Tag Archives: Uganda

It now joins Stanbic, Stanchart, DFCU, DTB that have also recorded surge in profits in 2016 Uganda’s commercial banks spent almost the entire of last year worried about making money in a rather challenging economic environment that was characterised by high interest rates amidst slow economic activities. But they seemed …

COMMENT: What would happen if you woke up tomorrow and found that your boss had doubled your salary? Well, on January 5 1914, Henry Ford doubled salaries for all his employees. That simple fact revolutionized the auto industry. Ford’s actions may noy have been led by altruistic intentions but he …

Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …

Ethiopia’s Adwa is holy place, it removed shame from Africa – Museveni Hundreds gathered in Ethiopia’s Northern town of Adwa on Sunday to commemorate the defeat of Italian troops by Ethiopian forces in 1896. African leaders and several delegates, who had just attended the 6th Tana High Level Forum on Security …

The Judicial Service Commission has kicked off the search process for the next Deputy Chief (DCJ) Justice to replace Steven Kavuma whose term ends in September this year. The commission has advertised the highly regarded position and a few justices have been tipped for the job. Article 143 (1b) of …

Here is why Ugandans are poorer today than yesterday There is more bad news for the Uganda economy this April. According to the latest figures from the Uganda Bureau of Statistics (UBOS) and the Central Bank, the economy will not achieve the targeted 4.5% growth this financial year. It will …

Figures from the 2014 National Population and Housing Census show that, in the last 10 years, the percentage of Ugandan identifying as Catholics has declined from 41.6% in 2002 to 39.3% of the general population.  In the 1991 census, however, the number identifying as Catholic was estimated to be between …

Property mogul Sudhir Ruparelia is reeling from yet another loss after Bank of Uganda shut down four forex bureaus belonging to him. In a statement BOU issued, the owners of the forex bureaus closed made no effort to renew them after their licenses expired on Dec 31. Two of the …

Nairobi, Kenya | AFP | A new malaria vaccine will be tested on a large scale in Kenya, Ghana and Malawi, the World Health Organization said Monday, with 360,000 children to be vaccinated between 2018 and 2020. The injectable vaccine RTS,S could provide limited protection against a disease that killed …

FDC stalwart Salaamu Musumba suffered another election defeat in less than two years when she lost out to NRM’s Rehema Watongola, her arch rival for the Kamuli Municipality seat. Watongola won the seat in 2016 and Musumba petitioned citing voter bribery and election malpractice. The bye election was tightly contested …