More than 700 victims of DunamisCoins Resources Ltd, a crypto currency scan in Arua have petitioned for the intervention of President, Yoweri Museveni to allow them access their money, which has been frozen in two banks. Dunamiscoins ltd, which deals in bid coins, opened business in Arua town on September 1st 2019. However, it was by the Finance Intelligence Authority…
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The International Monetary Fund-IMF has slashed Uganda’s growth projection from 6.3% to 6% this year, citing the country’s challenges to get oil out of the ground and government’s inability to do all budgeted activities. After assessing the economy, the IMF said Uganda had challenges to raise money to carry out activities in the budget. This has made the country borrow…
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Makerere University has secured funds for Government-sponsored students. The money authorized through the University Subvention Account in Stanbic Bank on Monday is meant to cater for first batch of payment. Yusuf Kiranda, the Acting University Secretary says that 1.48 billion shillings and 860 million shillings has been secured for students’ meals and accommodation respectively. This is short of more than…
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President Yoweri Museveni has paid tribute to the former Kenyan President, Mzee Daniel Arap Moi who died on Tuesday morning at the Nairobi Hospital in Kenya. Mzee Moi, death was confirmed by his press secretary Lee Njiru who noted that the late passed on in the presence of his family members. While paying tribute, President Museveni noted that second Kenyan…
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By Roy William Mayega On January 24th, a young woman by the names Leila Janah passed away due to an aggressive form of tissue cancer. Leila was a social entrepreneur who employed thousands of desperately poor people in Africa and India in the fervent belief that jobs, not handouts, offered the best escape from poverty. She was only 37. What Leah…
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The Permanent Secretary/ Sectary to the Treasury (PSST), Keith Muhakanizi has revealed that government has earmarked a sum of Shs15b to fight the looming outbreak of Desert Locusts in the country. The Ministry of Agriculture, Animal Industry and Fisheries last month put Ugandans on alert over the impending outbreak after the desert locusts were reported in Kenya and seen in…
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Forum for Democratic Change (FDC) opposition party is set to hold her Presidential candidate elections at a national Delegates Conference scheduled for May/June 2020. While addressing the party’s weekly press briefing on Monday, the Party Spokesperson, Ibrahim Semujju Nganda said that the party’s Electoral Commission will after thorough preparations announce the date and venue for nominations. Semujju said that in…
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Butambala County MP, Muwanga Kivumbi and Dokolo Woman MP, Cecilia Ogwal have come out to rally other legislators to object to the proposal by government to recapitalize Bank of Uganda to a tune of Shs481.7bn. So as bridge the capital gap, the Central Bank has since requested government through the Ministry of Finance for recapitalization. It should be recalled that…
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A section of Mps are opposed to the new proposed curriculum saying it’s only destructive to Ugandan children instead of constructing them. The legislators included; Rubaga North MP, Moses Kasibante, Kalungu West MP, Joseph Gonzaga Sewungu, Makindye West MP, Allan Sewanyana and Nakaseke South MP, Paulson Lutamaguzi Ssemakula. These want the curriculum to be reviewed and halted until it’s fully…
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Rwanda and Uganda have agreed to refrain from engaging factors that may create the perception influencing a regime change in each other’s country and also exchange prisoners. This was resolved in the Luanda Head of States meeting set up to resolve the tense relations between Rwanda and Uganda which has now marked a year. In the quadripartite summit held…
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