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UNEB Warns Public Against Grading System Fraudsters
Uganda National Examinations Board (UNEB) has sent out a warning to heads of centers and public against fraudsters claiming to have access to UNEB grading system.”It has come to the attention of the Board that there are some impostors coning Head teachers and School Directors of money, allegedly to either help them improve the grades […]
Investment Minister Vows To Support Packaging Industry
 Even though packaging is what makes a product marketable, Uganda doesn’t have enough packaging supplies, EvelynAnite, the State Minister for Investment and Privatization has revealed. The Minister made the revelation Tuesday while touring Dream Pack Ltd factory in Kampala. She was in the company of the board of Uganda Investment Authority (UIA). The Minister promised to ‘do […]
Govt Issues New PPDA Regulations To Guide Public Procurement
The Minister of Finance, Planning and Economic Development, Matia Kasaija, has today announced the roll out of the 2023 Public Procurement and Disposal of Public Assets (PPDA) Regulations. Kasaija said the implementation of the new regulations will start 5th February 2025. He explained that issuance of these regulations has been occasioned by developments in the […]
Nigeria’s Access Bank Takes Over Uganda’s Finance Trust Bank
Finance Trust Bank (FTB) and Nigeria’s Access Bank PLC (Access Bank) have announced the signing of a definitive agreement for Access Bank’s equity investment into FTB.The deal will also see Access Bank concurrently acquiring the shares currently held by FTB’s Institutional Shareholders who have sought to exit to a strategic, long-term shareholder.The transaction is subject […]
Africa’s Development Finance Institutions To Learn From UDB Experience
The top leadership of Development Finance Institutions in Africa will convene in Uganda from the 23rd to 24th of January 2024 to learn from the experience of Uganda Development Bank (UDBL) in embracing the rigorous Sustainability Standards.The benchmarking visit organized under the auspicious of the African Association of Development Finance Institutions (AADFI) in cooperation with […]
More Indian Investors Keen To Invest In Uganda
Members of the Federation of Indian Chambers of Commerce and Industry (FICCI), a non-governmental trade association and advocacy group based in India, have expressed their interest in investing in Uganda.The FICCI delegation is in the country to evaluate and identify possible areas of cooperation and investment. On Thursday, the Uganda Investment Authority took them on […]
Central Bank Liquidates Undercapitalized And Poorly Run EFC Uganda
The license of EFC Uganda Limited, a microfinance deposit-taking institution in Uganda, has been revoked, Michael Atingi-Ego, the Deputy Governor of Bank of Uganda announced in a statement on Friday. The Deputy Governor also reveals that EFC Uganda has been ordered to wind up its activities and operations. Basically, EFC Uganda has been put under […]
Trade Ministry Lures Investors To Uganda
Uganda is an attractive trade & investment destination with significant benefits, Harriet Ntabazi, the Minister of State for Trade, told potential investors at the East Africa Trade & Investment Forum in Kampala.Under the leadership of President Yoweri Museveni, we enjoy stability and democratic gains which gives confidence to investors, she told the high profile forum.The […]
AFCON 2027: Sports Ministry Makes Shs2.1trn Funding Request
The Ministry of Education & Sports is seeking Shs2.1trn for the partial payment for Uganda to host AFCON in 2027 & start the construction of the two required stadiums.However, John Muyingo, State Minister for Higher Education, appearing before the Parliament’s Education Committee said no single penny has been availed for this expenditure in the 2024/25 […]