Five individuals, including four employees of Equity Bank Uganda, were placed under remand at Luzira prison on charges of money laundering related to the distribution of unsecured loans totaling Shs 62 billion to individuals who were deemed unqualified. The Anti Corruption Magistrate’s court heard the arraignment of the five suspects yesterday, where they were charged…
Out of the 18 million workers in Uganda who could save for retirement, only three million do so, according to the Uganda Retirements Benefits Regulatory Authority (URBRA). URBRA CEO Mr. Martin Nsubuga stated that only three million Ugandans save for retirement, leaving over 15 million uncovered, during the launch of a study for the establishment…
During their appearance before the parliamentary tourism, trade, and industry committee, officials from the Uganda Wildlife Education Center (UWEC) did not successfully defend the Shs 10 billion budget they requested for lion breeding in the next financial year. UWEC was criticized by committee chair Mr. Mwiine Mpaka for failing to justify their budget item, despite…
According to Gucci’s Paris-based owner Kering, sales in the first quarter are predicted to drop by 20% as a result of a slowdown in Asia. The warning stands in contrast to competitors Hermès and LVMH, whose sales have held steady. Although the luxury market has expanded over the last ten years, recent sales have not…
The Kabarole District and Fort portal city taskforce teams in charge of enforcing quarantine measures in response to the Foot and Mouth Disease (FMD) outbreak have relaxed restrictions to allow meat vendors to resume operations under strict guidelines. Following the FMD outbreak, Dr. Anna Rose Ademun, the commissioner of Animal Health, placed Fortportal City and Kabarole…
A new authority to harmonize the regulation and enforcement of food safety and quality standards is about to be introduced by the government through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF). At a three-day consultative retreat held in Entebbe over the weekend to discuss the principles of the Food and Agriculture Authority, the…
Private Sector Foundation Uganda and Busoga Kingdom have reached an agreement on a partnership that will benefit over 10,000 Busoga-based businesses through market networks, patient capital sourcing, capacity building, and other services as part of their joint efforts to support micro, small, and medium-sized enterprises. Get informed
As the nation gets ready for a severe heatwave in the upcoming weeks, South Sudan announced on Monday that all schools would be closed indefinitely. There is currently a heatwave in South Sudan that is marked by extremely high temperatures, between 41 and 45 degrees Celsius. Get informed
The finance minister of South Sudan was dismissed by President Salva Kiir without providing an explanation, despite the fact that the decision coincides with rising inflation and a significant decline in the value of the local currency relative to the US dollar. Get informed
Russia’s election on Sunday saw President Vladimir Putin win in a record-breaking post-Soviet landslide, solidifying his already firm hold on power and demonstrating that Moscow was correct to defy the West and send troops into Ukraine. Get informed
