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The News Today

Onyango’s Sundowns are African champions

Fairytale African triumph for Sundowns, Onyango first Ugandan continental trophy winner Alexandria, Egypt | AFP | Mamelodi Sundowns of South Africa won a fairytale first CAF Champions League title on Sunday despite a 1-0 second-leg loss to Zamalek of Egypt in Alexandria. A Stanley Ohawuchi goal on 64 minutes was not …

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Arms deals with Europe, Israel fuel South Sudan war

United Nations, United States | AFP |  A UN panel of experts has found evidence of “well-established networks” of arms suppliers in Eastern Europe and the Middle East that are fueling the war in South Sudan. In a confidential report to the Security Council obtained by AFP on Thursday, the …

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Bank of Uganda takes over management of Crane Bank

The Bank of Uganda has with effect from today taken over management of Crane Bank Limited. According to a statement, the action has been taken upon the determination by the Bank of Uganda that Crane Bank Limited is significantly under-capitalised. BOU has appointed a statutory manager, Edward Katimbo Mugwanya,  to …

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Uganda draws Ghana, Egypt again in AFCON finals

AFCON2017 DRAW Group A – Gabon, Guinea Bissau, Cameroon, Burkina Faso Group B -Algeria, Zimbabwe, Senegal, Tunisia Group C – Ivory Coast, Togo, Morocco, DRC Group D – Ghana, Uganda, Egypt, Mali January 17  – Uganda vs Ghana January 21– Uganda vs Egypt January 25  – Uganda vs Mali Uganda Cranes will come up …

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Exchange rate qualms in October

The first week of October has not been smooth sailing for the Uganda shilling.  By close of the trading week that ended Oct. 07, the local currency had run down from Shs 3,385/3,395 on Sept.30 to Shs 3,405/3,415 to the US dollar, representing a loss of Shs 20. This is …

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