of local government, the government is thinking of rolling back an order mandating that districts send the national treasury all locally generated income. This follows district leaders’ repeated complaints that the directive isn’t delivering services since quarterly releases aren’t being remitted on time. According to Minister Magyezi, the parliamentary resolution to revoke…

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Eritrea suspends Ethiopian Airlines Flights, citing luggage theft and price hikes

Ethiopian Airlines has ceased operating any flights into Eritrea’s airspace as of right now after a suspension from the Eritrean authorities. Ethiopian Airlines was accused by the Eritrean Civil Aviation Authority of engaging in “consistent and persistent malicious trading practices” in a statement. The airline was also accused of conducting a “systematic and organised passengers’…

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Museveni sends Two Bills Back to parliament for re-examining.

The Higher Education Students Financing (Amendment) Bill, 2024 and the National Commission for UNESCO (Amendment) Bill, 2024 have been returned to Parliament by President Museveni for further consideration. Museveni claimed in a letter read by the Deputy Speaker, Thomas Tayebwa, during the House meeting yesterday that the National Commission for UNESCO Bill creates a department rather than…

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UDB’s net profit increased by 17%, reaching Shs50 billion in 2023.

The national development finance institution of Uganda, Uganda Development Bank Ltd. (UDB), which was named the Best Bank in East Africa 2024, has released its 2023 annual performance report, emphasizing its ongoing contribution to the promotion of sustainable growth and resilience in several important economic sectors. The Bank’s post-tax (net) profit in 2023 was UGX…

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Museveni launches Lake Victoria logistics to cut fuel costs

President Yoweri Museveni  yesterday officially opened the Lake Victoria Logistics complex in Kawuku Bwerenga. This project involves employing oil tanker ships to carry and store oil from the port of Kisumu to Entebbe. Museveni says it would be extremely beneficial for the nation to no longer import petroleum only via road transportation Museveni noted that there…

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Museveni Signs VAT and NGO Amendment Bills into Law

Nineteen bills recently passed by Parliament have received the assent of President Yoweri Museveni. These comprise the bills for NGO amendments and VAT. Nonetheless, he sent two bills back to Parliament for more review. These include the Higher Education Students Financing (Amendment) Bill, 2024, and the National Commission for UNESCO (Amendment) Bill, 2024. The Value…

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