NEWS

By Angella Abushede and Muthoni Karubiu The Preferential Trade Area Bank (PTA), also known as the Eastern & Southern African Trade & Development Bank, held a Bank Business Seminar at Sheraton Hotel in Kampala on the 27th of June. The event was organized in conjunction with the Uganda National Chamber …

By Stephen Kafeero GEMS Cambridge International School is set to join the growing list of international schools in Uganda and will open its first Ugandan campus this September in Butabika, Kampala. GEMS, the largest K-12 private education operator in the world has a global network educating 130,000 students from over …

By Joan Akello The officer in charge of the African Development Bank (AfDB), Jason Mosomi Mochache says the 2 year local currency bond that attracts 25 percent yield will finance infrastructure and develop African capital markets. It is noted that foreign currency denominated liabilities have frequently financed local currency activities …

By Stephen Kafeero In a drive to bring specialist health services nearer to the masses, the Association of Surgeons of Uganda  has today received a donation of Shs5 million from Umeme Uganda Ltd  as a boost to their week long campaign scheduled to take place in Teso Sub region. The …

By Joan Akello After delays over jitters of bribery amongst bidders and ministry of energy officials, government has contracted Sinohydro Corporation, a Chinese firm to construct the 600MW Karuma dam. It is estimated the project will cost $1.65 billion (about Shs 4.2 trillion) to develop the dam and a transmission …

s By Stephen Kafeero The Rwandan Ambassador to Uganda H.E Frank Mugambagye has refuted claims attributed to Rwandan students who fled to Uganda in pursuit of asylum, that they were being conscripted into the M23 rebel group among others as baseless and ridiculous. The diplomat who was speaking to the …

By Abushedde Angella An estimated 1.8 trillion Ugandan shillings is lost annually as a result of under nutrition according to the findings of a ground breaking study on the cost of hunger launched yesterday at Imperial Royale Hotel. The study was conducted by the government of Uganda with the support …

By Stephen Kafeero In a move to strengthen the cooperation between the German and Uganda Police in the fight against international terrorism and organized crime, the Uganda Police has today received a contingent of 4 vehicles and other communication equipment from the Federal Republic of Germany to support the Forensic …

By Julius Odeke The International Criminal Commission (ICC) Prosecutor Fatou Bensouda today formally opened an investigation into alleged crimes committed on the territory of Mali since January 2012. This decision is the result of the preliminary examination of the situation in Mali that the Office had been conducting since July …

By Ronald Musoke Maria Kiwanuka, the finance minister has said she expects all electricity users in Uganda to have pre-paid metres within two years as a new measure to check power theft. While speaking to members of the private sector at a post-budget analysis luncheon on June 14, Kiwanuka noted …